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    Textron Inc (TXT)

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    Textron Inc. is a multi-industry company known for its diverse operations across several segments, including aviation, defense, and industrial products. The company manufactures a range of products such as Cessna and Beechcraft aircraft, military and commercial helicopters, and specialized vehicles, while also providing financing solutions for its aviation and helicopter products . Textron is committed to innovation, particularly in sustainable aviation solutions through its eAviation segment .

    1. Textron Aviation - Leads in general aviation by manufacturing Cessna and Beechcraft aircraft.
    2. Industrial - Designs and manufactures automotive and specialized vehicles, including Kautex and Specialized Vehicles.
    3. Bell - Produces military and commercial helicopters and tiltrotor aircraft.
    4. Textron Systems - Focuses on defense products, including unmanned systems and armored vehicles.
    5. Textron eAviation - Develops sustainable aviation solutions, including electric aircraft.
    6. Finance - Provides financing solutions primarily for Textron Aviation and Bell products.
    NamePositionExternal RolesShort Bio

    Scott C. Donnelly

    ExecutiveBoard

    Chairman, President, and CEO

    Board Member at Medtronic plc

    Joined Textron in 2008 as EVP & COO; became CEO in 2009 and Chairman in 2010. Previously President & CEO of GE Aviation. Extensive experience in aerospace and defense.

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    David Rosenberg

    Executive

    VP, Investor Relations (CFO effective Mar. 1, 2025)

    None

    Joined Textron in 2014 after Beechcraft acquisition. Led integration of Beechcraft and Cessna into Textron Aviation. Former CFO of Textron Aviation.

    E. Robert Lupone

    Executive

    EVP, General Counsel, Secretary, and CCO

    None

    Joined Textron in 2012. Oversees legal, compliance, and corporate governance. Previously General Counsel at Siemens Corporation (U.S.).

    Frank T. Connor

    Executive

    EVP and CFO (retiring Feb. 28, 2025)

    None

    Joined Textron in 2009 as EVP & CFO. Previously held leadership roles at Goldman Sachs, including Head of Telecom Investment Banking.

    Julie G. Duffy

    Executive

    EVP and CHRO

    None

    Joined Textron in 1997. Transitioned from legal roles to HR leadership. Became EVP and CHRO in 2022, overseeing HR policies and employment issues.

    Deborah Lee James

    Board

    Director

    Director at Unisys Corporation

    Director since 2017. Former Secretary of the U.S. Air Force. Expertise in national security, government procurement, and cybersecurity.

    James L. Ziemer

    Board

    Director

    None

    Director since 2007. Former CEO of Harley-Davidson. Expertise in brand equity, customer satisfaction, and captive finance.

    Kathleen M. Bader

    Board

    Director

    None

    Director since 2004. Expertise in strategic planning, change management, and international business expansion.

    Lionel L. Nowell III

    Board

    Director

    Director at Bank of America, Ecolab Inc.

    Director since 2020. Former SVP and Treasurer of PepsiCo. Expertise in treasury, financial reporting, and risk management.

    Maria T. Zuber

    Board

    Director

    VP for Research at MIT, Co-Chair of PCAST, Director at Bank of America

    Director since 2016. Renowned geophysicist and MIT VP for Research. Extensive NASA leadership experience.

    Michael X. Garrett

    Board

    Director

    Board Member at Nano Dimension Ltd.

    Joined Textron's Board in 2023. Retired U.S. Army four-star general. Former Commanding General of U.S. Army Forces Command.

    R. Kerry Clark

    Board

    Director

    Director at General Mills, Elevance Health

    Director since 2003. Former CFO of Pepsi Bottling Group. Expertise in corporate governance, marketing, and global strategy.

    Richard F. Ambrose

    Board

    Director

    None

    Joined Textron's Board in 2022. Retired EVP of Lockheed Martin Space. Extensive leadership in aerospace and defense.

    Thomas A. Kennedy

    Board

    Director

    None

    Joined Textron's Board in 2023. Former Chairman and CEO of Raytheon Company. Expertise in aerospace and defense.

