Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates in six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance. The Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft, as well as offers maintenance, inspection, and repair services; commercial parts; and advanced flight training devices. The Bell segment supplies military and commercial helicopters, tiltrotor aircraft, and related spare parts and services. The Textron Systems segment offers unmanned aircraft systems, electronic systems and solutions, advanced marine crafts, piston aircraft engines, live military air-to-air and air-to-ship training, weapons and related components, and armored and specialty vehicles. The Industrial segment offers blow-molded solutions, including conventional plastic fuel tanks and pressurized fuel tanks; plastic tanks for catalytic reduction systems and other fuel system components; lightweight and composite pentatonic battery systems for use in electric vehicles primarily to automobile original equipment manufacturers; and golf cars, off-road utility vehicles, powersports products, light transportation vehicles, aviation ground support equipment, professional turf-maintenance equipment, and turf-care vehicles to golf courses and resorts, government agencies and municipalities, consumers, outdoor enthusiasts, and commercial and industrial users. The Textron eAviation segment manufactures and sells light aircraft and gliders with electric and combustion engines; and provides other research and development initiatives related to sustainable aviation solutions. The Finance segment offers financing services to purchase new and pre-owned aviation aircraft and Bell helicopters. Textron Inc. was founded in 1923 and is headquartered in Providence, Rhode Island.
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Textron Delivers 500th Cessna Citation CJ4 Series Business Jet
Textron has delivered its 500th Cessna Citation CJ4 series business jet, marking more than a decade of customer confidence in the light jet platform. The milestone underscores the global appeal of the Citation CJ4, which is valued for its combination of performance, efficiency and mission flexibility across business travel, air ambulance, maritime patrol, search and rescue and aerial survey operations. Textron is also progressing toward the launch of the Cessna Citation CJ4 Gen3, which is expected to receive Federal Aviation Administration certification in 2026 and will feature Garmin G3000 PRIME avionics and Garmin Emergency Autoland. With an expected range of 2,165 nautical miles and seating for up to 11 occupants, the CJ4 Gen3 should offer strong versatility for owner-operators and corporate customers. Growing demand for efficient and versatile business jets, supported by corporate travel needs and increasing special mission requirements, is expected to support the light jet market.
Textron names Brian Rohloff to lead aviation business as Ron Draper retires
Textron has named company veteran Brian Rohloff president and chief executive of its Textron Aviation division, effective August 31. Rohloff succeeds Ron Draper, who is retiring after more than 27 years with Textron and eight years leading the aviation business. Rohloff brings 29 years of experience at Textron Aviation, the manufacturer of Cessna, Beechcraft and Hawker aircraft, most recently serving as senior vice president of customer support. He has held senior positions across customer support, sales, supply chain and quality, including vice president of quality, vice president of sales, and senior product director for the Citation XLS+ and Citation X. The appointment puts a longtime insider in charge of a major Textron business as the company works to increase deliveries, manage its supply chain and support demand for business jets and general aviation aircraft.
Brunswick unveils autonomous docking tech for boats
Brunswick is demonstrating its new Auto Captain autonomous docking technology at the Brooklyn Bridge Marina, which lets boaters press a button and have the vessel dock itself. Chairman and CEO David Foulkes says the system is now running down production lines and is expected to follow the adoption curve of joystick control, which eventually became standard on Boston Whaler and Sea Ray models. He notes docking is one of the most stressful parts of boating, especially for larger boats in tight areas with wind and current, and predicts Auto Captain will become a must-have feature that affects resale value. Brunswick also showcased a Guardian law-enforcement boat and an unmanned surface vessel developed with Textron for the Navy, with about 20 units already sold.
Textron Aviation has delivered its 500th Cessna Citation CJ4 series business jet, a milestone that underscores more than a decade of customer confidence in the company's largest light jet. The milestone aircraft, a Citation CJ4 Gen2, was delivered to a customer based in the Philippines, reflecting the platform's global reach. The company is now progressing toward the next chapter of the aircraft with the upcoming Cessna Citation CJ4 Gen3, which is expected to achieve Federal Aviation Administration certification this year. The CJ4 Gen3 flight test program has completed more than 880 flight test hours across two test articles thus far.
