TEXTRON INC

In the fiscal year ended September 30, 2024, our three largest customers, Pilatus, Textron and Honeywell accounted for 23%, 7% and 7% of total revenue, respectively.

In the nine-month period ended June 30, 2024, one customer, Pilatus accounted for 26% of net sales.In the three-month period ended June 30, 2023, three customers, Pilatus, Air Transport Services Group (“ATSG”) and Textron Aviation, Inc. (“Textron”), accounted for 25%, 24% and 10% of net sales, respectively.

In the six months ended March 31, 2025, five customers, Lockheed Martin, Boeing, Pilatus, Atlas, and Kalitta, accounted for 44%, 7%, 6%, 5%, and 4% of net sales, respectively.In the three-months ended March 31, 2024, two customers, Pilatus and Textron Aviation, Inc. (“Textron”), accounted for 28% and 17% of net sales, respectively.

In fiscal year ended September 30, 2023, the three largest customers, Pilatus, ATSG and Textron accounted for 23%, 12% and 10% of total revenue, respectively.

In the six-month period ended Mach 31, 2024, one customer, Pilatus accounted for 29% of net sales.In the three-month period ended March 31, 2023, four customers, Pilatus, Challenge Airlines, Air Transport Services Group and Textron, accounted for 21%, 18%, 16% and 10% of net sales, respectively.

The Company has recorded the excess of funded premiums over estimated claims incurred but not reported of $205,000 and $382,000 as a current asset in the accompanying consolidated balance sheets as of December 31, 2023 and September 30, 2023, respectively.ConcentrationsMajor Customers and ProductsIn the three-month period ended December 31, 2023, one customer, Pilatus Aircraft Ltd (“Pilatus”) accounted for 29% of net sales.In the three-month period ended December 31, 2022, three customers, Pilatus, Air Transport Services Group and Textron Aviation, Inc. (“Textron”) accounted for 38%, 13% and 11% of net sales, respectively.Major SuppliersThe Company buys several of its components from sole source suppliers.

In the nine-month period ended June 30, 2023, three customers, Pilatus, ATSG and Textron, accounted for 27%, 18% and 10% of net sales, respectively.In the three-month period ended June 30, 2022, three customers, Pilatus, Textron and Cargojet Inc., accounted for 27%, 16% and 14% of net sales, respectively.

The Company has recorded the excess of funded premiums over estimated claims incurred but not reported of $464,373 and $424,155 as a current asset in the accompanying consolidated balance sheets as of March 31, 2023 and September 30, 2022, respectively.ConcentrationsMajor Customers and ProductsIn the three-month period ended March 31, 2023, four customers, Pilatus Aircraft Ltd (“Pilatus”), Challenge Airlines, Air Transport Services Group and Textron Aviation, Inc. (“Textron”), accounted for 21%, 18%, 16% and 10% of net sales, respectively.

In the nine-month period ended June 30, 2022, three customers, Pilatus, Textron and Air Transport Services Group, accounted for 27%, 11% and 10% of net sales, respectively.In the three-month period ended June 30, 2021, two customers, Pilatus, and Textron, accounted for 25%, and 21% of net sales, respectively.

In the six-month period ended March 31, 2022, two customers, Pilatus, and Air Transport Services Group, accounted for 26%, and 13% of net sales, respectively.In the three-month period ended March 31, 2021, two customers, Pilatus, and Textron, accounted for 25%, and 16% of net sales, respectively.

In the three-month period ended December 31, 2020, three customers, Sierra Nevada Corporation, Amazon.com, Inc. and Textron Aviation,Inc, accounted for 17%, 12% and 11% of net sales, respectively.Major SuppliersThe Company buys several of its components from sole source suppliers.

THE FUTURE VERTICAL LIFT (FVL) FLRAA CAPABILITY SET THREE IS A PRE-MAJOR DEFENSE ACQUISITION PROGRAM (ACAT 1C) COMMISSIONED TO DEVELOP AND FIELD THE NEXT GENERATION OF AFFORDABLE VERTICAL LIFT TACTICAL ASSAULT / UTILITY AIRCRAFT FOR THE ARMY.

PROCURE MODIFIED COMMERCIAL KING AIR 360ER AIRCRAFT - FPFM

UNITED STATES PARK POLICE HELICOPTERS

KING AIR B300CER PURCHASE

PURCHASE THREE FIXED WING UTILITY AIRCRAFT SUITABLE FOR RELEASING STERILE INSECTS

PURCHASE OF ADVANCED BORESIGHT EQUIPMENT (ABE) MODEL 310A AND ADAPTER SET TO BE UTILIZED ON USCG MH-60T AIRCRAFT.

OVERHAUL TWO PT6A-60A KING AIR ENGINES FOR NOAA AOC AIRCRAFT N68RF. ESTIMATED AUGUST 2024. PROVIDE LOANER ENGINES FOR N68 TO CONTINUE FLIGHT OPERATIONS DURING THE OVERHAUL PERIOD.

