Textron Inc (NYSE: TXT)

Textron Inc. is a multiple industry company that leverages its global network of aircraft defense industrial and finance businesses to provide customers with innovative products and services around the world.

Revenue is generated through the sale of aircraft helicopters and related aftermarket parts and services from the production of ground support vehicles and fuel systems and from financing activities related to its manufactured products.

The company operates through the following segments.

• Textron Aviation manufactures sells and services Cessna and Beechcraft aircraft and services the Hawker brand of business jets. The segment has two principal product lines aircraft and aftermarket parts and services. Aircraft includes sales of business jets turboprop military trainer and defense aircraft and piston engine aircraft. Aftermarket parts and services includes commercial parts sales maintenance inspection and repair services and advanced flight training devices. Textron Aviation's business jets include the Cessna Citation M2 Gen2 Citation CJ3 Gen2 Citation CJ4 Gen2 Citation Ascend Citation Latitude and the Citation Longitude. In 2024 Textron Aviation announced its next generation of light jets the Citation M2 Gen3 CJ3 Gen3 and CJ4 Gen3 which will include the Garmin Emergency Autoland technology. Currently under development the M2 Gen3 CJ3 Gen3 and CJ4 Gen3 are expected to enter service in 2027. Textron Aviation’s turboprop aircraft include the Beechcraft King Air 260 King Air 360ER King Air 360 and the Cessna Caravan Grand Caravan EX and SkyCourier. The Beechcraft Denali a high performance single engine turboprop aircraft under development continues toward FAA certification. The engine that powers the Denali was certified by the FAA in February 2025 and is expected to be up to 20 percent more efficient than similarly sized engines. The Denali is expected to enter service in 2026. Textron Aviation’s military trainer and defense aircraft include the Beechcraft T6 trainer which has been used to train pilots from more than 40 countries and the AT6 light attack military aircraft. Textron Aviation’s piston engine aircraft include the Cessna Skyhawk Skylane Turbo Skylane and the Turbo Stationair HD. Textron Aviation markets its products worldwide through its own sales force and through a network of authorized independent sales representatives. With a product lineup ranging from introductory training aircraft through super mid size business jets Textron Aviation’s diverse customer base includes fractional aircraft businesses charter and fleet operators corporate aviation individual buyers training schools airlines and special mission military and government operators.

• Bell is a leading worldwide supplier of military and commercial helicopters tiltrotor aircraft and related spare parts and services. The segment supplies advanced military helicopters and provides parts and support services to the US Government and to military customers outside the United States. Bell’s primary US Government programs are for the development of a next generation tiltrotor aircraft for the US Army’s Future Long Range Assault Aircraft program now designated as the MV 75 program and the production and support of the V 22 tiltrotor aircraft and H 1 helicopters. Under the US Government sponsored foreign military sales program Bell offers the V 22 tiltrotor aircraft and H 1 helicopter products for sale to other countries. The MV 75 contract was awarded to Bell in December 2022. In 2024 the US Army announced approval of Milestone B establishing the MV 75 as a program of record and transitioning the program to the Engineering and Manufacturing Development phase. This phase includes continued digital modeling detailed hardware and software design and fabrication of hardware as Bell proceeds to critical design review and the first prototype tests planned for 2026. Through its commercial business Bell is a leading supplier of commercially certified helicopters and support to corporate private law enforcement utility public safety and emergency medical helicopter operators and US and foreign governments. Bell produces a variety of commercial aircraft types including light single and twin engine helicopters medium twin engine helicopters along with other related products. The commercial helicopters currently offered by Bell include the 429 407GXi 412EPX and 505 Jet Ranger X. Bell’s super medium commercial helicopter the 525 Relentless continues toward FAA certification. For both its military programs and its commercial products Bell provides post sale support and service for an installed base of approximately 13,000 helicopters. Bell operates a global network of eight Company operated service centers and four global parts distribution centers. In addition approximately 85 independent service centers are located in about 35 countries. Collectively these service sites offer a complete range of logistics support including parts support equipment technical data training devices pilot and maintenance training component repair and overhaul engine repair and overhaul aircraft modifications aircraft customizing accessory manufacturing contractor maintenance field service and product support engineering. In addition Bell operates the Bell Training Academy BTA with its principal location in Fort Worth Texas and two satellite locations in Singapore and Spain. The BTA provides technically advanced and fully customizable training solutions for approximately 2,000 pilots and 1,000 maintainers annually including flight training on Bell owned aircraft and certified Full Flight Simulators and Flight Training Devices as well as maintenance training on Bell's production representative maintenance training devices.