The Cessna Citation CJ3 Gen3 prototype has completed its first flight, advancing the next-generation light jet toward certification. With this milestone, all three next-generation Citation light jets—the CJ4 Gen3, CJ3 Gen3, and M2 Gen3—are now in flight testing. The initial nearly two-hour flight from Wichita Dwight D. Eisenhower National Airport reached a maximum altitude of 41,000 feet and a maximum speed of 278 knots indicated, focusing on cockpit software functionality. The aircraft features Garmin Emergency Autoland on the Garmin G3000 avionics platform and offers a maximum range of 2,040 nautical miles and a maximum payload of 2,135 pounds. Textron Aviation is now conducting comprehensive flight testing toward FAA certification and entry into service.
Textron reported second-quarter revenue of $3.8 billion, up 3% from a year earlier, while adjusted earnings per share rose to $1.62 from $1.55. The company maintained its full-year adjusted earnings guidance of $6.40 to $6.60 per share and manufacturing cash flow outlook of $700 million to $800 million before pension contributions. Aviation backlog stood at $8 billion, but segment profit fell 3% to $165 million due to factory inefficiencies and unfavorable aircraft volume and mix. Bell revenue increased 6% to $1.1 billion, though segment profit declined 6% to $75 million, and the company is self-funding work on the MV-75 program while awaiting congressional approval of an additional $350 million in fiscal 2026 funding. Without that funding, adjusted earnings per share could be reduced by $0.20 to $0.30 and manufacturing cash flow could decline by $150 million to $250 million. Textron has also begun exploring a sale or spinoff of its Industrial segment as part of its plan to become a pure-play aerospace and defense company.
Bell Delivers 700th Bell 505 Helicopter at Farnborough Airshow
Bell Textron announced the delivery of its 700th Bell 505 helicopter during the Farnborough International Airshow 2026. The aircraft was handed over to a private VIP operator, underscoring the model's popularity in the corporate segment. Since its introduction in 2017, the Bell 505 has accumulated more than 390,000 flight hours and operates in over 55 countries across six continents. The platform also serves as a premier training helicopter for militaries in Jordan, Bahrain, the United Arab Emirates, Albania, Montenegro, Indonesia, Iraq, and South Korea.
Pipistrel Unveils Voyager Training Aircraft at EAA AirVenture 2026
Pipistrel, a Textron Inc. company, introduced the Pipistrel Voyager, a next-generation training aircraft, at EAA AirVenture 2026 in Oshkosh, Wisconsin. The Voyager is designed to expand flight school capabilities with instrument flight rules training, intentional spin certification, and a ballistic parachute, while maintaining efficiency and a 2026 base price of €240,000. It features a Rotax 912 ULS engine, a maximum takeoff weight of 1,389 pounds, a useful load of 552 pounds, and a maximum range of 740 nautical miles. The aircraft is equipped with the new Garmin AXIS flight display and is expected to enter service in 2027, aligning with anticipated MOSAIC regulations.
Morgan Stanley stays bullish on aerospace and defense ahead of Q2 earnings
Morgan Stanley maintained a constructive outlook on the aerospace and defense sector ahead of second-quarter earnings, citing resilient commercial aerospace demand, improving aircraft production, and favorable long-term defense spending trends, while becoming more selective after recent stock volatility and valuation shifts. The brokerage reiterated positive views on commercial aerospace, defense, and space, highlighting durable aftermarket demand driven by sustained fleet utilization, low aircraft retirement rates, constrained maintenance capacity, and continued engine maintenance needs. It also said Boeing's production recovery is gaining momentum, with the 737 MAX running at 47 aircraft per month and further certification milestones expected to support the commercial aerospace outlook. In defense, Morgan Stanley said investors continue to underestimate the likelihood of a roughly $1.1 trillion U.S. fiscal 2027 base defense budget, arguing that supply-chain improvements and expanding missile production capacity should provide further upside for the sector. The firm also expects space companies to benefit from upcoming launch milestones, improving order trends, and NASA's commercial International Space Station procurement. Reflecting changing valuations rather than weakening fundamentals, Morgan Stanley downgraded Loar Holdings and TransDigm to Equal-weight, while cutting CAE and Voyager Technologies to Underweight. At the same time, it named FTAI Aviation as its top commercial aerospace pick, Northrop Grumman as its preferred defense stock, and HawkEye 360 as its top space investment. The brokerage also revised several price targets, lowering targets for companies including Honeywell Aerospace, VSE, Textron, StandardAero, Loar, and TransDigm, while raising targets for Heico, Curtiss-Wright, and Moog. It said the expanding universe of publicly traded aerospace and defense companies has increased investment opportunities but also requires greater selectivity.
