Textron Could Spin Off Some Businesses
Cessna Aircraft and Bell Helicopter parent company Textron is reportedly conducting a “strategic review” that could result in the divestiture of some of its businesses, according to Reuters. Similar speculation surfaced about two years ago, with no spin-offs resulting. However, analysts believe that the outcome might be different this time, as Textron’s defense businesses encounter declining military spending. Bell Helicopter was specifically named in the story as being a candidate for divestiture.