Textron Inc.
TXT
Industrials
3
exclusion reasons
2 themes
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Textron Inc. is identified by AFSC Investigate as part of an oligopoly of companies that benefit from selling to the Palestinian captive market. The company's international network includes defense and aerospace operations. According to a 2025 analysis by the Canadian Pension Plan Investment Board (CPPIB), Textron is listed among companies with investments linked to activities in the occupied West Bank, including East Jerusalem. The evidence presented is general and lacks specific details regarding Textron's direct operations, contracts, or revenue streams within occupied territories. Further investigation is required to substantiate the scale and materiality of the company's involvement.
Textron Inc. manufactures and sells military platforms and weapons systems used in active conflict zones. Its Bell segment produces military helicopters, including the UH-1Y Venom and AH-1Z Viper, which are deployed in combat operations globally. Its Systems segment produces the Shadow tactical unmanned aircraft system (UAS), a key intelligence, surveillance, and reconnaissance platform used by the U.S. Army and international forces. Textron also historically produced cluster munitions, including the CBU-105 Sensor Fuzed Weapon.
The company’s business model is materially linked to armed conflict. In 2011, the U.S. Army Contracting Command awarded Textron an $85 million contract related to its systems. The company files annual Conflict Minerals Reports, as required by the SEC, due to the use of tin, tantalum, tungsten, and gold in its products, acknowledging its supply chain touches conflict-affected areas. There is no public evidence that Textron’s operations in conflict zones provide an essential civilian service that would materially benefit the civilian population, which is the affirmative defense required under this exclusion category. Its role is to supply equipment for military operations.
Textron Inc. derives approximately 25% of its revenue from defense contracts, totaling $3.37 billion in 2024. The company is a major U.S. defense contractor, ranking 45th globally in the SIPRI Top 100 arms-producing companies for 2023. Its specialized Textron Systems division manufactures purpose-built weapons platforms and systems for military applications.
Recent contracts include a $163.4 million award in January 2026 to supply 65 COMMANDO Select armored vehicles to Ukraine and a December 2025 contract to deliver three Aerosonde Mk. 4.7 VTOL unmanned aircraft systems. Its Bell Textron subsidiary was awarded a contract in September 2025 for Foreign Military Sales to Japan. The company’s product portfolio includes the Damocles loitering munition, selected for a U.S. Army program in February 2026, and the Beechcraft T-6 trainer aircraft.
Research Sources
1 organization
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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
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