Textron Inc. reported a 5% increase in total revenues for the third quarter of 2025, reaching $3.602 billion compared to $3.427 billion in the same period last year. The growth was driven by higher revenues in the Textron Aviation and Bell segments, which saw increases of $138 million and $97 million, respectively. For the first nine months of 2025, total revenues also rose by 5% to $10.624 billion from $10.089 billion in 2024. The company's net income for the third quarter was $234 million, up from $223 million a year earlier, while net income for the first nine months increased to $686 million from $683 million.
The company's manufacturing product revenues increased by $159 million in the third quarter and $853 million in the first nine months of 2025, reflecting a strong demand for aircraft and military support programs. However, service revenues decreased by $336 million in the first nine months, primarily due to a transition in the MV-75 program from service-related to product-related revenue recognition. The cost of sales also rose, with a 5% increase in the third quarter and a 6% increase in the first nine months, attributed to higher volume and inflationary pressures.
Textron's operational metrics showed a significant increase in backlog, which rose to $19.142 billion as of September 27, 2025, compared to $17.908 billion at the end of 2024. This increase was largely driven by a 10% rise in Bell's backlog, bolstered by new orders for the MV-75 program. The company also reported a decrease in selling and administrative expenses by 9% in the third quarter and 4% in the first nine months, reflecting cost management efforts. Research and development costs decreased by 6% in the third quarter but increased by 3% for the first nine months, indicating a strategic focus on innovation.
Looking ahead, Textron's management expressed cautious optimism regarding future performance, particularly in light of ongoing U.S. government funding uncertainties and potential impacts from trade policies. The company is actively managing its supply chain and pricing strategies to mitigate the effects of tariffs and inflation. Additionally, Textron is focused on maintaining its competitive edge through continued investment in research and development, while also navigating the challenges posed by a changing economic landscape.
About TEXTRON INC
Textron Inc. is a diversified multi-industry company specializing in aerospace, defense, industrial, and finance sectors. It designs, manufactures, and services aircraft, helicopters, unmanned systems, and automotive components, serving global commercial, military, and government markets. With innovative products, extensive service networks, and a focus on technological development, Textron offers integrated solutions that emphasize safety, performance, and customer support across its core segments.
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