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 .
- Textron Aviation - Leads in general aviation by manufacturing Cessna and Beechcraft aircraft.
- Industrial - Designs and manufactures automotive and specialized vehicles, including Kautex and Specialized Vehicles.
- Bell - Produces military and commercial helicopters and tiltrotor aircraft.
- Textron Systems - Focuses on defense products, including unmanned systems and armored vehicles.
- Textron eAviation - Develops sustainable aviation solutions, including electric aircraft.
- Finance - Provides financing solutions primarily for Textron Aviation and Bell products.
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| Name | Position | External Roles | Short 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. | View Report → |
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. |
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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?
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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?
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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?
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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?
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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?
Research analysts who have asked questions during TEXTRON earnings calls.
David Strauss
Barclays
4 questions for TXT
Myles Walton
Wolfe Research, LLC
4 questions for TXT
Noah Poponak
Goldman Sachs
4 questions for TXT
Peter Arment
Robert W. Baird & Co.
4 questions for TXT
Robert Stallard
Vertical Research Partners
4 questions for TXT
Sheila Kahyaoglu
Jefferies
4 questions for TXT
Gavin Parsons
UBS Group AG
3 questions for TXT
Peter Skibitski
Alembic Global Advisors
3 questions for TXT
Ronald Epstein
Bank of America
3 questions for TXT
Seth Seifman
JPMorgan Chase & Co.
3 questions for TXT
Douglas Harned
Sanford C. Bernstein & Co., LLC
2 questions for TXT
Jason Gursky
Citigroup Inc.
2 questions for TXT
Kristine Liwag
Morgan Stanley
2 questions for TXT
Gautam Khanna
TD Cowen
1 question for TXT
Pete Skibitski
Alembic Global Advisors
1 question for TXT
| Customer | Relationship | Segment | Details |
|---|---|---|---|
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). |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
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.
- On October 16, 2025, Textron secured a $1.0 billion senior unsecured revolving credit facility, replacing its prior $1.0 billion facility maturing October 21, 2027, with an option to increase commitments to $1.3 billion; the new facility matures October 16, 2030, with up to two one-year extensions.
- Borrowings bear interest at either a Base Rate (highest of Prime, federal funds +0.50%, or 1-month SOFR +1.00% plus a 0.14% margin) or Term SOFR plus a 1.14% margin, and incur a quarterly facility fee of 0.11% at current BBB/Baa2 ratings.
- The facility provides a $100 million sublimit for letters of credit, subject to fronting fees and charges at the same Term Benchmark Margin.
- Key covenants restrict mergers or asset sales unless obligations are assumed, cap liens (permitted liens limited to 3% of consolidated assets), and require maintaining a Finance Company Leverage Ratio of no more than 9:1.
- Textron Aviation, a subsidiary of Textron Inc., secured FAA type certification for the Cessna Citation CJ3 Gen2, bringing the most comprehensive second-generation enhancements to market.
- Key upgrades include automatic thrust technology, an extra 4.5 inches of pilot legroom, and a fully customizable cabin environment, all driven by customer feedback.
- After completing 445 hours of flight testing, the light jet is scheduled to enter service in 2025.
- FAA type certification granted after 445 hours of flight testing; aircraft to enter service later in 2025.
- Gen2 enhancements include Garmin G3000 auto-throttles, optional Enhanced Vision System (EVS), touch-screen avionics and GDL60 connectivity.
- Cabin upgrades feature an additional 4.5 inches of pilot legroom, customizable RGB lighting, USB-C power and wireless charging at every seat.
- Performance specs: 2,040 nm max range, 5,530 lb useful load; standard nine-seat layout with an optional eight-seat configuration.
- Textron Aviation’s Cessna Citation CJ3 Gen2 achieved FAA type certification after 445 flight test hours, preparing for market entry in 2025.
- The aircraft integrates Garmin G3000 avionics with automatic throttles, optional enhanced vision system and offers 11.4 cm additional pilot legroom.
- It delivers a maximum range of 2,040 nm, a useful load of 2,500 kg and standard seating for nine passengers (or eight with extra storage).
- The customizable luxury cabin includes RGB lighting, USB-C charging at each seat, CoolView skylights and an optional high-power outlet for galley equipment.
- Otto Aerospace named Flexjet as launch customer for its next-generation Phantom 3500 business jet, with a firm order for 300 aircraft and additional options.
- The Phantom 3500 leverages laminar-flow aerodynamics and all-carbon-fiber composites to achieve over 60% fuel burn reduction.
- First flight is expected in 2027, with deliveries scheduled to begin in 2030.
- Flexjet will integrate the Phantom 3500 into its fleet and its maintenance arm will become an Otto authorized service center, boosting its sustainable travel offerings.
- 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
- 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.