Textron (TXT) risk factors: FY2025 10-K

1. Demand for our aircraft products is cyclical and lower demand adversely affects our financial results.
2. We have customer concentration with the U.S. Government; reduction in U.S. Government defense spending can adversely affect our results of operations and financial condition.
3. U.S. Government contracts can be terminated at any time and may contain other unfavorable provisions.
4. As a U.S. Government contractor, we are subject to procurement rules and regulations; our failure to comply with these rules and regulations could adversely affect our business.
5. As a U.S. Government contractor, our businesses and systems are subject to audit and review by the Defense Contract Audit Agency (DCAA) and the Defense Contract Management Agency (DCMA).
6. Our profitability and cash flow varies depending on the mix of our government contracts and our ability to control costs.
7. The market for U.S. Government defense business is highly competitive, and the competitive bidding process increases pricing pressure and cost which may affect our ability to win new contracts for major government programs.

Read these in Item 1A · See the changes

1. Developing new products and technologies entails significant risks and uncertainties.
2. We have made and may continue to make acquisitions that increase the risks of our business.

Read these in Item 1A · See the changes

1. Global macroeconomic conditions could negatively impact our business.new
2. Our business could be negatively impacted by cybersecurity threats and other disruptions.Cybersecurity
3. Challenges faced by our subcontractors or suppliers could materially and adversely affect our performance.
4. We are subject to risks of doing business globally that could adversely impact our business.
5. Natural disasters or other events outside of our control have disrupted and may in the future disrupt our operations, adversely affect our results of operations and financial condition, and may not be fully covered by insurance.

Read these in Item 1A · See the changes

1. If our Finance segment has difficulty collecting on its finance receivables, our financial performance could be adversely affected.
2. We periodically need to obtain financing and such financing may not be available to us on satisfactory terms, if at all.
3. Unanticipated changes in our tax rates or exposure to additional income tax liabilities could affect our profitability.

Read these in Item 1A · See the changes

1. We are subject to increasing compliance risks that could adversely affect our operating results.
2. Certain of our products are subject to laws regulating consumer products and could be subject to repurchase or recall as a result of safety issues.
3. Increased regulation and stakeholder expectations related to global climate change could negatively affect our operating results.
4. We are subject to legal proceedings and other claims.
5. Intellectual property infringement claims of others and the inability to protect our intellectual property rights could harm our business and our customers.

Read these in Item 1A · See the changes

1. Our success is highly dependent on our ability to hire, train and retain a qualified workforce.
2. The increasing costs of certain employee and retiree benefits could adversely affect our results.
3. Our business could be adversely affected by strikes or work stoppages and other labor issues.

Read these in Item 1A · See the changes

Headings in the FY2024 10-K with no match this year.

1. Risks arising from uncertainty in global macroeconomic conditions may harm our business.