Textron Inc. (Textron) is engaged in aircraft, defense, industrial and finance businesses, providing a range of products and services around the world. Company operates its business through five segments: Textron Aviation, Bell, Textron Systems, Industrial, and Finance.
Textron aviation segment is engaged in manufacturing, selling and servicing Beechcraft and Cessna aircraft, and services the Hawker brand of business jets. Its primary product lines include aircraft and aftermarket. Textron aviation segment’s aftermarket includes sales of business jets, turboprop aircraft, piston engine aircraft, and military trainer and defense aircraft.
Company Bell segment supplies military and commercial helicopters, tiltrotor aircraft, and related spare parts and services in the world. Textron systems provides unmanned systems, marine and land systems, and simulation, training and other defense and aviation mission support products and services. Company’s industrial segment designs and manufactures a variety of products within three principal product lines: fuel systems and functional components, specialized vehicles, and tools and test equipment. Textron offers financing primarily to purchasers of new and pre-owned Textron Aviation aircraft and Bell helicopters through its finance business segment.
For the fiscal year ended December 2017, company’s revenues increased $410 million or 3%, compared with 2016. This growth was largely driven by increases in the Industrial, Textron Systems and Bell segments.
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