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Company Description

Contact Info

40 Westminster Street

Providence, RI 02903

United States

Phone: 401-421-2800

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Textron Inc. engages in the aircraft, defense, industrial and finance businesses worldwide. Segments The company operates through five segments: Textron Aviation; Bell; Textron Systems; Industrial, which represent the company’s manufacturing businesses; and Finance, which represents its finance business. Textron Aviation segment This segment manufactures, sells, and services Beechcraft and Cessna aircraft, and services the Hawker brand of business jets. This segment has two principal product lines, such as 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. Textron Aviation’s principal lines of business are as follows The family of jets produced by Textron Aviation includes the Mustang, Citation M2, Citation CJ3+, Citation CJ4, Citation XLS+, Citation Latitude (which entered into service during 2015), Citation Sovereign+, and the Citation X+, the fastest civilian jet in the world. In addition, Textron Aviation is developing the Citation Longitude, a super-midsize jet expected to enter into service in 2017, and newly announced the Citation Hemisphere, a large-cabin jet for which first flight is targeted in 2019. Textron Aviation’s turboprop aircraft include 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. Approximately 20 countries utilize the T-6 aircraft as a part of their military training fleet. Textron Aviation’s piston engine aircraft include the Beechcraft Baron and Bonanza, and the Cessna Skyhawk, Skylane, Turbo Stationair and the high performance TTx. In support of its family of aircraft, Textron Aviation operates a global network of 21 service centers, 2 of which are co-located with Bell Helicopter, along with approximately 400 authorized independent service centers located in 50 countries throughout the world. Textron Aviation-owned service centers provide customers with 24-hour service and maintenance. Textron Aviation provides its customers with parts support and also offers ServiceDirect for Citation, King Air and Hawker aircraft. ServiceDirect delivers service capabilities directly to customer locations with a mobile service unit fleet in the U.S., Canada and Europe. Textron Aviation markets its products worldwide through its own sales force, as well as through a network of authorized independent sales representatives. Bell segment This supplies military and commercial helicopters, tiltrotor aircraft, and related spare parts and services in the world. Bell’s principal lines of business are as follows: Bell supplies advanced military helicopters and support to the U.S. government and to military customers outside the United States. Bell’s primary U.S. government programs are the V-22 tiltrotor aircraft and the H-1 helicopters. Bell supplies helicopters to the U.S. government and in association with The Boeing Company (Boeing), the only supplier of military tiltrotor aircraft. Tiltrotor aircraft are designed to provide the benefits of both helicopters and fixed-wing aircraft. Through its strategic alliance with Boeing, Bell produces and supports the V-22 tiltrotor aircraft for the U.S. Department of Defense, and newly entered into its first contract to sell the V-22 tiltrotor aircraft under the U.S. government sponsored foreign military sales program. The U.S. Marine Corps H-1 helicopter program includes a utility model, the UH-1Y, and an advanced attack model, the AH-1Z, which have 84% parts commonality between them. Bell, through its commercial business, is a major supplier of commercially certified helicopters and support to corporate, offshore petroleum exploration and development, utility, charter, police, fire, rescue, emergency medical helicopter operators and foreign governments. Bell produces various commercial aircraft types, including light single- and twin-engine helicopters and

 

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Valuation TXT Industry Range
Price/Earnings 15.1x
Price/Sales 0.8x
Price/Book 2.1x
Price/Cash Flow 14.9x
TEV/Sales 0.5x
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