Profile: Textron Inc (TXT.N)
17 May 2019
Textron Inc., incorporated on July 31, 1967, is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services across the world. The Company operates through five segments: Textron Aviation, Bell, Textron Systems, Industrial and Finance.
The Textron Aviation segment is engaged in general aviation. It manufactures, sells and services Beechcraft and Cessna aircraft, and services the Hawker brand of business jets. The segment has two principal product lines: aircraft sales and aftermarket. Aircraft sales include business jets, turboprop aircraft, piston engine aircraft, and military trainer and defense aircraft. Aftermarket includes commercial parts sales, and maintenance, inspection and repair services. The family of jets produced by Textron Aviation includes the Mustang, Citation M2, Citation CJ3+, Citation CJ4, Citation XLS+, Citation Latitude, Citation Sovereign+ and Citation X+. In addition, Textron Aviation is developing the Citation Longitude.
The Textron Aviation's turboprop aircraft includes the Beechcraft King Air, which offers the King Air C90GTx, King Air 250, King Air 350ER and King Air 350i, and the Cessna Caravan, a utility turboprop. Textron Aviation also offers the T-6 trainer and AT-6 light attack military aircraft. Textron Aviation's piston engine aircraft includes the Beechcraft Baron and Bonanza, and the Cessna Skyhawk, Skylane, Turbo Stationair and TTx. The Scorpion represents aircraft offering capabilities, such as intelligence, surveillance and reconnaissance, humanitarian assistance, disaster relief, training and precision strike, designed primarily for the tactical military jet aviation market. As of February 2, 2018, Textron Aviation operated a global network of 18 service centers. As of February 2, 2018, Textron Aviation provided its customers with around-the-clock parts support and offered a mobile support program with over 60 mobile service units and several support aircraft.
The Bell Helicopter is a supplier of military and commercial helicopters, tiltrotor aircraft, and related spare parts and services across the world. Bell supplies military helicopters and support to the United States Government and to military customers outside the United States. Bell's primary United States Government programs include the V-22 tiltrotor aircraft and the H-1 helicopters. Bell produces and supports the V-22 tiltrotor aircraft for the United States Department of Defense (DoD). The H-1 helicopter program includes a utility model, the UH-1Y, and an attack model, the AH-1Z.
Through its commercial business, Bell is a supplier of commercially certified helicopters and support to corporate, offshore petroleum exploration and development, utility, charter, police, fire, rescue and emergency medical helicopter operators and foreign governments. Bell produces a range of commercial aircraft types, including light single and twin-engine helicopters and medium twin-engine helicopters, along with other related products. The helicopters offered by Bell for commercial applications include the 206L-4, 407, 407GT, 407GXP, 412EP, 412EPI, 429 and Huey II. As of February 2, 2018, for both its military programs and its commercial products, Bell provided post-sale support and service for an installed base of approximately 13,000 helicopters through a network of six Bell-operated service centers, four global parts distribution centers and over 100 independent service centers located in 35 countries. Its service sites offer a 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.
The Textron Systems segment is a supplier to the defense, aerospace and general aviation markets. Textron Systems segment's product lines consist of unmanned aircraft systems, marine and land systems, weapons and sensors, simulation, training and other defense and aviation mission support products and services. The Textron Systems segment sells its products to the United States Government customers and to customers outside the United States through foreign military sales sponsored by the United States Government and directly through commercial sales channels. Its product lines include unmanned systems, weapons and sensors, marine and land systems, and simulation, training and other. The Unmanned systems consists of the unmanned systems and support solutions businesses. The Unmanned Systems business designs, manufactures and fields combat-proven unmanned aircraft systems, including the United States Army's tactical unmanned aircraft system, the Shadow.
The Company's weapons and sensors business consists of weapons, airborne and ground-based sensors and surveillance systems, and protection systems for the defense and aerospace industries. The marine and land systems business is engaged in the design, production and support of armored vehicles, turrets and related subsystems, as well as marine craft. It produces mobile and protective vehicles for the United States Army and international allies. It is developing the United States Navy's Landing Craft Air Cushion. The simulation, training and other business includes six businesses, including TRU Simulation + Training, Lycoming, Electronic Systems, Advanced Information Solutions, Geospatial Solutions and Textron Airborne Solutions.
TRU Simulation + Training business designs, develops, manufactures, installs and provides maintenance of flight training courseware and devices, including full flight simulators, for both rotary- and fixed-wing aircraft for commercial airlines, aircraft original equipment manufacturers (OEMs), flight training centers and training organizations across the world. Through its training centers, TRU Simulation + Training business provides initial type-rating and recurrency training for pilots, as well as maintenance training in its Aviation Maintenance Training Academy. Lycoming specializes in the engineering, manufacture, service and support of piston aircraft engines for the general aviation and remotely piloted aircraft markets. Electronic Systems provides technology test equipment and electronic warfare test and training solutions. Advanced Information Solutions and Geospatial Solutions provide intelligence software solutions for the United States and international defense, intelligence and law enforcement communities. Textron Airborne Solutions focuses on live military air-to-air and air-to-ship training and support services for the United States Navy, Marine and Air Force pilots.
The Industrial Segment designs and manufactures a range of products within three principal product lines. Its product lines include fuel systems and functional components,and specialized vehicles and equipment. The Company's fuel systems and functional components product line is operated by its Kautex business unit. Kautex is a developer and manufacturer of blow-molded plastic fuel systems for cars, light trucks, all-terrain vehicles, windshield and headlamp washer systems for automobiles and selective catalytic reduction systems used to reduce emissions from diesel engines. Kautex also produces cast iron engine camshafts, and develops and produces plastic bottles and containers for food, household, laboratory and industrial uses.
The Company's specialized vehicles and equipment product line includes the products designed, manufactured and sold by its Textron Specialized Vehicles and Jacobsen businesses. The Specialized Vehicles and Equipment product line includes the E-Z-GO, Textron Off Road, TUG Technologies, Douglas Equipment, Ransomes, Jacobsen, Cushman, Dixie Chopper, and Premier and Safeaero businesses and brands. The businesses in this product line design, manufacture and sell golf cars, off-road utility vehicles, light transportation vehicles, aviation ground support equipment and professional turf-maintenance equipment, as well as specialized turf-care vehicles.
Textron Specialized Vehicles' customer base includes golf courses and resorts, government agencies and municipalities, consumers, and commercial and industrial users, such as factories, warehouses, airports, planned communities, hunting preserves, educational and corporate campuses, sporting venues, municipalities and landscaping professionals.
The Finance segment is a commercial finance business that consists of Textron Financial Corporation (TFC) and its subsidiaries. The Finance segment provides financing primarily to purchasers of new and pre-owned Textron Aviation aircraft and Bell helicopters.
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Company Web Links
- Textron sees final certification of Longitude jet in third quarter
- CORRECTED-Textron sees final certification of Longitude jet in third quarter (April 17)
- Textron sees final certification of Longitude jet in second quarter
- UPDATE 2-Textron profit beats on higher aircraft sales
- Textron's first-quarter revenue falls 5.7 percent