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 Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 09.26.16

Airborne 09.27.16

Airborne 09.21.16

Airborne 09.22.16

Airborne 09.23.16

Airborne Hi-Def On YouTube

Airborne 09.26.16

Airborne 09.27.16

Airborne 09.21.16

Airborne 09.22.16

Airborne 09.23.16

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

AeroSports: EAA Surpasses 200,000 Members

The Association Continues To Grow And Engage Flying Enthusiasts EAA has reached a major milestone, as the association has surpassed 200,000 members. It appears that more and more p>[...]

Klyde Morris (09.26.16)

Klyde Can't Miss The 'TSA Obnoxious Olympics' FMI: www.klydemorris.com>[...]

Airborne 09.23.16: GA Pilot Sues SFO, Drone Legalities, EAA Hall Of Fame

Also: Zenith Open Hangar Days, KSMO Nonsense, Recalled Devices, Piper M600, 800th TBM, NASAO, Commercial Space The pilot of the last piston airplane based at San Francisco Internat>[...]

Aero-News: Quote of the Day (09.26.16)

"At this stage of the investigation, preliminary review of the data and debris suggests that a large breach in the cryogenic helium system of the second stage liquid oxygen tank to>[...]

SpaceX On Track To Determining AMOS-6/Falcon 9 Accident Cause

'Anomaly' Resulted In Loss of Rocket, Payload and Extensive Launch Complex Damage As promised, SpaceX is starting to reveal details of their investigation into the catastrophic los>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC