Textron delivered a Q3 2024 revenue of approximately $3.4 billion, with adjusted earnings per share (EPS) of $1.40 for continuing operations, reflecting the operational disruptions from the IAM labor strike that affected Aviation production and services. Management highlighted a five-week strike impact, with ramp-up efforts already underway as the new five-year labor contract is ratified and workers return to full production. Despite the temporary headwind in Aviation, Textron reported a robust backlog of $7.6 billion across the portfolio as of the end of Q3, underpinning medium-term revenue visibility, particularly in the Bell and Textron Aviation segments. The company narrowed its full-year guidance materially, citing the aviation strike as the primary reason for the downgrade: 2024 adjusted EPS guidance moved to a range of $5.40–$5.60 from $6.20–$6.40, and manufacturing cash flow before pension contributions was trimmed to $650–$750 million from prior guidance of $900–$1,000 million. management emphasized the ramp in 2025, with anticipated revenue growth in Aviation and a multi-year trajectory driven by FLRAA and other programs, supported by a healthier supply chain and stabilized labor force. Backlog strength, favorable pricing in several segments, and a disciplined capital plan (including $215 million in quarterly share repurchases) frame Textron’s risk-reward into 2025. In summary, Textron faces near-term margin compression and cash flow headwinds from the strike, but the medium-term outlook remains constructive thanks to backlog, product updates, and selective program wins across Aviation, Bell, and Textron Systems.