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

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne-Unmanned w/AUVSI

Airborne On ANN

AMA 08.10.17

Airborne 08.14.17

Airborne 08.15.17

Airborne 08.16.17

Airborne 08.17.17

Airborne 08.11.17

Airborne-Unmanned 08.15.17

Airborne-YouTube

AMA 08.10.17

Airborne 08.14.17

Airborne 08.15.17

Airborne 08.16.17

Airborne 08.17.17

Airborne 08.11.17

Airborne-Unmanned 08.15.17

NEW!!! 2017 AirVenture Innovation Preview -- YouTube Presentation / Vimeo Presentation

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

AMA Drone Report 08.10.17: AMA Gov't Outreach, Nat'l Model Av Day, Lego Drones

Also: Volaero Tracks Pythons, Army v DJI, Snap Acquiring Drone?, Orlando Backs Down There’s no rest for the folks at AMA that deal with the politics that comes with flying ho>[...]

RFP: ANN Seeking New Site/Facility For Major Studio Upgrade

It's Official: Aggressive Upgrades For New Airborne Programs WILL Require New Digs It's been in development for years, but we're getting to a point where we think we can pull off s>[...]

Airborne-Unmanned 08.15.17: Reno Drone Races, DoD CrackDown, Blue Angels v UAV?

Also: Kansas DOT-AirMap, CIRRUAS Drone Program, Daytona Beach PD UAS, Virginia UAS SAR The Reno Air Racing Association has signed an agreement with the MultiGP Drone Racing League >[...]

Airborne 08.16.17: Skydive Myrtle Beach Update, WWII Mosquito, USMC Op Reset

Also: New Legend, FAA’s Earl Lawrence, NFL 767s, Boeing Board, Singapore Airlines, NE Drones, Stuart Jet Ctr Horry County, SC government officials have has reversed their sto>[...]

Airborne 08.15.17: Lycoming AD, Reno Drone Racing!, Santa Monica NIMBYs

Also: Icon A5 Accident, Aero-Calendar, Land Remote Sensing, Storm Aviation, Frontier, World Helicopter Day, Hubble The FAA has issued an Airworthiness Directive (AD) for the connec>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC