Investment Thesis
Textron (TXT) is a renowned name in the aerospace and defense industry. It operates five segments: aviation, bell, systems, industrial and finance. The firm has a posted 4%+ average in sales growth for the last five years, along with good fundamentals. In its latest quarter, revenue was up in the aviation, bell and industrial segments which was partially offset by from lower revenues in systems segment.
Recently Textron and Boeing was awarded a $4.2 billion contract by DoD beginning in 2020 to deliver 58 units of V-22 aircraft, of which $2.2