Textron May Shed Some Businesses In Reorganization | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne 10.29.14 ** HD iPad-Friendly -- Airborne 10.29.14 **
** Airborne 10.27.14 ** HD iPad-Friendly -- Airborne 10.27.14 **
** Airborne/NBAA2014 10.24.14 ** HD iPad-Friendly -- Airborne/NBAA2014 10.24.14 **

Sat, Jan 14, 2012

Textron May Shed Some Businesses In Reorganization

Unclear Which Divisions Might Be Spun Off The Company

Textron has begun a strategic review of its business areas, which includes Cessna aircraft, Lycoming engines, and Bell Helicopter.

While the company is playing any reorganization very close to the vest, CEO Scott Donnelly has said historically that the company has no interest in divesting its self of Cessna, according to a report in the Wichita Eagle. Donnelly made that statement in 2009.

The review comes as investors are generally bringing pressure on companies which do not perform to expectations, and defense analyst Loren Thompson with the Lexington Institute told the Eagle that Textron has underperformed the S&P 500 Index. She said that means management must respond even if they think such tactics as divesting business units are a bad idea.

Textron would be likely keep Cessna and Bell, the latter because of its V-22 program which fills a unique niche in the defense department. But Thompson said that if the financial and management structure of the company shifts significantly, research and investment in weapons systems might be "constrained."

Textron has not set a date for the completion of its management review.

FMI: www.textron.com

Advertisement

More News

Airborne 10.29.14: Antares Launch Failure, GAMA Responds, Another 'Roadable'???

Also: Dragon Returns, Quadcopter Flown At Airliner?, Classic Aero-TV: Redhawk, Diesel Flt School Airplanes, WWII Bomber Found The unmanned Antares rocket built by Orbital Science C>[...]

Classic Aero-TV: ‘Have it Your Way!’ – The SPA Panther

A New Single-Seat SportPlane Shows Great Potential For Serious Fun While at the Sport Aviation Expo 2014, ANN CEO and Editor-In-Chief, Jim Campbell stopped by to talk with Dan Wese>[...]

AD: Bombardier, Inc. Airplanes

AD NUMBER: 2014-21-07 PRODUCT: Certain Bombardier, Inc. Model CL-600-2C10 (Regional Jet Series 700, 701, & 702) airplanes, Model CL-600-2D24 (Regional Jet Series 900) airplanes>[...]

AD: Airbus Airplanes

AD NUMBER: 2014-21-10 PRODUCT: Certain Airbus Model A330-200 and -300 series airplanes, and Model A340-200 and -300 series airplanes.>[...]

ANN's Daily Aero-Linx (10.31.14)

Ex-MACs This group is made of retired McDonnell Engineers, most of whom began their careers at MAC either on the F101, F3H or F4H programs.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC