Textron Wins Legal Battle Against Chinese Drone Maker DJI
April 25, 2023
Trending News ☀️
On Tuesday, Textron Inc ($NYSE:TXT)., a diversified industrial company, announced that they had won their patent infringement case against the Chinese drone maker DJI. This legal battle which had been going on for two years was finally put to rest after a Delaware district court ruled in favor of Textron. As a result of this ruling, DJI must cease all sales of their infringing drones and pay Textron damages.
In addition to their aerospace and defense divisions, the company also manufactures lawn and garden equipment, golf cars, and turf-care products. Textron also owns several finance companies, which offer a range of financial services and products.
Market Price
On Monday, TEXTRON INC won a legal battle against Chinese drone maker DJI when the U.S. International Trade Commission (ITC) found that DJI had infringed on TEXTRON’S patents related to unmanned aerial vehicles (UAVs). As a result, the ITC issued a cease-and-desist order that prohibited DJI from importing and selling various types of drones into the U.S. The news had a positive effect on TEXTRON INC stock which opened at $67.9 and closed at $68.0, up by 0.1% from previous closing prices. This was an indication that investors are confident that the company will benefit from its victory in this legal dispute . The cease-and-desist order could help TEXTRON INC gain an edge in the drone market and increase their market share in the US, something that could be a major source of revenue for the company in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Textron Inc. More…
| Total Revenues | Net Income | Net Margin |
| 12.87k | 861 | 6.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Textron Inc. More…
| Operations | Investing | Financing |
| 1.49k | -447 | -1.09k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Textron Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 16.29k | 9.18k | 34.5 |
Key Ratios Snapshot
Some of the financial key ratios for Textron Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -1.9% | -6.3% | 8.7% |
| FCF Margin | ROE | ROA |
| 8.8% | 10.1% | 4.3% |
Analysis
At GoodWhale, we have conducted an in-depth analysis of TEXTRON INC‘s well being. Based on our Risk Rating, we have determined that investing in TEXTRON INC is a medium risk venture. When looking at the income sheet, balance sheet, and non-financial aspects, our analysts have identified three potential risk warnings that investors should be aware of before making a decision. To gain more insight into the potential risks and rewards associated with investing in TEXTRON INC, we invite you to become a registered user of GoodWhale. More…
Peers
The competition between Textron Inc and its competitors is intense. Each company is vying for market share and customer loyalty. They are all fighting for the same thing: to be the best in the industry. This competition is good for the consumer because it drives innovation and efficiency. It also keeps prices down.
– Optex Systems Holdings Inc ($OTCPK:OPXS)
Optex Systems Holdings Inc is a publicly traded company that designs, manufactures, and sells optical sighting and surveillance products for military, law enforcement, and commercial applications. The company has a market capitalization of $18.39 million and a return on equity of 2.52%. Optex Systems’ products include red dot sights, night vision sights, thermal imaging sights, and laser aiming devices. The company’s products are used by the US military, NATO, and other allied forces around the world.
– General Dynamics Corp ($NYSE:GD)
General Dynamics Corporation is an American aerospace and defense conglomerate formed by mergers and divestitures. It is the world’s fifth-largest defense contractor, according to Defense News’ 2019 ranking, and the sixth-largest by revenue. The company ranked No. 98 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. It is headquartered in Reston, Virginia.
General Dynamics’ main business units are Aerospace, Combat Systems, Information Technology, Mission Systems, and Marine Systems. The company has eight major business segments: Aerospace, Combat Systems, Information Technology, Mission Systems, Marine Systems, GD Electric Boat, General Dynamics Ordnance and Tactical Systems, and Gulfstream Aerospace.
General Dynamics Corporation is an American aerospace and defense conglomerate formed by mergers and divestitures. It is the world’s fifth-largest defense contractor, according to Defense News’ 2019 ranking, and the sixth-largest by revenue. The company ranked No. 98 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. It is headquartered in Reston, Virginia.
General Dynamics’ main business units are Aerospace, Combat Systems, Information Technology, Mission Systems, and Marine Systems. The company has eight major business segments: Aerospace, Combat Systems, Information Technology, Mission Systems, Marine Systems, GD Electric Boat, General Dynamics Ordnance and Tactical Systems, and Gulfstream Aerospace.
General Dynamics Corporation is an American aerospace and defense conglomerate formed by mergers and divestitures. It is the world’s fifth-largest defense contractor, according to Defense News’ 2019 ranking, and the sixth-largest by revenue. The company ranked No. 98 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. It is headquartered in Reston, Virginia.
General Dynamics’ main business units are Aerospace, Combat Systems, Information Technology, Mission Systems, and Marine Systems. The company has eight major business segments: Aerospace, Combat Systems, Information Technology, Mission Systems, Marine Systems, GD Electric Boat, General Dynamics Ordnance and Tactical Systems, and Gulfstream Aerospace.
– Hexcel Corp ($NYSE:HXL)
Hexcel Corporation is a leading advanced composites company. They develop, manufacture and market lightweight, high-performance structural materials, including carbon fibers, reinforcements, prepregs, honeycomb, matrix systems, adhesives and composite structures, used in commercial aerospace, space and defense, and industrial applications.
Hexcel’s market cap is 4.72B as of 2022. The company has a Return on Equity of 6.26%.
Hexcel Corporation is a leading provider of advanced composites materials. The company develops, manufactures and markets lightweight, high-performance structural materials, including carbon fibers, reinforcements, prepregs, honeycomb, matrix systems, adhesives and composite structures. Hexcel’s composites are used in commercial aerospace, space and defense, and industrial applications.
Summary
Textron Inc. (TEX) is a multi-industry company that engages in aircraft, defense, industrial and finance business segments. The company has a strong balance sheet and has a good track record of delivering consistent returns to shareholders. It offers a wide range of products and services, and has a strong presence in the aerospace and defense markets.
Textron has been consistently increasing its dividend payments, making it an attractive stock for dividend investors. Moreover, Textron is also looking to expand its presence in emerging markets such as India and China, which provides further potential for growth. On the whole, Textron is a solid investment option for investors with a long-term horizon.
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