Intrinsic value of Textron - TXT

Previous Close

$66.99

  Intrinsic Value

$35.02

stock screener

  Rating & Target

sell

-48%

Previous close

$66.99

 
Intrinsic value

$35.02

 
Up/down potential

-48%

 
Rating

sell

We calculate the intrinsic value of TXT stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 17.6

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  3.00
  3.20
  3.38
  3.54
  3.69
  3.82
  3.94
  4.04
  4.14
  4.23
  4.30
  4.37
  4.44
  4.49
  4.54
  4.59
  4.63
  4.67
  4.70
  4.73
  4.76
  4.78
  4.80
  4.82
  4.84
  4.86
  4.87
  4.88
  4.90
  4.91
Revenue, $m
  14,624
  15,092
  15,602
  16,155
  16,750
  17,390
  18,075
  18,806
  19,584
  20,411
  21,290
  22,221
  23,206
  24,248
  25,350
  26,513
  27,740
  29,035
  30,399
  31,837
  33,352
  34,946
  36,625
  38,391
  40,249
  42,204
  44,260
  46,421
  48,694
  51,083
Variable operating expenses, $m
  13,505
  13,930
  14,393
  14,894
  15,435
  16,015
  16,637
  17,300
  18,006
  18,757
  19,317
  20,162
  21,056
  22,002
  23,001
  24,057
  25,170
  26,345
  27,583
  28,888
  30,262
  31,708
  33,231
  34,834
  36,520
  38,294
  40,159
  42,120
  44,182
  46,350
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  13,505
  13,930
  14,393
  14,894
  15,435
  16,015
  16,637
  17,300
  18,006
  18,757
  19,317
  20,162
  21,056
  22,002
  23,001
  24,057
  25,170
  26,345
  27,583
  28,888
  30,262
  31,708
  33,231
  34,834
  36,520
  38,294
  40,159
  42,120
  44,182
  46,350
Operating income, $m
  1,119
  1,162
  1,209
  1,260
  1,316
  1,375
  1,438
  1,506
  1,578
  1,655
  1,972
  2,059
  2,150
  2,247
  2,349
  2,456
  2,570
  2,690
  2,817
  2,950
  3,090
  3,238
  3,393
  3,557
  3,729
  3,910
  4,101
  4,301
  4,511
  4,733
EBITDA, $m
  1,858
  1,917
  1,982
  2,052
  2,128
  2,209
  2,296
  2,389
  2,488
  2,593
  2,705
  2,823
  2,948
  3,081
  3,221
  3,368
  3,524
  3,689
  3,862
  4,045
  4,237
  4,440
  4,653
  4,878
  5,114
  5,362
  5,623
  5,898
  6,187
  6,490
Interest expense (income), $m
  164
  211
  227
  244
  263
  283
  305
  329
  354
  381
  410
  440
  472
  507
  543
  582
  622
  665
  710
  758
  808
  861
  917
  976
  1,038
  1,103
  1,171
  1,243
  1,319
  1,399
  1,482
Earnings before tax, $m
  907
  935
  965
  997
  1,032
  1,070
  1,109
  1,152
  1,197
  1,245
  1,532
  1,586
  1,643
  1,704
  1,767
  1,834
  1,905
  1,980
  2,059
  2,142
  2,229
  2,321
  2,418
  2,519
  2,626
  2,739
  2,857
  2,982
  3,113
  3,250
Tax expense, $m
  245
  252
  261
  269
  279
  289
  300
  311
  323
  336
  414
  428
  444
  460
  477
  495
  514
  535
  556
  578
  602
  627
  653
  680
  709
  740
  771
  805
  840
  878
Net income, $m
  662
  683
  705
  728
  754
  781
  810
  841
  874
  909
  1,119
  1,158
  1,200
  1,244
  1,290
  1,339
  1,391
  1,445
  1,503
  1,563
  1,627
  1,694
  1,765
  1,839
  1,917
  1,999
  2,086
  2,177
  2,272
  2,373

