Textron Q3 2025 Reports 5 Percent Revenue Growth and Strong Backlog
Textron’s Q3 2025 shows 5% revenue increase, adjusted EPS beat, and a $19.1B backlog, driven by Aviation and Bell segment growth.

Textron’s Q3 2025 Performance: A Deep Dive into Revenue Growth and Segment Strength
Textron Inc. (NYSE: TXT) recently unveiled its third-quarter financial results for 2025, painting a picture of solid growth and operational strength across key segments. The multi-industry giant reported significant increases in earnings per share and a healthy rise in overall revenue, signaling resilience and strategic execution. These figures are more than just numbers on a page; they represent the tangible outcomes of strategic initiatives, particularly in the Aviation and defense sectors, and offer a glimpse into the company’s trajectory as we head towards the end of the fiscal year.
The announcement on October 23, 2025, provided a comprehensive breakdown of the company’s performance, which, while largely positive, also contained nuances that investors and market analysts are keen to understand. With an adjusted earnings per share that surpassed expectations and a substantial increase in its order backlog, Textron demonstrates a robust demand for its products. This performance is particularly noteworthy given the broader economic landscape, highlighting the company’s ability to navigate market dynamics effectively. We will break down the key financial highlights, explore the performance of each business segment, and consider the outlook presented by the company’s leadership.
Dissecting the Financials: A Strong Quarter by the Numbers
At the heart of Textron’s Q3 announcement was a strong earnings report. The company posted an adjusted earnings per share (EPS) of $1.55, a notable increase from the $1.40 reported in the same quarter of the previous year. This figure also comfortably beat analyst expectations, which hovered around the $1.47 mark. The GAAP EPS from continuing operations stood at $1.31. This earnings beat underscores the company’s profitability and efficient management of its operations during the period.
On the revenue front, Textron reported total revenues of $3.6 billion, marking a 5% increase, or $175 million, compared to the third quarter of 2024. While this growth is significant, it did fall slightly short of some market forecasts. Despite this minor miss, the revenue increase was driven by strong performances in several key areas. Net income for the quarter also saw a positive trend, rising to $234 million from $223 million in the prior-year period. Perhaps one of the most telling indicators of future health is the company’s backlog, which swelled by an impressive $2.2 billion to a total of approximately $19.1 billion, largely fueled by new Orders in the Bell and Textron Systems segments.
Cash flow is another critical metric of a company’s financial health, and here Textron showed significant improvement. Manufacturing cash flow before pension contributions reached $281 million for the quarter, nearly doubling the $147 million generated in the third quarter of 2024. This robust cash generation provides the company with the flexibility to invest in future growth and return value to shareholders. In fact, Textron returned $206 million to shareholders through share repurchases during the quarter.
“Overall, third quarter revenue was up 5% for Textron with higher revenues at Aviation, Bell, and Textron Systems. Higher Aviation Deliveries, acceleration of MV-75 at Bell, and solid performance at Systems all contributed to a strong quarter.”, Scott C. Donnelly, Textron Chairman and CEO
Segment-by-Segment Breakdown
A closer look at Textron’s individual business units reveals a story of targeted growth. The Textron Aviation segment was a standout performer, with revenues climbing 10% to $1.5 billion. This increase was attributed to a higher volume of deliveries, specifically for its popular Citation jets and commercial turboprops. The segment delivered 42 jets and 39 commercial turboprops, up from 41 and 25, respectively, in the same period last year, contributing to a segment profit of $179 million and a backlog of $7.7 billion.
The Bell segment mirrored this success, also posting a 10% revenue growth to reach $1.0 billion. This was primarily driven by increased military volume, including the acceleration of the MV-75 program for the U.S. Army. This performance helped grow the segment’s backlog to a formidable $8.2 billion. Textron Systems also contributed positively, with a 2% revenue increase to $307 million and a significant rise in segment profit to $52 million, partly due to a gain from a terminated vendor contract. The Systems backlog also saw a substantial increase of $980 million.
