Move Aligns Company With Growing Franchises Of Textron Aviation, Bell And Textron Systems The Providence, R.I., company said Thursday it will explore options for the industrial unit, including a potential sale or tax-free spinoff into a publicly traded company. The separation is meant to allow Textron to focus on growing its aerospace and defense business, anchored by its Cessna and Beechcraft aviation brands, as well as its rotorcraft brand Bell. “This planned separation creates greater clarity and focus for both businesses,” said Lisa M. Atherton, Chief Executive Officer of Textron. “New Textron will move forward as a pure-play aerospace and defense company positioned for higher growth, while Industrial gains the independence to pursue strategies aligned with its distinct strengths—unlocking long term value for all stakeholders.”
