Is Textron Inc. (TXT) One of the Defense & Aerospace Stocks Gaining From Rising Geopolitical Spending?

Textron Inc. (NYSE:TXT) is one of the defense & aerospace stocks gaining from rising geopolitical spending. On January 20, Textron Inc. (NYSE:TXT) secured a $163.4 million contract through the Ukraine Security Assistance Initiative (USAI) via the Foreign Military Sales (FMS) mechanism.

Textron Inc. (TXT) Inks $163.4M Defense Contract in Ukraine as Jefferies Raises Price Target

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Under the terms of the contract, the company is to provide 65 Mobile Strike Force Vehicle MSFV Commando Select vehicles and one year of spare parts. It also covers the build and delivery of new cars to strengthen Ukraine’s military.

“Textron Systems has delivered hundreds of COMMANDO vehicles to the U.S. Army over the last two decades,” said David Phillips, Senior Vice President, Air, Land and Sea Systems. “The COMMANDO Select has demonstrated support to soldiers, serving as a combat-proven armored personnel carrier performing secure personnel movement, military police and constabulary operations as well as command and control operations to support ground mobility missions.”

Earlier on January 15, analysts at Jefferies raised Textron Inc.’s price target to $115 from $95 and reiterated Buy ratings. The price target underscores the research firm’s confidence that the company will deliver solid financial results and guidance. The research firm expects the company to post fourth-quarter earnings of $1.41 per share. It also expects 2026 guidance of $6.30 to $6.50, in line with the firm’s estimate of $6.30.

Textron Inc. (NYSE:TXT) is a global, multi-industry company that designs, manufactures, and sells aircraft (Bell, Cessna, Beechcraft), defense products (Textron Systems), and industrial products (Jacobsen, E-Z-GO, Arctic Cat). It provides financial services and is known for its powerful brands in the aerospace, defense, specialized vehicles, and industrial sectors.

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Disclosure: None. This article is originally published at Insider Monkey.