Textron Inc (TXT, rated BUY)
Posted on July 14, 2008 at 03:05 AM EDT
Analysts' Recommendation: Buy 30 Days Ago: Buy Analysts' Target: $68 Analysts' Targets UBS Securities $68 Add Friday, January 25, 2008 Textron, Inc. operates in the aircraft, industrial, and finance industries worldwide. It operates through four segments: Bell, Cessna, Industrial, and Finance. The Bell segment manufactures and supplies helicopters, tiltrotor aircraft, and helicopter-related spare parts and services for both military and commercial applications. It also manufactures precision weapons; airborne and ground-based surveillance systems; intelligence and situational awareness software; armored vehicles and turrets; reciprocating piston aircraft engines; and aircraft and missile control actuators, valves, and related components for the defense, aerospace, and general aviation markets. The Cessna segment manufactures general aviation aircraft, such as business jets, single engine turboprops, and single engine piston aircraft, as well as provides aftermarket services. The Industrial segment designs and manufactures blow-molded fuel systems and other blow-molded parts primarily for automobile original equipment manufacturers. It offers metal fuel fillers and engine camshafts for the automotive market; bottles and plastic containers for food, household, laboratory and industrial uses; and blow-molded fuel systems for the all-terrain vehicle and watercraft markets. This segment also designs and manufactures products related to gear technologies, industrial pumps, polymer systems, and hydraulics; powered equipment, electrical test and measurement instruments, hand and hydraulic powered tools; golf cars and off-road utility vehicles powered by electric and internal combustion engines; and turf-maintenance equipment and turf-care vehicles. The Finance segment provides aircraft finance, asset-based lending, distribution finance, golf finance, resort finance, and structured capital. The company sells its products through a network of sales representatives, distributors, and authorized independent sales representatives. Textron was founded in 1923 and is based in Providence, the Rhode Island.