Not all segments moved in the same direction. The Industrial segment saw a decrease in revenue to $761 million, a decline largely expected due to the divestiture of the Powersports business. Meanwhile, the emerging Textron eAviation segment recorded revenues of $5 million and a segment loss of $15 million, reflecting its developmental stage. The Finance segment reported revenues of $26 million and a profit of $18 million.
Conclusion: A Positive Outlook Fueled by a Strong Backlog
Textron’s third-quarter 2025 results demonstrate a company firing on several cylinders, particularly within its core Aviation and Bell segments. The strong revenue growth, coupled with an earnings beat and a substantial increase in the order backlog, points to sustained demand and effective operational execution. The leadership’s ability to navigate a complex market while advancing key military programs and increasing commercial Commercial-Aircraft deliveries speaks to the company’s strategic focus.
Looking ahead, Textron has reiterated its full-year earnings guidance, signaling confidence in its ability to maintain this momentum. The nearly $20 billion backlog provides a solid foundation for future revenues and earnings stability. While the market reaction was mixed, focusing on a slight revenue shortfall, the underlying fundamentals, strong cash flow, growing backlog, and profitability, suggest a positive trajectory for the company as it closes out the fiscal year and moves into the next.
FAQ
Question: What were Textron’s total revenues for the third quarter of 2025?
Answer: Textron reported total revenues of $3.6 billion for the third quarter of 2025, a 5% increase from the same period in 2024.
Question: How did Textron’s earnings per share (EPS) perform?
Answer: The company reported a GAAP EPS of $1.31 and an adjusted EPS of $1.55. The adjusted EPS was an increase from $1.40 in the third quarter of 2024 and surpassed analyst expectations.
Question: Which segments were the primary drivers of growth?
Answer: The Textron Aviation and Bell segments were the main growth drivers, with both reporting a 10% increase in revenue. Higher aircraft deliveries at Aviation and increased military volume at Bell were key factors.
Question: What is the size of Textron’s current backlog?
Answer: Textron’s total backlog increased by $2.2 billion during the quarter to approximately $19.1 billion.
Sources
Photo Credit: Textron
MRO & Manufacturing
Boeing and ORNL 3D Print Two-Ton Mold for NASA HiCAM
Boeing and Oak Ridge National Laboratory fabricated a 2-ton wire-arc 3D-printed mold to support NASA’s 80-aircraft-per-month composite production goal.

The Department of Energy (DOE) Oak Ridge National Laboratory (ORNL) and the Boeing Company have successfully fabricated a two-ton, 3D-printed metal mold designed to accelerate the production of thermoplastic composite aircraft structures. Announced on September 21, 2026, the Stamp Form Die (SFD) will support an initiative by the National Aeronautics and Space Administration (NASA) to dramatically increase commercial aircraft manufacturing rates.
According to a press release from ORNL, the massive mold was developed using wire-arc additive Manufacturing (WAAM) in collaboration with Baker Industries, a subsidiary of Lincoln Electric. The project demonstrates that large, complex tooling can be 3D printed significantly faster than traditional machining, casting, or forging methods. This advancement addresses a critical bottleneck in aerospace manufacturing by reducing the lead time required to produce essential factory equipment.
Advancing high-rate composite manufacturing
The SFD will be utilized by Boeing as part of the NASA Hi-Rate Composite Aircraft Manufacturing (HiCAM) project. The HiCAM program aims to achieve production rates of up to 80 aircraft per month for composite airframes without incurring a weight penalty compared to 2020 technologies.
“NASA and its industry partners are working to increase the production rate of composite aircraft to meet the growing demand for air travel and to reduce aircraft weight, which improves fuel efficiency, lowering costs for aircraft operators,” said Richard Young, Project Manager for NASA HiCAM.
Young added that the effort is essential to maintaining the competitive advantage of the United States in the Commercial-Aircraft industry. Michael Matlack, a Technical Fellow at Boeing, echoed this sentiment, stating that American companies must continue to push technical boundaries to retain a global competitive edge.