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  15,793
  16,298
  16,849
  17,446
  18,089
  18,780
  19,519
  20,308
  21,149
  22,043
  22,991
  23,996
  25,061
  26,186
  27,376
  28,632
  29,957
  31,355
  32,829
  34,381
  36,017
  37,739
  39,552
  41,459
  43,466
  45,577
  47,797
  50,131
  52,585
  55,165
Adjusted assets (=assets-cash), $m
  15,793
  16,298
  16,849
  17,446
  18,089
  18,780
  19,519
  20,308
  21,149
  22,043
  22,991
  23,996
  25,061
  26,186
  27,376
  28,632
  29,957
  31,355
  32,829
  34,381
  36,017
  37,739
  39,552
  41,459
  43,466
  45,577
  47,797
  50,131
  52,585
  55,165
Revenue / Adjusted assets
  0.926
  0.926
  0.926
  0.926
  0.926
  0.926
  0.926
  0.926
  0.926
  0.926
  0.926
  0.926
  0.926
  0.926
  0.926
  0.926
  0.926
  0.926
  0.926
  0.926
  0.926
  0.926
  0.926
  0.926
  0.926
  0.926
  0.926
  0.926
  0.926
  0.926
Average production assets, $m
  5,031
  5,192
  5,367
  5,557
  5,762
  5,982
  6,218
  6,469
  6,737
  7,022
  7,324
  7,644
  7,983
  8,341
  8,720
  9,120
  9,543
  9,988
  10,457
  10,952
  11,473
  12,022
  12,599
  13,207
  13,846
  14,518
  15,225
  15,969
  16,751
  17,572
Working capital, $m
  3,027
  3,124
  3,230
  3,344
  3,467
  3,600
  3,741
  3,893
  4,054
  4,225
  4,407
  4,600
  4,804
  5,019
  5,247
  5,488
  5,742
  6,010
  6,293
  6,590
  6,904
  7,234
  7,581
  7,947
  8,332
  8,736
  9,162
  9,609
  10,080
  10,574
Total debt, $m
  4,200
  4,519
  4,867
  5,245
  5,651
  6,088
  6,555
  7,054
  7,585
  8,150
  8,749
  9,385
  10,057
  10,769
  11,520
  12,314
  13,152
  14,035
  14,967
  15,948
  16,982
  18,070
  19,216
  20,421
  21,689
  23,024
  24,427
  25,902
  27,453
  29,083
Total liabilities, $m
  9,981
  10,300
  10,648
  11,026
  11,432
  11,869
  12,336
  12,835
  13,366
  13,931
  14,530
  15,166
  15,838
  16,550
  17,301
  18,095
  18,933
  19,816
  20,748
  21,729
  22,763
  23,851
  24,997
  26,202
  27,470
  28,805
  30,208
  31,683
  33,234
  34,864
Total equity, $m
  5,812
  5,998
  6,200
  6,420
  6,657
  6,911
  7,183
  7,473
  7,783
  8,112
  8,461
  8,831
  9,222
  9,636
  10,074
  10,536
  11,024
  11,539
  12,081
  12,652
  13,254
  13,888
  14,555
  15,257
  15,995
  16,772
  17,589
  18,448
  19,351
  20,301
Total liabilities and equity, $m
  15,793
  16,298
  16,848
  17,446
  18,089
  18,780
  19,519
  20,308
  21,149
  22,043
  22,991
  23,997
  25,060
  26,186
  27,375
  28,631
  29,957
  31,355
  32,829
  34,381
  36,017
  37,739
  39,552
  41,459
  43,465
  45,577
  47,797
  50,131
  52,585
  55,165
Debt-to-equity ratio
  0.720
  0.750
  0.790
  0.820
  0.850
  0.880
  0.910
  0.940
  0.970
  1.000
  1.030
  1.060
  1.090
  1.120
  1.140
  1.170
  1.190
  1.220
  1.240
  1.260
  1.280
  1.300
  1.320
  1.340
  1.360
  1.370
  1.390
  1.400
  1.420
  1.430
Adjusted equity ratio
  0.368
  0.368
  0.368
  0.368
  0.368
  0.368
  0.368
  0.368
  0.368
  0.368
  0.368
  0.368
  0.368
  0.368
  0.368
  0.368
  0.368
  0.368
  0.368
  0.368
  0.368
  0.368
  0.368
  0.368
  0.368
  0.368
  0.368
  0.368
  0.368
  0.368

