Textron Divests $3B Industrial Segment Transitioning to Pure A&D Within 18 Months — Citation/Beechcraft Valuation Likely to Be Re-Rated

Textron announced on April 30 spinning off Kautex and Textron Specialized Vehicles (annual revenue over $3B, low margins) from the group, retaining Textron Aviation, Bell, and Textron Systems composing a pure A&D company. CEO Lisa Atherton said separation path (outright sale or split disposal) is still under evaluation, planning completion within 18 months. This eliminates industrial segment drag on overall valuation — aerospace business annual revenue ~$12B, margin ~11%; Q1 revenue +22% YoY. Simultaneously, Textron expanded Düsseldorf European parts centre (+1,000 sqm, +50% capacity); NetJets European business jet movements +14.8% YoY — all supporting Citation series European growth narrative. Confidence ★★★ (KG + AviGo dual cross-verification).