E-Z-GO 2013 Annual Report Download - page 4

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For Textron, 2013 was a pivotal year. We realized $12.1 billion in total revenues and
saw an operating profi t of $963 million. In our Industrial segment, acquisition and
product innovation led to a four percent increase in revenues compared to 2012.
At Bell Helicopter, the delivery of 41 V-22s and a double-digit rise in commercial
deliveries contributed to a six percent increase in revenues over last year. The
certifi cation of three new Cessna models in 2013 positioned us for future growth
as global markets gain momentum. At Textron Systems, we steadily grew our
international customer base, capturing signifi cant contracts from new customers in
the Middle East and Asia Pacifi c regions.
Fellow
Shareholders,
Innovation to Drive Growth
Across all of our businesses, innovation matters—
and this was the year we set out to prove it.
Anticipating the military’s next generation
rotorcraft needs, Bell Helicopter presented
the V-280 Valor as the ready contender for the U.S.
Department of Defense’s future vertical lift program
and a viable option for foreign military applications.
Upgrades to our unmanned aircraft systems
allowed for broader, more strategic missions while
enhancements to our intelligence-gathering software
improved analysts’ ability to view and customize
critical data. We introduced our expanded family of
COMMANDO™ armored vehicles to equip soldiers
with a greater range of fi repower, as well as a vehicle
for safe to-and-from-base transport. Additionally, for
global military customers, Textron AirLand launched
the successful fi rst fl ight of our Scorpion intelligence,
surveillance and reconnaissance aircraft, making it
one of the fastest-developed, American-made, tactical
jets—progressing from initial design to fi rst fl ight in
less than 24 months.
For commercial customers, Bell Helicopter announced
plans to return to the short-light single-engine
helicopter market with a modern version of its popular
JetRanger™. Also in 2013, Bell Helicopter made
enhancements to several products in its lineup, offering
customers improved situational awareness and safety;
greater landing and taxiing maneuverability; and
increased speed, range and load capacities. In addition
to certifying new models for delivery in 2013, Cessna
introduced advanced diagnostic service technology in
new Citations and continued to hit major production
milestones for the Citation X+ and Latitude. Across
our Industrial segment, we introduced more than 30
new products for our warehousing, industrial transport,
turf care, utility and electrician customers; upgraded
several of our most popular golf cars and rugged
outdoor sporting vehicles for a more comfortable and
quieter ride; and saw innovation deliver value in the
form of major contracts for Kautex carbon canisters
and catalytic reduction systems for some of the world’s
largest automakers.
Letter To Shareholders | 2