Textron Delivers Bell 407GXi Helicopter to Texas DPS
Textron delivered a new Bell 407GXi helicopter to the Texas Department of Public Safety in May 2026, reinforcing its long-standing relationship with the agency. The light single-engine helicopter will support law enforcement, emergency response, and aerial surveillance missions. The Bell 407GXi is known for its versatility, reliability, and advanced avionics, making it a preferred platform for government agencies and commercial operators. Textron continues to strengthen its position in the helicopter market through its Bell business, which develops advanced rotorcraft for military, government, and commercial customers worldwide.
Textron is expected to report fiscal second-quarter 2026 earnings per share of $1.52, down 1.9% from $1.55 a year ago. The company beat consensus estimates in three of the last four quarters. For the full year, analysts forecast EPS of $6.60, up 8.2% from fiscal 2025, with further growth to $7.33 expected in fiscal 2027. TXT stock has gained 14.3% over the past 52 weeks, underperforming the S&P 500's 20.9% return and the Industrial Select Sector SPDR ETF's 25.6% gain. Analysts hold a Moderate Buy consensus rating with an average price target of $102.62, implying 11.9% upside.
GE Aerospace Outperforms Textron with Stronger Growth Prospects, Says Zacks
GE Aerospace holds stronger growth prospects than Textron, according to a Zacks Investment Research analysis, driven by robust commercial and defense demand and superior earnings estimates. GE's 2026 sales and earnings per share are expected to grow 15.2% and 17.4% year-over-year, respectively, while Textron's are projected to rise 5.2% and 8.2%. GE shares have gained 21.1% in the past six months compared to Textron's 3.5%, though GE trades at a forward price-to-earnings ratio of 46.32 times, well above its three-year median of 36.73 times. Textron faces supply-chain challenges from component shortages that may affect near-term performance, while GE benefits from a $1.4 billion T408 engine deal and plans to invest over $1 billion in U.S. manufacturing. Zacks rates GE a Buy and Textron a Hold.
Textron Gains on Strong Aviation and Defense Demand
Textron is benefiting from robust demand for business jets and defense programs, supporting long-term growth. The company’s Aviation segment sees strong orders and aftermarket services, with several aircraft models sold out for years, providing good revenue visibility. Its defense business is backed by steady execution on key military programs and healthy backlogs at Bell and Textron Systems. However, supply-chain constraints, particularly engine availability, and labor shortages may pressure near-term performance. Shares of Textron have gained 10.9% over the past year, outperforming the industry’s 1.3% growth.
Textron Stock Underperforms S&P 500 Over Three Months
Textron Inc. stock has underperformed the S&P 500 Index over the past three months. The stock slipped 7.3% from its 52-week high of $101.57 reached on February 18, and is up 2.9% over the past three months, compared with the S&P 500's 11.9% rise during the same period. Over the past 52 weeks, Textron gained 22.5% while the S&P 500 returned 25.6%. The company reported first-quarter 2026 revenue of $3.7 billion and adjusted earnings per share of $1.45, both exceeding Wall Street estimates, and expects full-year earnings between $6.40 and $6.60 per share. Wall Street analysts have a consensus Moderate Buy rating on the stock with a mean price target of $103.20, implying an 8.8% upside from current levels.