• Textron Systems develops manufactures and integrates a variety of products and services for US and international military government and commercial customers to support defense homeland security aerospace infrastructure protection and other missions. Product and service offerings include electronic systems and solutions advanced marine craft piston aircraft engines live military air to air and air to ship training weapons and related components unmanned aircraft systems and both manned and unmanned armored and specialty vehicles. Notable products currently developed and produced by the Textron Systems segment include the Ship to Shore Connector the US Navy's next generation of Landing Craft Air Cushion vehicles a family of test and simulation products the Aerosonde family of unmanned aircraft systems products multi mission capable for commercial and military operations armored land vehicles and piston aircraft engines under the Lycoming brand. Notable service offerings of the segment include live military air to air and air to ship training and support services for US Navy Marine and Air Force personnel provided by Airborne Tactical Advantage Company (ATAC) and fee for service programs using unmanned aircraft systems.

• Industrial segment designs and manufactures a variety of products within the Kautex and Textron Specialized Vehicles businesses. Kautex is a leader in designing and manufacturing plastic fuel systems for automobiles and light trucks including blow molded solutions for conventional plastic fuel tanks and pressurized plastic fuel tanks for hybrid vehicle applications. Kautex also develops and manufactures clear vision systems for automotive safety and advanced driver assistance systems (ADAS). Kautex's cleaning systems are comprised of nozzles reservoirs inlets and pumps to support onboard cleaning for windscreens headlamps and ADAS cameras and sensors. In addition Kautex produces plastic tanks for selective catalytic reduction systems used to reduce emissions from diesel engines and other fuel system components. Kautex also offers lightweight composite Pentatonic battery systems which include enclosures underbody protection and thermal management systems for use in electric vehicles from hybrid to full battery powered. Kautex's business model focuses on developing and maintaining long term customer relationships with leading global OEMs. Kautex which is headquartered in Bonn Germany operates over 30 plants in 13 countries in close proximity to its customers along with 9 engineering/research and development locations around the world. Textron Specialized Vehicles businesses manufacture and sell products under the E Z GO TUG Technologies Douglas Equipment Premier Safeaero Ransomes Jacobsen and Cushman brands. These businesses design manufacture and sell golf cars utility vehicles light transportation vehicles aviation ground support equipment professional turf maintenance equipment and specialized turf care vehicles. In addition the E Z GO business refurbishes and sells previously owned golf cars. A significant portion of the products sold by the Textron Specialized Vehicles businesses are powered with lithium batteries reducing the products' impact on the environment. The diversified customer base for Textron Specialized Vehicles includes golf courses and resorts government agencies and municipalities consumers outdoor enthusiasts and commercial and industrial users such as factories warehouses airlines planned communities hunting preserves educational and corporate campuses sporting venues hotels and resorts and landscaping professionals. Textron Specialized Vehicles products are sold through a network of independent distributors and dealers worldwide as well as factory direct resources.

• Textron eAviation has been focused on research and development initiatives related to sustainable aviation solutions and includes Pipistrel a manufacturer of light aircraft. Pipistrel offers a family of light aircraft and gliders with both electric and combustion engines including the Velis Electro which is the world's first and currently only electric aircraft to receive full type certification from the European Union Aviation Safety Agency and from the UK Civil Aviation Authority. In 2024 the FAA granted a light sport aircraft airworthiness exemption for the Pipistrel Velis Electro allowing flight training in an electric aircraft within the United States and in late 2025 Transport Canada validated the type certificate for the Pipistrel Explorer Velis Club and Velis Electro. The Textron eAviation segment has also been developing both hybrid and electric propulsion aircraft including Pipistrel's Nuuva V300 a long range large capacity hybrid electric vertical takeoff and landing unmanned aircraft. Under the segment realignment mentioned above effective at the beginning of our 2026 fiscal year a significant part of Textron eAviation including Pipistrel will become part of the Textron Aviation segment to enable the business to more effectively leverage the development manufacturing and sales expertise at Textron Aviation. In addition Textron eAviation’s manned and unmanned products for military applications and related research and development activities will be included in the results of the Textron Systems segment which is best suited to provide more direct access to the targeted customer base for these products. Lastly certain Textron eAviation research and development activities encompassing digital flight control and air vehicle management systems which we expect will benefit several of our segments will be reported within corporate expenses.

• The Finance segment or the Finance group is a commercial finance business that consists of Textron Financial Corporation TFC and its consolidated subsidiaries. The Finance segment provides financing primarily to purchasers of new and pre owned Textron Aviation aircraft and Bell helicopters. A substantial number of the originations in the finance receivable portfolio are cross border transactions for aircraft sold outside the US. In 2025 and 2024 the Finance group made payments of 183 million dollars and 109 million dollars respectively to finance the Manufacturing group's sale of Textron manufactured products to third parties.

Textron Inc. holds a strong position across multiple industries competing with firms such as Boeing Airbus Lockheed Martin Northrop Grumman General Dynamics and Cessna's rivals in general aviation while leveraging diversified operations and integrated finance capabilities to provide stability and growth.

The company serves a broad range of customers including the US Government and its branches such as the US Army fractional aircraft businesses charter and fleet operators corporate aviation individual buyers training schools airlines special mission military and government operators golf courses and resorts government agencies and municipalities consumers outdoor enthusiasts factories warehouses airlines planned communities hunting preserves educational and corporate campuses sporting venues hotels and resorts and landscaping professionals.