Wire-arc additive manufacturing process
The 3D-printed SFD measures 6 feet in height and 4 feet in width, weighing nearly 2 tons. Utilizing the Arc-1 WAAM system at ORNL, the team completed the build in 8 weeks. To compensate for warping during the printing process, engineers ran 32 computer simulation iterations to refine the design before fabrication.
William Carter, a robotics engineer at ORNL, noted that Boeing specifically wanted to evaluate the feasibility of WAAM for this application and worked closely with the laboratory to evaluate the challenges of making the mold. Andrzej Nycz, a senior robotics engineer at ORNL, stated that multi-material WAAM enables new designs that combine fine-tuned mechanical performance with time and cost savings.
The successful fabrication of the SFD also has implications beyond aerospace. Ahmed Arabi Hassen, Group Leader for Composites Innovation at ORNL, indicated that the technology could eventually be used to manufacture large thermoplastic structures for the energy and automotive sectors.
AirPro News analysis
We note that tooling lead times are a persistent constraint in aerospace manufacturing, particularly for large composite structures. Traditional metalworking for dies of this scale can take many months and require extensive material removal. By validating WAAM for a two-ton SFD, Boeing and ORNL are proving that additive manufacturing can shift from prototyping to critical production infrastructure. If the NASA HiCAM project successfully demonstrates full-scale composite fuselage and wing box manufacturing in 2028 and 2029 as planned, rapid tooling methods like this 3D-printed mold will be essential to meeting the ambitious 80-aircraft-per-month target.
Sources: Oak Ridge National Laboratory
Photo Credit: Oak Ridge National Laboratory
Defense & Military
Mexico Acquires Second C-130J-30 Super Hercules in 2026
Mexico’s air force doubles its C-130J-30 fleet, becoming Latin America’s sole operator of the Super Hercules platform.

The Fuerza Aérea Mexicana (FAM) has doubled its modern tactical airlift capacity with the acquisitions of a second Lockheed Martin C-130J-30 Super Hercules, announced on September 23, 2026. The purchase expands Mexico’s rapid humanitarian response capabilities across Latin America following the recent deployment of its first C-130J-30 to earthquake-stricken Venezuela.
In a press release issued by Lockheed Martin, the manufacturer confirmed the acquisition, which solidifies Mexico’s position as the first and currently only Latin American nation to operate the C-130J Super Hercules platform. The FAM has operated legacy Hercules aircraft for five decades, and this latest procurement continues the modernization of its transport fleet.
Expanding humanitarian and tactical reach
The FAM utilized its initial C-130J-30, acquired on January 21, 2026, to deliver emergency supplies, medical aid, and personnel to Venezuela following recent twin earthquakes. The addition of a second airframe directly supports these regional relief missions and provides operational redundancy for the Mexican Air Force.
The C-130J-30 is the stretch variant of the aircraft, providing an additional 15 feet of cargo space compared to legacy models. This extra capacity allows for greater payload flexibility during critical airlift operations, enabling the FAM to transport more supplies per flight into austere or damaged runway environments.
Regional leadership in airlift modernization
Lockheed Martin highlighted the operational continuity the new aircraft provides to the Mexican Air Force. Trish Pagan, Vice President of Air Mobility & Maritime Missions at Lockheed Martin, stated that the C-130J serves as the backbone of global airlift.
“Mexico’s continued investment underscores confidence in a platform that delivers decades of operational readiness, unmatched versatility and seamless interoperability with U.S. and allied forces,” Pagan said.
The global C-130J fleet exceeds 560 aircraft operating across 24 other nations. Mexico’s integration into this operator base enhances its interoperability with allied forces during joint operations and international disaster response efforts.
