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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 .
- 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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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?
Recent developments and announcements about TXT.
Corporate Leadership
CFO Change
Frank T. Connor, the Executive Vice President and Chief Financial Officer of Textron Inc., will be retiring effective February 28, 2025. David Rosenberg, currently the Vice President of Investor Relations, will succeed him as CFO starting March 1, 2025 .