Textron
28 named things its latest annual report says its results depend on, each in the company's own words. 17 of them are also named by other companies we've read.
Customers
U.S. Government
earns from · approximately 27% of our revenuesnamed as a riskDuring 2025, we derived approximately 27% of our revenues from sales to a variety of U.S. Government entities.Risk factors (Item 1A)
Also named by ADI, AIR, APH, ASTS, ATI, AVAV, AWK, BA and 46 more
Ship-to-Shore Connector (U.S. Navy)
earns fromNotable products currently developed and produced by the Textron Systems segment include the Ship-to-Shore Connector, the U.S. Navy's next generation of Landing Craft Air Cushion vehicles; a family of test and simulation products; the Aerosonde family of unmanned aircraft systems products, multi-mission capable for commercial and military operations; armored land vehicles; and piston aircraft engines under the Lycoming brand.Business (Item 1)
Suppliers
Sole/limited-source certified aircraft parts suppliers
depends onnamed as a riskIf a vendor does not or cannot supply its parts, then the manufacturer’s production line may be stopped until the manufacturer can design, manufacture and certify a similar part itself or identify and certify another similar vendor’s part, resulting in significant delays in the completion of aircraft.Risk factors (Item 1A)
Other companies
Cross-border aircraft finance receivables
insures or lends tonamed as a riskIn addition, a substantial number of the originations in our finance receivable portfolio are cross-border transactions for aircraft sold outside of the U.S.Risk factors (Item 1A)
Textron Aviation largest union
named as a riskFor example, on September 21, 2024, Textron Aviation’s largest union rejected a proposed new contract and engaged in a strike that had an adverse effect on Textron Aviation's ability to meet its production and delivery schedules, and negatively impacted revenues and segment profit in 2024.Risk factors (Item 1A)
Places
International (non-U.S.) markets
earns from · approximately 31% of our revenuesnamed as a riskDuring 2025, we derived approximately 31% of our revenues from international business, including U.S. exports.Risk factors (Item 1A)
Also named by ABNB, ADSK, BSX, CROX, CRWD, DOCU, DXCM, EFX and 18 more
Canada
operates innamed as a riskThe termination of the agreement or renegotiation of the agreement with terms less favorable to us could result in the loss or reduction of preferential tariff treatment which could increase our costs and create compliance and supply-chain disruption risks.Risk factors (Item 1A)
Also named by AAP, AJG, ALL, AMRC, AOS, ARE, BBY, BF/B and 97 more
Mexico
operates innamed as a riskOur aircraft products, subassemblies, parts and components manufactured in Canada and Mexico are largely qualified under the rules of the United States-Mexico-Canada Agreement (USMCA) for preferential treatment on tariffs imposed by the U.S. on imports from Canada and Mexico.Risk factors (Item 1A)
Also named by AAP, AME, AMRC, ANET, AOS, ARES, AYI, AZO and 83 more
Germany
operates inKautex, which is headquartered in Bonn, Germany, operates over 30 plants in 13 countries in close proximity to its customers, along with 9 engineering/research and development locations around the world.Business (Item 1)
Also named by APO, AXGN, BF/B, CPRT, DASH, EBAY, GD, GDDY and 12 more
Regulators
Federal Aviation Administration (FAA)
subject tonamed as a riskOur commercial aircraft manufacturing businesses are regulated by the FAA in the U.S. and by similar aviation regulatory governing authorities internationally, including the European Union Aviation Safety Agency.Business (Item 1)
Also named by ACHR, AIR, ALK, AMT, AVAV, BA, BRK/B, CCI and 27 more
Consumer Product Safety Commission (CPSC)
subject tonamed as a riskAs a distributor of consumer products in the U.S., certain of our products are subject to the Consumer Product Safety Act, which empowers the U.S. Consumer Product Safety Commission (CPSC) to exclude from the market products that are found to be unsafe or hazardous.Risk factors (Item 1A)
Also named by ASO, AXON, BBW, CHD, DORM, GNRC, HAS, KVUE and 8 more
Defense Contract Audit Agency (DCAA)
subject tonamed as a riskWe operate in a highly regulated environment and are routinely audited and reviewed by the U.S. Government and its agencies such as the DCAA and DCMA.Risk factors (Item 1A)
Also named by ACN, BA, CACI, CDRE, FLR, HII, KTOS, LDOS and 6 more
Defense Contract Management Agency (DCMA)
subject tonamed as a riskWe operate in a highly regulated environment and are routinely audited and reviewed by the U.S. Government and its agencies such as the DCAA and DCMA.Risk factors (Item 1A)
European Union Aviation Safety Agency (EASA)
subject toOur commercial aircraft manufacturing businesses are regulated by the FAA in the U.S. and by similar aviation regulatory governing authorities internationally, including the European Union Aviation Safety Agency.Business (Item 1)
Laws and programs
U.S. foreign military sales program
