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Backlog by Segment
Value of unfilled orders for each business unit, indicating how much revenue is already contracted but not yet recognized. For Textron, large backlogs in aircraft, helicopter, and defense programs provide multi‑year revenue visibility; rising backlog signals strong demand and future earnings, while shrinking or concentrated backlog raises execution and customer-concentration risk.Backlogs across Aviation, Bell and Systems are at multi‑year highs, giving clear revenue visibility and supporting Textron’s push to become a pure‑play aerospace & defense; however, the story is one of de‑risked demand but execution and funding risk. Aviation backlog is strong but conversion is hampered by manufacturing inefficiency and delivery mix, reducing near‑term cash and margins; Bell’s backlog hinges on timely MV‑75 funding—management warns missing ATR would shave adjusted EPS by ~$0.20–$0.30 and cut manufacturing cash flow materially—while Systems’ awards bolster longer‑term profit potential.
Date | Textron Aviation | Bell | Textron Systems |
|---|---|---|---|
Jun 30, 2026 | $8.03B | $7.54B | $3.35B |
Mar 31, 2026 | $8.00B | $7.60B | $3.56B |
Dec 31, 2025 | $7.72B | $7.79B | $3.30B |
Sep 30, 2025 | $7.74B | $8.23B | $3.17B |
Jun 30, 2025 | $7.85B | $6.88B | $2.19B |
Mar 31, 2025 | $7.87B | $7.05B | $2.32B |
Dec 31, 2024 | $7.84B | $7.47B | $2.59B |
Sep 30, 2024 | $7.63B | $6.50B | $1.87B |
Jun 30, 2024 | $7.46B | $4.24B | $1.71B |
Mar 31, 2024 | $7.35B | $4.55B | $1.82B |