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  662
  683
  705
  728
  754
  781
  810
  841
  874
  909
  1,119
  1,158
  1,200
  1,244
  1,290
  1,339
  1,391
  1,445
  1,503
  1,563
  1,627
  1,694
  1,765
  1,839
  1,917
  1,999
  2,086
  2,177
  2,272
  2,373
Depreciation, amort., depletion, $m
  739
  756
  773
  792
  813
  835
  858
  883
  910
  939
  732
  764
  798
  834
  872
  912
  954
  999
  1,046
  1,095
  1,147
  1,202
  1,260
  1,321
  1,385
  1,452
  1,523
  1,597
  1,675
  1,757
Funds from operations, $m
  1,402
  1,438
  1,478
  1,520
  1,566
  1,615
  1,668
  1,724
  1,784
  1,847
  1,851
  1,922
  1,998
  2,078
  2,162
  2,251
  2,345
  2,444
  2,549
  2,659
  2,774
  2,896
  3,025
  3,160
  3,302
  3,451
  3,608
  3,774
  3,947
  4,130
Change in working capital, $m
  88
  97
  106
  114
  123
  132
  142
  151
  161
  171
  182
  193
  204
  216
  228
  241
  254
  268
  282
  298
  313
  330
  347
  366
  385
  405
  426
  447
  470
  494
Cash from operations, $m
  1,314
  1,341
  1,372
  1,406
  1,443
  1,483
  1,526
  1,573
  1,623
  1,676
  1,669
  1,730
  1,794
  1,862
  1,934
  2,010
  2,091
  2,176
  2,266
  2,361
  2,461
  2,566
  2,677
  2,794
  2,917
  3,047
  3,183
  3,326
  3,477
  3,636
Maintenance CAPEX, $m
  -489
  -503
  -519
  -537
  -556
  -576
  -598
  -622
  -647
  -674
  -702
  -732
  -764
  -798
  -834
  -872
  -912
  -954
  -999
  -1,046
  -1,095
  -1,147
  -1,202
  -1,260
  -1,321
  -1,385
  -1,452
  -1,523
  -1,597
  -1,675
New CAPEX, $m
  -141
  -161
  -175
  -190
  -205
  -220
  -236
  -251
  -268
  -285
  -302
  -320
  -339
  -359
  -379
  -400
  -422
  -445
  -469
  -495
  -521
  -549
  -577
  -608
  -639
  -672
  -707
  -744
  -782
  -822
Cash from investing activities, $m
  -630
  -664
  -694
  -727
  -761
  -796
  -834
  -873
  -915
  -959
  -1,004
  -1,052
  -1,103
  -1,157
  -1,213
  -1,272
  -1,334
  -1,399
  -1,468
  -1,541
  -1,616
  -1,696
  -1,779
  -1,868
  -1,960
  -2,057
  -2,159
  -2,267
  -2,379
  -2,497
Free cash flow, $m
  684
  677
  677
  679
  682
  687
  693
  700
  708
  718
  665
  677
  690
  705
  721
  738
  757
  777
  798
  821
  845
  870
  898
  927
  957
  990
  1,024
  1,060
  1,098
  1,139
Issuance/(repayment) of debt, $m
  288
  319
  348
  377
  407
  437
  467
  499
  531
  565
  599
  635
  673
  711
  752
  794
  838
  883
  931
  981
  1,034
  1,088
  1,146
  1,206
  1,268
  1,334
  1,403
  1,475
  1,551
  1,630
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  288
  319
  348
  377
  407
  437
  467
  499
  531
  565
  599
  635
  673
  711
  752
  794
  838
  883
  931
  981
  1,034
  1,088
  1,146
  1,206
  1,268
  1,334
  1,403
  1,475
  1,551
  1,630
Total cash flow (excl. dividends), $m
  971
  997
  1,026
  1,056
  1,089
  1,123
  1,160
  1,199
  1,239
  1,283
  1,264
  1,312
  1,363
  1,417
  1,473
  1,532
  1,594
  1,660
  1,729
  1,802
  1,878
  1,959
  2,043
  2,132
  2,226
  2,324
  2,427
  2,535
  2,649
  2,769
Retained Cash Flow (-), $m
  -165
  -186
  -203
  -220
  -237
  -254
  -272
  -290
  -309
  -329
  -349
  -370
  -392
  -414
  -438
  -462
  -488
  -514
  -542
  -571
  -602
  -634
  -667
  -702
  -739
  -777
  -817
  -859
  -903
  -949
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  807
  811
  823
  837
  852
  869
  888
  908
  930
  954
  915
  942
  971
  1,002
  1,035
  1,070
  1,107
  1,146
  1,187
  1,230
  1,276
  1,325
  1,376
  1,430
  1,487
  1,547
  1,610
  1,676
  1,746
  1,820
Discount rate, %
  4.80
  5.04
  5.29
  5.56
  5.83
  6.13
  6.43
  6.75
  7.09
  7.45
  7.82
  8.21
  8.62
  9.05
  9.50
  9.98
  10.48
  11.00
  11.55
  12.13
  12.74
  13.37
  14.04
  14.74
  15.48
  16.25
  17.07
  17.92
  18.82
  19.76
PV of cash for distribution, $m
  770
  735
  705
  674
  642
  608
  574
  538
  502
  465
  400
  366
  332
  298
  265
  234
  203
  175
  149
  125
  103
  84
  67
  53
  41
  31
  23
  17
  12
  8
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Textron Inc. 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. The Bell segment supplies military helicopters and support to the United States Government and to military customers outside the United States. The Textron Systems segment is a supplier to the defense, aerospace and general aviation markets. The Industrial segment designs and manufactures a range of products within three product lines: fuel systems and functional components, specialized vehicles and equipment, and tools and test equipment. The Finance segment is a commercial finance business that consists of Textron Financial Corporation (TFC) and its subsidiaries.

