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3
Textron Systems
Textron Systems Corporation provides un-
manned systems, armored vehicles, advanced
precision weapons, intelligent battlefi eld
and surveillance systems, situational
understanding software and piston engines.
Textron Systems includes: AAI, Lycoming
Engines, Overwatch, Textron Defense Sys-
tems and Textron Marine & Land Systems.
Bell
Bell Helicopter is one of the leading
suppliers of helicopters and related spare
parts and services in the world and the
pioneer of the revolutionary tiltrotor aircraft.
Bell manufactures for both military and
commercial applications.
On the commercial side, in addition to reductions in
aircraft manufacturing cycle time, Bell delivered the fi rst
Model 429 light twin-engine helicopter in July 2009.
Bell currently is ramping production to support 25
deliveries in 2010 and 50 in 2011. Demand for commer-
cial rotorcraft in emerging markets remains strong, and
with approximately 35 percent of today’s global civil fl eet
more than 25 years old, the future market for commercial
growth looks bright.
For rotorcraft operators, Bell continued to deliver superior
customer service. In 2009 – for the 16th year in a row
– Bell earned Professional Pilot magazine’s top customer
support award. As well, for the fourth consecutive year,
Bell was rated number one for product support by Aviation
International News.
Closing the year, Bell held revenues steady at $2.8 billion,
increased segment profi t by $26 million over 2008 to
$304 million and achieved double-digit margins. Fielding
best-in-class aircraft, sustaining superior delivery on U.S.
military contracts, streamlining operations and expanding
on its fi rst-class service: This is how Bell will advance in
the vertical lift market in the coming year.
Textron Systems Overview Textron
Systems had an excellent year. At the core
of its business, Textron Systems’ defense
products and services continued to meet
U.S. Department of Defense (DoD) and
allied governments’ requirements for situ-
ational awareness, force protection and
precision weapons.
Summarized Fred Strader, Textron Systems’ new President
and CEO: “We delivered innovative and reliable solutions
that met our customers’ requirements and continuously
improved our operations. All of our operating units were
responsive to their particular markets and executed well.”
During 2009, Textron Systems fi elded several new prod-
ucts and services. AAI teamed with the U.S. Army to run
AAI’s Shadow Unmanned Aircraft Systems for critical
intelligence support. Also, AAI collaborated with its sister
operating unit, Overwatch, to launch an intelligence
exploitation tool for use in the fi eld, satisfying new require-
ments coming from DoD, homeland security and civil de-
fense agencies. Textron Marine & Land Systems continued
to develop Armored Security Vehicle variants, helping to
win additional international orders and prepare for future
international competitions. Textron Defense Systems
completed testing and started to fi eld its intelligent net-
worked munitions, enabling more effective and safer force
protection. Finally, Lycoming made signifi cant investments
in aircraft engine innovations, positioning this commercial
business for the general aviation market’s recovery.
Finishing the year strong with a combination of product
innovations and improvements in production, inventory
and cash management, Textron Systems increased revenues
by $19 million over 2008. Meeting evolving defense and
commercial customer requirements, continuing to im-
prove operational effi ciencies and exploring new markets:
These are the priorities for Textron Systems in 2010.
Industrial Overview Like most in this
sector, Textron’s Industrial segment expe-
rienced a signifi cant downturn in 2009.
“Managing through volume declines of
as much as 40 percent in some industry
sectors meant fi nding sustainable ways to
drive out costs, improve manufacturing
effi ciency and, at the same time, better
engage the customer,” offered Scott Hall,
newly appointed President of the Textron Industrial seg-
ment and President of Greenlee.
Operationally, segment efforts have centered on improving
effi ciency and ensuring customer satisfaction. Examples of
this include restructuring talent and lowering selling and
administrative costs; increasing fi rst time quality off of the
production line; and investing in aftermarket activities to
improve technical and online customer service capabili-
ties. On the whole, across our industrial businesses, the
Frederick M. Strader,
Textron Systems
President and CEO
J. Scott Hall,
Industrial Segment
and Greenlee
President