Question: What can I expect from my Textron Inc. stock? I am a longtime shareholder.
Answer: This manufacturer of Cessna planes and Bell helicopters is seeking to regain altitude after a nose dive in the recession.
The company's Cessna unit is the leading maker of business jets, while Bell is a top supplier of commercial and military helicopters, including aircraft used in the wars in Iraq and Afghanistan. The firm is also known for unmanned aircraft and military communication systems.
But its business is affected by the vagaries of the economy and by changes in military spending. Revenue, which peaked at $14 billion in 2008, tumbled to $10.5 billion in each of the next two years. However, the manufacturer earned $86 million in 2010, reversing a $31-million loss in 2009.