FINANCIAL RATIOS  of  Textron (TXT)

Valuation Ratios
P/E Ratio 18.8
Price to Sales 1.3
Price to Book 3.2
Price to Tangible Book
Price to Cash Flow 17.9
Price to Free Cash Flow 32
Growth Rates
Sales Growth Rate 2.7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 6.2%
Cap. Spend. - 3 Yr. Gr. Rate 0.1%
Financial Strength
Quick Ratio 4
Current Ratio 0.1
LT Debt to Equity 63.5%
Total Debt to Equity 70%
Interest Coverage 6
Management Effectiveness
Return On Assets 7.4%
Ret/ On Assets - 3 Yr. Avg. 6.3%
Return On Total Capital 10.5%
Ret/ On T. Cap. - 3 Yr. Avg. 8.4%
Return On Equity 18.3%
Return On Equity - 3 Yr. Avg. 15.7%
Asset Turnover 0.9
Profitability Ratios
Gross Margin 18%
Gross Margin - 3 Yr. Avg. 18%
EBITDA Margin 10.8%
EBITDA Margin - 3 Yr. Avg. 11.4%
Operating Margin 7.6%
Oper. Margin - 3 Yr. Avg. 7.9%
Pre-Tax Margin 6.4%
Pre-Tax Margin - 3 Yr. Avg. 6.6%
Net Profit Margin 7%
Net Profit Margin - 3 Yr. Avg. 5.5%
Effective Tax Rate 3.8%
Eff/ Tax Rate - 3 Yr. Avg. 20.3%
Payout Ratio 2.3%

TXT stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the TXT stock intrinsic value calculation we used $14198 million for the last fiscal year's total revenue generated by Textron. The default revenue input number comes from 2017 income statement of Textron. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our TXT stock valuation model: a) initial revenue growth rate of 3% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.8%, whose default value for TXT is calculated based on our internal credit rating of Textron, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Textron.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of TXT stock the variable cost ratio is equal to 92.4%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for TXT stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Textron.

