Aerospace · TXT
Textron (TXT) gets 27% of its revenue from the U.S. government
What Textron reports in its FY2025 10-K, and what federal contract records show.
Summary
Textron reported that 27% of its FY2025 revenue came from the U.S. government: about $4.00B by our calculation of $14.8B in total. That ranks 25th of the 30 companies we cover that disclose a share. The share rose 2.0 pts from FY2024.
Federal agencies obligated $3.47B in prime contracts to the 7 recipient records we matched to Textron in federal fiscal year 2025, 95.7% of it from the Department of Defense. That is 0.87 times the U.S. government revenue the company reports.
Share of revenue over time
Textron: U.S. government share of revenue, by fiscal year
What Textron counts as government revenue
- Definition used
- U.S. government, including FMS (10-K)
- Foreign military sales
- Included in the reported figure
- Subcontract work
- Not stated
- Adjusted ex-FMS share
- Not available: the figure includes FMS but the company does not disclose the amount
“… the U.S. Government, including contracts under the U.S. Government-sponsored foreign military sales program, generated approximately 27% of our consolidated revenues in 2025, primarily in our Bell and Textron Systems segments.”
Textron, FY2025 Form 10-K · read the filing
Seed recorded n/a; the 10-K sentence says the figure includes the FMS program (corrected 2026-10-16). Source switched from the annual-report PDF to the SEC 10-K, which states approximately 27%.
The contract record
Prime contract obligations on USAspending.gov for the 7 recipient records we matched to Textron (obligations are not revenue).
In FFY2025, 95.7% of these obligations came from the Department of Defense and 4.3% from civilian agencies.
Contract obligations by awarding agency, FFY2025
Top 8 awarding sub-agencies; the rest grouped as Other.
| Awarding agency | Obligations | Share |
|---|---|---|
| Department of the Navy | $1.72B | 49.2% |
| Department of the Army | $1.45B | 41.4% |
| Federal Aviation Administration | $148M | 4.2% |
| Department of the Air Force | $111M | 3.2% |
| Defense Logistics Agency | $68.1M | 1.9% |
| National Oceanic and Atmospheric Administration | $1.5M | 0% |
| U.S. Special Operations Command | $700K | 0% |
| Federal Bureau of Investigation | $691K | 0% |
| Other | $54K | 0% |
Obligations by federal fiscal year
| Federal fiscal year | Obligations | Note |
|---|---|---|
| FFY2026 | $2.69B | preliminary DoD data posts with a 90-day delay |
| FFY2025 | $3.47B | Matched to FY2025 |
| FFY2024 | $2.35B | |
| FFY2023 | $1.89B | |
| FFY2022 | $1.02B | |
| FFY2021 | $922M |
Largest contracts active in FFY2025
Ranked by total obligated value to date on each award (all years), among awards with activity in FFY2025. Links open the award on USAspending.gov.
| Award | Agency | Description | Obligated to date | Period |
|---|---|---|---|---|
| W58RGZ23C0001Bell Textron Inc | Department of the Army | THE FUTURE VERTICAL LIFT (FVL) FLRAA CAPABILITY SET THREE IS A PRE-MAJOR DEFENSE ACQUISITION PROGRAM (ACAT 1C) COMMISSIONED TO DEVELOP AND… | $4.04B | 2022–2031 |
| N0001913C0023Bell Textron Inc | Defense Contract Management Agency | UH-1Y AND AH-1Z LONG LEAD PARTS LIST AAC | $1.78B | 2013–2019 |
| W58RGZ08C0023Textron Systems Corporation | Department of the Army | PROCURE 14 SHADOW UNMANNED AIRCRAFT SYSTEMS | $1.55B | 2007–2021 |
| N0002423C2452Textron Systems Corp | Department of the Navy | THREE FUTURE LCAC 100 CLASS CRAFT LONG LEAD TIME MATERIAL | $1.43B | 2023–2031 |
| N0001917C0030Bell Textron Inc | Defense Contract Management Agency | LOT 15 AAC | $1.23B | 2017–2026 |
| N0002417C2480Textron Systems Corp | Department of the Navy | LCAC 109 AND 110 LONG LEAD TIME MATERIAL | $993M | 2017–2029 |
| W911QY17C0013Textron Systems Corporation | Defense Contract Management Agency | "IGF::OT::IGF::EXEMPT" | $686M | 2016–2025 |
| N0001923C0020Textron Aviation Inc | Department of the Navy | METS A/C FULL RATE PRODUCTION LOT I | $677M | 2023–2027 |
| N0002412C2401Textron Systems Corp | Department of the Navy | DETAIL DESIGN AND CONSTRUCTION (DD&C) OF SHIP TO SHORE CONNECTOR | $663M | 2012–2025 |
| N0001916C0003Bell Textron Inc | Department of the Navy | H-1 PROGRAM LOT 14 AAC | $497M | 2016–2020 |
Recipients we matched to Textron
These USAspending recipient records are rolled into the figures above. Readers can check each one; if a match looks wrong, tell us.
| Recipient name | UEI | How matched | FFY2025 obligations |
|---|---|---|---|
| BELL TEXTRON INC | N5QUZAYGPKM3 | USAspending parentTEXTRON INC | $1.52B |
| TEXTRON SYSTEMS CORP | WEE9WFHMACH9 | USAspending parentTEXTRON SYSTEMS CORP | $1.10B |
| TEXTRON AVIATION INC | LH8RF2CKLWK5 | USAspending parentTEXTRON INC | $468M |
| TEXTRON SYSTEMS CORPORATION | SNJ8YY61GB95 | USAspending parentTEXTRON INC | $126M |
| AIRBORNE TACTICAL ADVANTAGE CO LLC | LHYAP8Y7N4M3 | USAspending parentTEXTRON INC | $162M |
| TEXTRON AVIATION DEFENSE LLC | RSCJXUGJNGE3 | USAspending parentTEXTRON INC | $49.2M |
| TRU SIMULATION + TRAINING INC. | WMNXNTGLAT76 | USAspending parentTEXTRON INC | $42.1M |
Joint ventures (not included in totals)
- Bell Boeing, with Boeing. Joint ventures are not split between partners.
Peers
| Company | Sector | U.S. gov share | Total revenue |
|---|---|---|---|
| TXTTextron | Aerospace | 27% | $14.8B |
| TDGTransDigm | Aerospace | not disclosed | $8.83B |
| HWMHowmet Aerospace | Aerospace | not disclosed | $8.25B |
| MOG-AMoog | Aerospace | 38% | $3.86B |
| HXLHexcel | Aerospace | not disclosed | $1.89B |
| AMTMAmentum | Government services other sector, similar size | 81% | $14.4B |
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Sources
- Textron, FY2025 annual report (U.S. government share) (accessed October 15, 2026)
- Textron, FY2024 annual report (U.S. government share) (accessed October 16, 2026)
- Textron, FY2023 annual report (U.S. government share) (accessed October 16, 2026)
- Textron, FY2022 annual report (U.S. government share) (accessed October 16, 2026)
- Textron, FY2021 annual report (U.S. government share) (accessed October 16, 2026)
- SEC XBRL company facts for Textron (revenue history) (accessed October 16, 2026)
- USAspending.gov recipient profile: Bell Textron Inc (accessed October 16, 2026)
- USAspending.gov API, prime contract awards (award types A–D) (accessed October 16, 2026)
- Federal Exposure methodology