Textron Inc. announced on April 30 its plans to separate its industrial segment from its core aerospace and defense businesses. The move aims to sharpen strategic and operational focus on aviation and defense operations.
The company is considering options such as a sale of the industrial businesses or a tax-free spin-off into a standalone, publicly traded entity. After the separation, the restructured Textron, referred to as New Textron, will concentrate on its primary units: Textron Aviation, Bell, and Textron Systems.
Textron and its industrial operations serve different markets with distinct investment needs, according to the announcement. New Textron is projected to generate more than $12 billion in revenues for 2026, backed by a $19 billion order backlog. Headquartered in Providence, Rhode Island, the firm operates in separate industrial and aerospace sectors.