earns from · approximately 27% of our consolidated revenuesContracts with the U.S. Government, including contracts under the U.S. Government-sponsored foreign military sales program, generated approximately 27% of our consolidated revenues in 2025, primarily in our Bell and Textron Systems segments.Business (Item 1)
Also named by LMT
U.S. tariffs
subject tonamed as a riskIn particular, recent changes to global tariff policies have created significant uncertainty with respect to trade policies, treaties and tariffs.Risk factors (Item 1A)
Also named by A, AAPL, ACHR, ADI, AEHR, AEP, AIOT, AKAM and 170 more
Foreign Corrupt Practices Act
subject tonamed as a riskIn many foreign countries, particularly in those with developing economies, it is common to engage in business practices that are prohibited by laws and regulations applicable to us, such as the Foreign Corrupt Practices Act.Risk factors (Item 1A)
Also named by A, ADBE, ADP, AIR, AJG, ALB, AME, AMZN and 112 more
United States-Mexico-Canada Agreement (USMCA)
subject tonamed as a riskOur aircraft products, subassemblies, parts and components manufactured in Canada and Mexico are largely qualified under the rules of the United States-Mexico-Canada Agreement (USMCA) for preferential treatment on tariffs imposed by the U.S. on imports from Canada and Mexico.Risk factors (Item 1A)
Also named by AYI, BMI, BWA, CLF, CMI, CP, CW, DCH and 29 more
U.S. False Claims Act
subject tonamed as a riskA number of our U.S. Government contracts contain provisions that require us to make disclosure to the Inspector General of the agency that is our customer if we have credible evidence that we have violated U.S. criminal laws involving fraud, conflict of interest, or bribery; the U.S. civil False Claims Act; or received a significant overpayment under a U.S. Government contract.Risk factors (Item 1A)
Also named by ACN, ASTS, CDW, CHE, CI, CVS, DGX, FLR and 13 more
MV-75 program (U.S. Army Future Long Range Assault Aircraft)
earns fromnamed as a riskIn particular, a material reduction or delay in funding of the MV-75 program could have a material adverse effect on our cash flows, results of operations and financial condition.Risk factors (Item 1A)
U.S. Department of Defense budget
earns fromnamed as a riskThe funding of U.S. Government defense programs is subject to congressional appropriation decisions and the U.S. Government budget process which includes enacting relevant legislation, such as appropriations bills and accords on the debt ceiling.Risk factors (Item 1A)
Executive Order on underperformance of U.S. defense contracts
subject tonamed as a riskNew laws, regulations or procurement requirements or changes to current ones (including, for example, regulations related to cybersecurity and the recently issued Executive Order relating to underperformance of U.S. defense contracts, investment in defense production capacity and possible limitations on dividends and share buybacks) can significantly increase our costs, thereby reducing our profitability or otherwise adversely impacting our results of operations, financial condition, or shareholder returns.Risk factors (Item 1A)
European Union climate regulation
subject tonamed as a riskIncreased worldwide public awareness and concern regarding global climate change has resulted and is likely to continue to result in more legislative and regulatory efforts, in the U.S., the European Union and in other jurisdictions in which we operate, to address the negative impacts of climate change.Risk factors (Item 1A)
Cybersecurity Maturity Model Certification (CMMC)
subject toWe are required to achieve Cybersecurity Maturity Model Certification (CMMC) for our defense businesses, which will certify their compliance with the federally mandated CUI program.Cybersecurity (Item 1C)
Also named by ADI, AVAV, BWXT, GE, HEI, HLIO, HON, HWM and 15 more
Defense Federal Acquisition Regulation Supplement (DFARS)
subject toAs a U.S. defense contractor, we are required to comply with extensive regulations, including requirements imposed by the Defense Federal Acquisition Regulation Supplement related to adequately safeguarding controlled unclassified information (CUI) and reporting cybersecurity incidents to the U.S. Department of War (DoW).Cybersecurity (Item 1C)
V-22 tiltrotor aircraft program
earns fromBell’s primary U.S. Government programs are for the development of a next generation tiltrotor aircraft for the U.S. Army’s Future Long Range Assault Aircraft program, now designated as the MV-75 program and the production and support of the V-22 tiltrotor aircraft and H-1 helicopters.Business (Item 1)
Beechcraft Denali FAA certification
subject toThe Beechcraft Denali, a high-performance single engine turboprop aircraft under development, continues toward Federal Aviation Administration (FAA) certification.Business (Item 1)
Technology
Garmin Emergency Autoland
depends onIn 2024, Textron Aviation announced its next generation of light jets, the Citation M2 Gen3, CJ3 Gen3 and CJ4 Gen3, which will include the revolutionary Garmin Emergency Autoland technology.Business (Item 1)