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 10.17.14 ** HD iPad-Friendly -- Airborne 10.17.14 **
** Airborne 10.15.14 ** HD iPad-Friendly -- Airborne 10.15.14 **
** Airborne 10.13.14 ** HD iPad-Friendly -- Airborne 10.13.14 **

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 10.17.14: Enstrom Delivers, Flight School Scandal, NBAA2014

Also: Rare O-46 Rebuild, Valor Unveiled, OK's Anti-Fly-In Airport, FAA Screw-Ups, The first Enstrom Model 480B-G has been delivered to Rick Boswell of New Hampshire with the Garmin>[...]

ANN's Daily Aero-Linx (10.19.14)

Aero Linx: The North American Trainer Association (NATA) The North American Trainer Association (NATA) is an independent, non-profit corporation dedicated to the restoration and sa>[...]

FANS 1/A Available For Bombardier Challenger 604 Business Jet Operators

Upgrade From Rockwell Collins Builds On Current FMS Rockwell Collins is now offering Future Airspace Navigation System (FANS) 1/A capability for Bombardier’s Challenger 604 a>[...]

NASA Mission Provides Its First Look At Martian Upper Atmosphere

MAVEN Spacecraft Shows Comprehensive Map Of Highly-Variable Ozone NASA's Mars Atmosphere and Volatile Evolution (MAVEN) spacecraft has provided scientists their first look at a sto>[...]

DOD Awards Satellite Contract To Sierra Nevada Corporation

Four Scientific Payloads To Extend Understanding Of The Space Environment The U.S. Department of Defense (DOD) has awarded a contract to Sierra Nevada Space Systems to develop and >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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