Analyst Note
| Burkett Huey, CFA |After a strong finish to difficult fiscal 2020, we will increase our fair value estimate by about 3% to $39 due to an improved outlook for private jet sales and stronger margins in Textron Systems.
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After a strong finish to difficult fiscal 2020, we will increase our fair value estimate by about 3% to $39 due to an improved outlook for private jet sales and stronger margins in Textron Systems.
Textron is a conglomerate that designs, manufactures, and services specialty aircraft for various end markets, but the company also has several unrelated businesses. The firm’s aviation segment manufactures and services Cessna and Beechcraft business aircraft. Bell is a helicopter manufacturer and servicer for both the commercial and military end market. Textron Systems produces uncrewed aircraft, armored vehicles for the military market as well as aircraft simulators for the commercial and military end market. Textron Industrial contains a Kautex business that manufactures plastic fuel tanks for conventional and hybrid motor vehicles and produces specialized vehicles such as golf carts, snowmobiles, all-terrain vehicles, and others.