Textron Systems
Textron Systems’ businesses develop, manufacture and integrate products and services for U.S. and non-U.S. military, government and commercial customers to support defense, homeland security, aerospace and other missions. Product and service offerings include electronic systems and solutions, advanced marine craft, piston aircraft engines, live military air-to-air and air-to-ship training, weapons and related components, unmanned aircraft systems, and both manned and unmanned armored and specialty vehicles.
2023 REVENUES BY REGION
2023 SALES BREAKDOWN BY CUSTOMER
Key data
| (Dollars in millions) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Textron Systems | |||
| Revenues | 1,235 | 1,172 | 1,273 |
| Segment profit(1) | 147 | 132 | 178 |
| Segment profit margin | 11.9% | 11.3% | 14.0% |
| Backlog | 1,950 | 2,098 | 2,144 |
| Total assets | 2,008 | 1,989 | 1,980 |
| Capital expenditures | 48 | 57 | 80 |
| Depreciation and amortization | 41 | 49 | 45 |
Segment profit is a non-GAAP measure as defined on page 17. See page 14 for reconciliation to GAAP.
Major Products & Services
| Air Systems | Textron Systems’ multi-mission-capable uncrewed aircraft systems (UAS) are utilized worldwide. The business’s platforms include the vertical-takeoff-and-landing Aerosonde® HQ, and the Aerosonde Small UAS, with its over 650,000 flight hours of service on land and in the maritime environment. |
| Control Stations and Remote Products | Textron Systems also manufactures variations of command-and-control systems and collaboration technologies to enable Manned Unmanned Teaming (MUMT) to include the Universal Ground Control Station (UGCS), the U.S. Army program of record One System® Remote Video Terminal (OSRVT™), and the new Soldier Portable OSRVT (SPOT). |
| Sustainment Services and Field Support | The business also provides sustainment efforts for UAS and marine and land vehicles. Crewed and uncrewed service offerings include: curriculum development, technical publications and training, maintenance and operation services. End-to-end logistics support offerings include spares, repairs, provisioning and performance-based logistics. Our Field Service Representatives provide reliability, maintainability, availability, repair and supportability analysis. Textron Systems provides full life cycle support for our products from development through manufacture and after sale support. Textron Systems also provides a robust Contract ISR Fee-For-Service leveraging the Aerosonde UAS which flies over 6000 hours a month in support of Department of Defense (DoD) Land and shipboard sites. |
| Marine Craft/ Uncrewed Surface Systems and Payload Integration | Textron Systems manufactures the Ship-to-Shore Connector (SSC), the next generation of the Landing Craft, Air Cushion (LCAC) fully amphibious vehicle, offering increased reliability, service life, maintainability and payload for the U.S. Navy and Marine Corps. Our specialty marine craft includes the CUSV®, our Common Unmanned Surface Vehicle (CUSV) was selected for the U.S. Navy’s first USV program of record, based on the larger Unmanned Influence Sweep System (UISS) program. The business is upgrading all low rate production craft to the configuration required to meet Initial Operating Capability, and is uniquely positioned to integrate future USV payloads and provide design, test, and logistical fleet support as systems are deployed. |
| Land Vehicles | The business designs, manufactures and supports the next generation of armored vehicles for the U.S. military, international militaries, special operations forces, police forces and civilian entities around the globe. The RIPSAW® family of vehicles, known individually as M5 and M3, provides options for a highly configurable and leading uncrewed ground system with speed, endurance, payload capacity, durability and extreme mobility. The family of COMMANDO® 4x4 armored vehicles offers a range of protection, unmatched on-road and off-road mobility, survivability, lethality, versatility, reliability and sustainability for unique multi-mission capabilities. The purpose-built Cottonmouth® Advanced Reconnaissance Vehicle (ARV) competitive prototype offers the United States Marine Corps amphibious mobility, unrivaled versatility, command and control, and electronic warfare capabilities in a design built to organically defeat threats, both directly and beyond line of sight. |
| Howe & Howe | Howe & Howe, a wholly owned subsidiary of Textron Systems, specializes in rapid research and development of innovative prototypes, both crewed and uncrewed. Howe & Howe also manufactures purpose-built designs of land vehicles that operate in extreme conditions, and is the originator of the RIPSAW® family of vehicles, known around the world for their speed, agility and capability in both crewed and uncrewed configurations. Current models include the commercially available manned F4, M5 and the recently released M3 uncrewed configurations. Its latest advanced robotic land vehicle is the Thermite® family of firefighting robots for first responders, which won the Popular Science 2021 Best of What’s New award for being one of the 100 greatest innovations within the category of Security. The business also develops the SWAT-BOT™, a mobile ballistic shield all-terrain robot that provides full body coverage to first responders. |
| Weapon Systems | Textron Systems offers advanced kinetic and non-kinetic effects for the defense and aerospace industries. Textron Systems is a tier 1 subcontractor responsible for the reentry system to prime contractor Northrop Grumman on the Sentinel missile system program. |
| Airborne Tactical Advantage Company (ATAC) | Airborne Tactical Advantage Company (ATAC) provides the U.S. Department of Defense with supersonic and subsonic adversary services for the Navy, Marine Corps and Air Force. With more than 25 years of experience, ATAC is a pioneer in commercial tactical airborne training support to the U.S. military and its international allies and partners. ATAC supports flight operations from eight primary locations supporting East and West Coast operations, Hawaii and Japan. ATAC also provides Joint Terminal Attack Controller (JTAC) training for the Navy, Marine Corps and U.S. Special Forces. |
| Lycoming Engines | Lycoming Engines offers a complete line of Federal Aviation Administration (FAA) Certificated and Experimental category aviation piston engines: horizontally opposed, air-cooled, four-, six- and eight-cylinder aircraft engines; FAA Certificated aerobatic piston and helicopter piston engines; Integrated Electronic Engines (iE2); a high power density, liquid-cooled, jet fuel-burning diesel cycle engine; and a single-cylinder, jet fuel-burning, spark-ignited engine. In addition, Lycoming Engines offers a complete range of product and support services, from engines to spare parts, for flight schools, general aviation and experimental segments. |
| Electronic Systems | Electronic Systems is a leader in the development and production of innovative, high-technology products and services for commercial, military, and government customers in the U.S. and internationally. It designs and manufactures a broad range of radio frequency, electro-optic, laser, and infrared devices used in training, test/evaluation, and operational applications from the laboratory to the range to the battlefield. This business provides comprehensive end-to-end training solutions for air, land, sea, space, uncrewed and electronic warfare platforms. Electronic Systems also offers advanced geospatial intelligence solutions and services, which enable users to achieve enhanced productivity and geospatial awareness through management, discovery and analysis of the variety and magnitude of data at their disposal. For the defense market, products also include complete maintenance training suites for aircraft, such as the C-17 and F-22, and testing equipment for the F-35. |