aerospace & defense · Cessna jets & Bell helicopters
Textron
Textron is a US aerospace-and-defense conglomerate built on two pillars — Cessna business jets (Aviation) and Bell helicopters. FY2025 revenue was about $14.8B across four segments: Aviation $5.96B, Bell $4.28B, Industrial $3.21B and Systems $1.25B. The growth trigger is Bell's V-280 Valor winning the US Army's next-generation helicopter (FLRAA/MV-75) in 2022 — a ~$1.3B initial EMD award with ~$70B of potential program value opening decades of revenue. US government sales at ~27% give defense stability, while large fleet customers like NetJets anchor the commercial cycle.
TXT Updated Sep 11, 2026 4 AI consumers· 3 recurring
Per the valuechain.wiki graph, Textron is directly linked to 3 companies (2 supply, 1 revenue relationships) and reaches 14 companies within two hops; the links are backed by 8 dated sources, 3 of them primary filings (as of 2026-09-11).
Financials & Segments
- Total revenue · ~$14.8B (FY2025)
- Customer concentration · US government ~27% of 2025 revenue; FLRAA (MV-75) drives Bell growth.
- Segments · Textron Aviation ($5.96B) · Bell ($4.28B) · Systems ($1.25B) · Industrial ($3.21B)
Revenue from
- 미 육군 (FLRAA·MV-75) High confidence· contract $1.3B · EMD 초기 계약 · potential program value ~$70B (CRS)
Bell's V-280 Valor won FLRAA in Dec 2022 (MV-75): ~$1.3B initial EMD award, ~$70B potential program value; the main driver of Bell's higher 2025 military revenue. US government overall is 27% of consolidated revenue.Confirms EN Congressional Research Service Published Jun 1, 2025: Future Long-Range Assault Aircraft (FLRAA) - FedEx High confidence· Count 11 aircraft · as of 2026-05-31 · Committed Cessna SkyCourier 408 purchases as of May 31, 2026
Textron supplies Cessna SkyCourier 408 aircraft through its subsidiary Textron Aviation to FedEx for feeder routes serving smaller markets, with commitments for 11 additional aircraft as of May 31, 2026.Confirms EN Textron Aviation Published May 9, 2022: Textron Aviation celebrates first delivery of the new Cessna SkyCourier to launch customer FedEx Express - NetJets (버크셔 해서웨이) Medium confidence
Citation fleet customer: options for up to 175 Longitudes and 150 Hemispheres, worth nearly $10B if fully exercised (2018).Confirms EN FLYING Magazine Published Oct 15, 2018: NetJets inks massive deal for Cessna Citation jets
Pays to
- Garmin Medium confidence
Offers all-Garmin avionics retrofits (STC) for Cessna Citation jets, sourcing Garmin systems.Confirms EN Textron Aviation Published Aug 5, 2025: Textron Aviation announces Garmin avionics upgrade for Cessna Citation - 프랫앤휘트니 캐나다 (RTX) Medium confidence
Turboprop engine supplier for Cessna SkyCourier (PT6A-65SC) and Caravan (PT6A); PR-based, not in the 10-K.Confirms EN GlobeNewswire (P&WC) Published Nov 28, 2017: P&WC to power Textron Aviation's SkyCourier
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| W. W. Grainger | lead2 | +28.8 | +8.7 | +50.5 | +28.2 | -3.4 | +32 |
| Amazon | lead2 | +2.4 | -49.6 | +80.9 | +44.4 | +5.2 | +12 |
| AutoZone | lead2 | +76.8 | +17.6 | +4.8 | +23.8 | +5.9 | -12 |
| FedEx | lead1 | +0.7 | -31.6 | +49.1 | +13.5 | +5.1 | +39.6 |
| Textron | node | +59.9 | -8.2 | +13.7 | -4.8 | +14.1 | -9.3 |
| Garmin | benef1 | +15.9 | -30.2 | +43.1 | +63.3 | -0.1 | +37.7 |
| RTX | benef1 | +23.3 | +20 | -14.4 | +40.8 | +61.4 | +10.7 |
| Iridium Communications | benef2 | +5 | +24.5 | -19.1 | -28.1 | -38.5 | +174.2 |
| MDA Space | benef2 | · | -32.6 | +80 | +156.3 | -9.8 | +53.3 |
| Howmet Aerospace | benef2 | +11.7 | +24.2 | +37.8 | +102.7 | +88 | +26.7 |
| Mercury Systems | benef2 | -37.5 | -18.7 | -18.3 | +14.8 | +73.8 | +12.9 |
| Northrop Grumman | benef2 | +29.3 | +43 | -12.8 | +1.9 | +23.6 | -8.6 |
| L3Harris | benef2 | +15 | -0.5 | +3.7 | +1.9 | +42.3 | -12 |
| Avio | benef2 | -9.9 | -4.7 | -17.1 | +98.4 | +117 | -18.3 |
| Hanwha Aerospace | benef2 | +19.3 | +70.4 | +74.3 | +163.6 | +227.6 | -18.8 |
YTD as of 2026-09-04 · source: Yahoo Finance
Textron operates across S&P 500, aerospace & defense, Cessna jets & Bell helicopters. It is -9.3% in 2026. The supply side (avg +24.2%) leads the stock (-9.3%), with spending rippling down to suppliers first. Among connected nodes the furthest ahead is Garmin (+37.7%) and the furthest behind is RTX (+10.7%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. US government sales at ~27% give defense stability, while large fleet customers like NetJets anchor the commercial cycle.
Analysis generated from returns as of 2026-09-04