AirPro News analysis
We view Mexico’s rapid follow-on order for a second C-130J-30 as a clear indicator of the platform’s immediate utility in the region. The timeline between the January 2026 initial acquisition and the September 2026 second order is notably compressed for military procurement. The successful deployment to Venezuela likely served as a real-world proof of concept for the FAM, demonstrating the value of the stretch variant’s extra 15 feet of cargo space. As the sole Latin American operator of the C-130J, Mexico is positioning itself as a primary logistical hub for regional disaster relief, potentially setting a precedent for neighboring air forces evaluating their own aging legacy transport fleets.
Sources: Lockheed Martin
Photo Credit: Lockheed Martin
MRO & Manufacturing
ST Engineering and Collins Aerospace Sign MRO Agreements
ST Engineering and Collins Aerospace expand component repair and OEM parts procurement for Boeing 787, 737 MAX, and A320neo platforms.

ST Engineering’s Commercial Aerospace business and Collins Aerospace, an RTX business, have signed three multi-year agreements to expand component repair capabilities and original equipment manufacturer parts procurement for major Boeing and Airbus aircraft platforms.
Announced in a press release on September 23, 2026, the collaboration is designed to deliver faster turnaround times for component repairs amid ongoing global supply chain constraints. The agreements integrate Collins Aerospace’s original equipment manufacturing (OEM) data and parts with ST Engineering’s global maintenance, repair, and overhaul (MRO) network.
Expanding component support and repair capabilities
The three agreements broaden ST Engineering’s authorized repair capabilities for the Boeing 787 and extend lifecycle repair support for the Airbus A320 and Boeing 737 aircraft families. The deal also expands ST Engineering’s procurement of OEM spare parts for narrowbody aircraft, specifically targeting components for the Boeing 737 MAX and Airbus A320neo.
Supported components under the new agreements include Line Replaceable Units (LRUs), Collins fan assembly electronics boards, and Power & Controls spare parts.
Poon Kok Wah, Senior Vice President and Head of Component Services at ST Engineering, stated in the press release that the expanded scope deepens the collaboration between the two companies and enhances the value of ST Engineering’s Maintenance-By-the-Hour program.
“Our longstanding relationship with Collins Aerospace brings together its OEM expertise and ST Engineering’s lifecycle MRO and comprehensive asset management strengths to better support airline operators worldwide,” Poon said.
He noted that the agreements will directly bolster in-house component MRO capabilities for the 787, 737 MAX, and A320neo platforms, alongside improvements in distribution and material services.
Strategic growth and infrastructure investment
The component support agreements follow parallel infrastructure investments by both companies to capture growing aftermarket demand. On September 9, 2026, ST Engineering announced an expansion of its nacelle MRO capacity at its Stockholm facility. The project will add approximately 5,000 square meters of capacity by early 2027 to accommodate increasing demand for widebody nacelle maintenance.
According to reporting by Aviation Week, modern composite nacelles increasingly require access to proprietary repair procedures and OEM engineering data. This technical requirement makes licensing agreements with manufacturers like Collins Aerospace strategically vital for independent MRO providers.
Collins Aerospace is concurrently expanding its manufacturing and support footprint in Singapore. In August 2024, the company announced a $250 million investment to relocate its Singapore manufacturing plant to a new facility in the Seletar Aerospace Park. Construction on the new site is scheduled to begin in the fourth quarter of 2025 and conclude by 2027, according to the Association of Aerospace Industries Singapore.
AirPro News analysis
We view the deepening integration between Tier 1 OEMs and independent MRO providers as a necessary response to persistent supply chain bottlenecks. As new-generation aircraft like the 737 MAX and A320neo mature, the volume of components requiring specialized repair procedures is increasing. By securing direct access to Collins Aerospace OEM parts and technical data, ST Engineering can bypass secondary market shortages and offer operators more predictable dispatch reliability. For Collins Aerospace, leveraging ST Engineering’s established global MRO infrastructure allows the manufacturer to scale its aftermarket support without bearing the full capital expenditure of building new, wholly owned repair stations.
Sources: ST Engineering
Photo Credit: ST Engineering
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