DBB ENGINEERING AND MANUFACTURING DEVELO

NRE - QTRS DELIVERED

EMD - FLIGHT CONTROL SYSTEM AND PYLON CO

SUBMISSION OF "SDRL 005: TECHNICAL PROGRAM

2025 Q1 TPR

FR1144 MISSION SYSTEMS INTEGRATION FOR E

2AA PRELIMINARY DESIGN, SW ENGINEERING,

EXPERIMENTAL BEARING ASSY, INBD BEAM

NRE (COST PLUS)

ENGINEERING SERVICES

MONTHLY SDRL SUBMISSIONS

SOF QUAL REPORTS (ALLOCATION 15%) SAFETY

NRE MILESTONE PAYMENT - DELIVERY OF QUAL

112000257-BCP-001-001D

100% TOOL DESIGN NRE

PROJECT MANAGEMENT

MATERIAL PURCHASE

NRE COST PLUS

MATERIAL PURCHASE

280-375-104-101 UNIT

HYD MODULE ASSY

COWL ASSY

ENGINEERING AND MANUFACTURING DEVELOPMENT

ACTUATOR

PANEL ASSY

NACELLE ASSY - AFT

CWIRT ASSY

BEVEL G/B DELIVERED MILESTONE 3

THIS PURCHASE ORDER IS FOR PARTS FOR FA869124CB012 THAILAND AERONET ADDENDUM. THE ORIGINAL VALUE OF THIS PO WAS FILED AT $3,643,211.64 ON 10.15.2024. THE UPDATE TO THE PO WAS MADE ON 3.4.2025 AND THE NEW BALANCE IS NOW $3,372,168.68. THE PO DROPPED BY $271,042.96. PART NUMBERS WERE NOT YET SET UP IN THE SYSTEM AND THERE WERE ALSO ENGINEERING CHANGES THAT MADE THE PO VALUE DROP.

INBD JOURNAL BEARING ASSY ENVELOPE

EMD SUPPORT, TACTICAL ENGAG.TRAIN.SUBSYS

CLS SUPPORT - EMD MONTH 8

H-1 PBL PRE-CONTRACT PHASE 1

GUN FIRE TEST

MATERIAL PURCHASE

FEE FOR SDRLS

THIS PURCHASE ORDER WAS FOR INTERIM CONTRACTOR SUPPORT FOR THE VIETNAM AIR DEFENSE T-6C PROGRAM SUSTAINMENT UNDER USG FOREIGN MILITARY SALE PRIME CONTRACT FA861723C6241

MATERIAL PURCHASE

CLOSE OUT OF ALL SDRL'S (EXCEPT FQT)

PDR

TAILBOOM ASSY

LETTER OF INTENT WORK (OCT-JAN)

MATERIAL PURCHASE

BELLY SKIN - TRIM AND DRILL FLC 280-031-

FAN, EXHAUST, AVIONICS, NOSE

R&M ENGINEERING SERVICES (10FTES) 2025

SUBMITTAL OF SDRL 295 IMS

TRUNNION

PYLON BREAKOUT ASSEMBLY

112001509 MLH 001-003D - NEW TOOL

DECEMBER LICENSE RENEWAL 2024

CDR COMPLETION

CDR

STUD, STOP

SET UP

METS PROGRAM (NAVAIR MULTI-ENGINE TRAINING SYSTEM PROGRAM)

BUFFER, INBOARD BEAM, POCKET

CLIN 2A ACTIVE FEEL TRIM ACTUATOR

CREW SEAT FWD

LANDING GR ASSY

MAINT-INITIAL CONTRACT AWRD PLANS/RPRT.

LETTER OF INTENT WORK (OCT - JAN)

FWD FIREWALL APL

MATERIAL PURCHASE

SCISSOR ASSY

PRELIMINARY DESIGN REVIEW (PDR)

GLASS/EP ROVING-GLASS HAZ

280-134-222-101 PROGRAMMING & PLANNING

MATERIAL PURCHASE

NRE EFFORT

PART 280-040-208-101C CASTING, TOP CASE,

PDR

TRAINING CLASSROOM CZECH H1

MATERIAL PURCHASE

SIL ,QUAL,FLIGHT UNITS,LONG LT MATERIALS

NON-RECURRING ENGINEERING CHANGE

FLOODLIGHT

TRANSDUCER, PRESSURE

15% KICKOFF MEETING

MATERIAL PURCHASE

ENGINEERING/DRAWING, PLANNING, PROGRAMMI

TECHNICAL DATA PACKAGE

MATERIAL PURCHASE

MAST ASSY

SRR/PDR & CDR MILESTONE (ALLOCATE 30%)

