-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師的觀點摘要如下：TXT公佈第一季營收為37億美元（年成長12%，超過市場預期5.4%），調整後每股盈餘為1.45美元（年成長13%，超出預期0.15美元）。航空業務表現突出，營收成長22%至15億美元，利潤成長26%至1.54億美元，主要得益於噴射機交付量（37架對比31架）和商用渦輪螺旋槳飛機交付量（35架對比30架）的增加。我們認為利潤率的提升表明，隨著銷售恢復正常和營運效率的提高，航空業務的利潤率正朝著12%-13%的目標穩步邁進。管理階層維持全年航空業務營收成長9%至65億美元的預期，80億美元的積壓訂單為2026年的業績提供了保障。計劃在12-18個月內完成工業部門的拆分，將打造一個純粹的航空航天和國防業務架構，從而解決投資者長期以來對集團估值折讓的反饋。關鍵催化劑仍是MV-75從2027年的EMD交付階段過渡到2028年的LRIP交付階段，這將推動貝爾公司利潤率的提升，因為隨著產量在本十年後期達到每年40-60架的交付量。
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