Textron Intends To Separate Industrial Segment From Core Aerospace And Defense Businesses To Enhance Strategic, Operational Focus Of Each Platform
Benzinga Newsdesk 6 months ago
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Textron announced its intent to separate its Industrial segment from the Company's core aerospace and defense businesses to enhance the strategic and operational focus of each platform and drive long-term value for
Textron announced its intent to separate its Industrial segment from the Company's core aerospace and defense businesses to enhance the strategic and operational focus of each platform and drive long-term value for stakeholders. Textron intends to explore multiple paths to effect the planned separation of its Industrial segment, including but not limited to a sale of the Industrial businesses or a tax-free separation into a standalone, publicly traded company.