    1. Given the ongoing softness in certain Industrial markets and your expectation of revenues around $3.5 billion with a segment margin of about 4% , could you elaborate on the specific restructuring plans you have, and how they will address the challenges in the softer market segments?

    2. With eAviation expected to have revenues of about $35 million and a segment margin loss of around $75 million , what is your roadmap for eAviation, and how do you plan to turn this segment profitable?

    3. The five-week strike in your Aviation segment resulted in a $0.5 billion revenue adjustment and production inefficiencies ; what measures are you taking to mitigate the impact on your financials, and how will this affect your production and delivery schedules going into 2025?

    4. Auto markets are down globally, especially in Europe where volumes are below expectations ; how is this affecting your Kautex business, and what strategies are in place to navigate the challenges in the European automotive sector within your Industrial segment?

    5. You mentioned ongoing supply chain issues and the focus on getting parts from suppliers to ramp up production post-strike ; can you provide more details on the specific supply chain bottlenecks you're facing, and how confident are you that these issues will not hinder your capacity expansion and revenue growth plans for 2025?

    Program DetailsProgram 1
    Approval DateJuly 24, 2023
    End Date/DurationNo expiration date
    Total additional amount35 million shares
    Remaining authorization18,381,000 shares
    DetailsRepurchase to offset dilution from stock-based compensation and for opportunistic capital management
    YearAmount Due (Millions)Debt TypeInterest Rate (%)% of Total Debt
    2024357 Current portion of long-term debt N/A10.0% = (357 / 3,582) * 100
    N/A2,884 Long-term debt (Manufacturing group) N/A80.5% = (2,884 / 3,582) * 100
    N/A341 Long-term debt (Finance group) N/A9.5% = (341 / 3,582) * 100
    CustomerRelationshipSegmentDetails

    U.S. Government

    Defense contracts for helicopters, tiltrotor aircraft, and support services

    Bell, Textron Systems

    25% of total revenue in FY 2024, which is $3,426 million (0.25 × $13,702 million).

    NameStart DateEnd DateReason for Change
    Ernst & Young LLP1957 PresentCurrent auditor

    Notable M&A activity and strategic investments in the past 3 years.

    CompanyYearDetails

    Pipistrel

    2022

    Completed acquisition where Textron purchased Pipistrel on April 15, 2022 for a cash price of approximately $239–$240 million, including the assumption of $35 million in debt and a final fixed payment of $21 million due in 2024. The deal strategically formed the new Textron eAviation segment to capitalize on sustainable aviation solutions and integrate Pipistrel's electric aircraft capabilities, notably with its certified Velis Electro aircraft.

    Recent press releases and 8-K filings for TXT.

    Textron Inc Reports Q1 2025 Earnings Results
    TXT
    Earnings
    Guidance Update
    Share Buyback
    Revenue Acceleration/Inflection
    M&A
    • Textron reported Q1 2025 revenues of $3.3B (up $171M YoY) with adjusted EPS of $1.28 and EPS of $1.13
    • Reaffirmed its full-year outlook with adjusted EPS guidance of $6.00–$6.20 and expects robust manufacturing cash flow
    • Achieved adjusted EBITDA of $386M in Q1 2025, up from $372M in Q1 2024, underscoring operational efficiencies
    • Bell segment delivered strong results with a $256M increase and 35.2% organic revenue growth, while Systems and Industrial segments had mixed outcomes
    • Returned $215M to shareholders via approximately 2.9 million share repurchase
    • Completed the sale of its Powersports business, including the Arctic Cat brand
    Apr 24, 2025, 12:01 PM
    Textron Inc. Reports 2025 Shareholder Voting Outcomes
    TXT
    Proxy Vote Outcomes
    Board Change
    Auditor Change
    • Annual Meeting Held: Textron held its 2025 Annual Meeting of Shareholders on April 23, 2025, where key voting matters were addressed.
    • Director Elections and Compensation Vote: The meeting detailed election outcomes for board directors with extensive vote counts and approved the advisory resolution for executive compensation.
    • Auditor Ratification: The appointment of Ernst & Young LLP as the independent registered public accounting firm for 2025 was ratified by shareholder vote.
    Apr 24, 2025, 12:00 AM