Corporate tax rate of 27% is the nominal tax rate for Textron. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the TXT stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for TXT are equal to 34.4%.

Life of production assets of 10 years is the average useful life of capital assets used in Textron operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for TXT is equal to 20.7%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $5647 million for Textron - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 263 million for Textron is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Textron at the current share price and the inputted number of shares is $17.6 billion.

RELATED COMPANIES Price Int.Val. Rating
LMT Lockheed Marti 319.60 116.61  str.sell
BA Boeing 355.33 39.85  str.sell
SPR Spirit AeroSys 90.10 57.14  sell
ERJ Embraer ADR 21.72 4.02  str.sell
AVAV AeroVironment 74.94 6.50  str.sell

COMPANY NEWS

▶ Breaking down the big defense contracts awarded to DFW companies this year   [Jul-19-18 02:16PM  American City Business Journals]
▶ Textron chief hopes for Cessna Citation Longitude certification in Q3   [02:55PM  American City Business Journals]
▶ Textron Q2 Earnings Preview   [Jul-17-18 04:22PM  Benzinga]
▶ Heres why Textron isnt taking the Scorpion jet to Farnborough   [Jul-13-18 02:52PM  American City Business Journals]
▶ Wichita contingent readies for Farnborough International Airshow   [Jul-12-18 02:52PM  American City Business Journals]
▶ Is It Too Late To Buy Textron Inc (NYSE:TXT)?   [03:41PM  Simply Wall St.]
▶ Bell announces which aerospace giant will help produce its urban air taxi   [Jun-20-18 07:52AM  American City Business Journals]
▶ Wichitas Shuttle Aerospace to relocate, expand and hire   [Jun-19-18 01:57PM  American City Business Journals]
▶ Textron to Release Second Quarter Results on July 18, 2018   [Jun-01-18 12:30PM  Business Wire]
▶ Textron Aviation ends production of diesel-powered Cessna Skyhawk   [May-14-18 02:18PM  American City Business Journals]
▶ Slideshow: The most popular general aviation aircraft in Q1   [May-11-18 02:41PM  American City Business Journals]
▶ This Type Of Plane Could Help The U.S. Gain More Allies: Air Force   [May-07-18 04:09PM  Investor's Business Daily]
▶ Safran says it's optimizing engine for Textron Aviation's suspended Hemisphere program   [Apr-30-18 03:30PM  American City Business Journals]
▶ Textron Declares Quarterly Dividend   [Apr-25-18 10:45AM  Business Wire]
▶ It's Not Too Late to Buy Textron   [07:21AM  Motley Fool]
▶ Tax reform boosts manufacturing optimism   [Apr-20-18 12:03PM  American City Business Journals]
▶ Benzinga's Top Analyst Calls For April 19, 2018   [Apr-19-18 01:44PM  Benzinga]
▶ Company News For Apr 19, 2018   [10:40AM  Zacks]
▶ Textron: 1Q Earnings Snapshot   [06:39AM  Associated Press]
▶ Textron Inc. to Host Earnings Call   [06:00AM  ACCESSWIRE]
▶ Should You Buy Textron (TXT) Ahead of Earnings?   [Apr-17-18 08:55AM  Zacks]
▶ Report: Textron Aviation could be ending Citation X+ production   [Mar-29-18 03:41PM  American City Business Journals]
▶ Does Textron Incs (NYSE:TXT) Debt Level Pose A Problem?   [Mar-23-18 06:48PM  Simply Wall St.]
▶ Textron to Release First Quarter Results on April 18, 2018   [Mar-19-18 11:00AM  Business Wire]
▶ [$$] B.F. Bev Dolan Rode a Golf Car All the Way to the Top Job at Textron   [Mar-09-18 11:05PM  The Wall Street Journal]
▶ Nvidia, Intel, Textron, Diamondback Energy & Target   [Mar-05-18 01:17PM  CNBC Videos]
▶ Textron Declares Quarterly Dividend   [Feb-28-18 01:50PM  Business Wire]
▶ Bell Helicopter has a new name, logo   [Feb-22-18 03:05PM  American City Business Journals]
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.