Aerospace & Defense
Price
$79.07
-0.38%Market Cap
$13.65B
Day High
$79.40
Day Low
$78.69
TXT delivered 3% revenue growth to $3.827B and 1% net-income growth to $248M in Q2 FY2026, but manufacturing gross margin fell 100 basis points to 17.8% and Bell faces material MV-75 funding and contract-cost risks. Source: 10-Q Item 2 MD&A, p.21-24.
Key risk: MV-75 funding shortfall and U.S. Government customer concentration
Approximately 27% of 2025 revenue came from U.S. Government entities, and the MV-75 program represents a significant and growing portion of U.S. Government revenue and backlog. Bell had substantially exhausted available fiscal-2026 MV-75 funds after Q2 FY2026; if additional funding is not approved, the company could incur unreimbursed costs, an unfavorable cumulative catch-up adjustment, and adverse cash-flow effects.
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