BULKHEAD - STA 509

GENERATOR

280-034-272-101F

FR1058.74 FAF CSM TRACING

PIN, BLADE

CORE

TECHNICAL INTERCHANGE MEETING 2

MATERIAL PURCHASE

BLOCK

INTEGRATION SUPPORT LIMWS ENGINEERING, E

STBY ATT SNSR

112002090 FCM 001-001 - NEW TOOL

15% KICKOFF MEETING

CARBON/EPOXY TAPE - 60 INCH WIDTH

HARNESS ASSY

7290GM5-30-D-24

DMPR BLADE SET

SUBMIT QTP TO BELL

FIREWALL ASSY

NAVAIR MULTI-ENGINE TRAINING SYSTEM PROGRAM - METS

LIFT BEAM, FWD, LH

MATERIAL PURCHASE

LEASING, HCF FRAME, 6/26

STUD BOLT, 100 DEG REDUCED FLUSH HEAD

MATERIAL PURCHASE

THIS PURCHASE ORDER SUPPORTS THE RTAF AT-6 FMS AERONET AND UNIQUE SPARES EFFORT CONTRACT #FA8691-24-C-B012. PURCHASE WAS FOR TRAVEL PODS.

GENERATOR

NAVAIR MULTI-ENGINE TRAINING SYSTEM PROGRAM - METS PROGRAM

280-034-217-111 EXPEDITE

PMO

FRAHM ASSEMBLY

MATERIAL PURCHASE

PDR - DIVE VALVE

FORGING, OUTBD TIP RIB

ENGINEER SERVICES

CLAMP PLATE SET

781503-01

H-1 APR39 Z01 RETROFIT KITS VMI

ALY STEEL

MATERIAL PURCHASE

PANEL ASSY

TAPE,GLASS/EP-933FIN, SLIT .125 - 8552/S

GCBFRC-CT03R1

CLIP ASSY

.044" THICK X 11.5" X 236", 301 CRES, 1/

TIP LIGHT ASSY

CDR - EMD

MATERIAL PURCHASE

BEQ MATERIAL COST

MATERIAL PURCHASE

KOR_24A TRAVEL

FLOW SWITCH PDR CDR TRR

FORGING, CARRIER LS - PRGB

RING ASSY, ROTATING

BEARING, ROLLER, MAST-PRGB

ENGINEERING SERVIES

PROJECT MGMT

DET. DESIGN (EMD) - STATIC INVERTER SRR

1-000-060-23, T-53 ENGINE

RIB, CLOSEOUT, LEADING EDGE

CASTING

TRAVEL

PROGRAM ENGINEER (LEAD ENGINEER)

SPAR CLOSURE - MAIN ROTOR BLADE, THIN TI

MATERIAL PURCHASE

MODEL DELIVERY

MATERIAL PURCHASE

MATERIAL PURCHASE

MATERIAL PURCHASE

PANEL ASSY- MAIN BEAM- LH SIDE, STA 61.2

YOKE ASSY

MOSA USE CASE DEVELOPMENT

MATERIAL PURCHASE

FIRST ARTICLE INSPECTION (FAI)

280-034-267-101- PROGRAMMING & PLANNING

BEARING

THIS PURCHASE ORDER IS IN SUPPORT OF FA869124CB012 THAILAND AERONET ADDENDUM. AT-6 KIT INSTALLATIONS WAS THE PURCHASE.

RETAINER ASSY, ACCESS PANEL

MIDSPAN NOSE BLOCK, LH

THIS PURCHASE ORDER IS TO PROVIDE CONTRACT PILOTS TO SUPPORT VIETNAM TRANCHE 3 AND TRANCHE 4 FERRY IN JUNE & SEPTEMBER 2025 FOR FA861722C6238.

CPLG FORGING

INSPECTION REPORT

MATERIAL PURCHASE

TECHNICAL INTERCHANGE MEETINGS

CWT/TRAVEL

449-015-104-107D

MATERIAL PURCHASE

THIS PURCHASE ORDER IS FOR CONTRACTING SUPPORT FOR T-6 AIRCRAFT SUSTAINING ENGINEERING AND PROGRAM MANAGEMENT (SEPM II) SERVICES.

TECHNICAL SERVICES

CONSOLE ASSEMBLY RACK 4

AEROSPACE SUPPORT

NAVIGATIONAL DATA SOFTWARE

1.000 0002-PM-A-TVL 1.000 0005-ENG-A-TVL 1.000 0002-PM-A 1.000 0005-ENG-A 1.000 0005-ENG-A-FRACAS 1.000 0008-PM-A

CLIN 2 OPTION 1 PRE-CDR PREP

OTHER AIRCRAFT PARTS AND AUXILIARY EQUIPMENT MANUF

ANNUAL LICENSE FEE FOR AVIATION PROGRAM

M2B1 EMULATOR DEVELOPMENT AND QTY 4 (PN 45678-40800-10) WHICH INCLUDES SW DEVELOPMENT.