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Aircraft & Parts: capital spending and supply chain

SIC 3720 · 2 companies with filed cash-flow statements

Capital spending, 12 months$543M
Operating cash flow$1.5B
Capex / cash flow36%
Capex / revenue2.9%
Top 3 share100%

Analysis

2 companies in Aircraft & Parts (SIC 3720) spent $543M on capital projects over their latest twelve months, 36% of the $1.5B their operations generated.

Capital spending is 2.9% of the industry's $18.9B of annual revenue.

By the industry's asset mix most of it goes to equipment (50%); about $59.0M is imported.

The largest supplier of that spending is manufacturing structures ($78.7M).

Its largest supplying industries, by the input-output tables: imports ($1.9B), other aircraft parts and auxiliary equipment manufacturing ($1.2B), aircraft engine and engine parts manufacturing ($1.1B).

Charts

Aircraft & Parts: capital spending by company, latest twelve monthsAircraft & Parts: capital spending by company, latest twelve monthsTXT$503MAIR$39.7M
Filed cash-flow statements (SEC XBRL).
Aircraft & Parts: what the capital spending buys (US part)Aircraft & Parts: what the capital spending buys (US part)Structures$89.7MEquipment$165MSoftware$52.3MOther$21.1M
Capital spending × the industry’s asset mix (BEA fixed assets): grade C, an industry average applied to filed figures.
Aircraft & Parts: the industries that build and sell what it buysAircraft & Parts: the industries that build and sell what it buysManufacturing structures$78.7MAircraft manufacturing$51.7MSoftware publishers$27.4MAircraft engine and engine parts …$17.9MComputer systems design services$13.0MMaterial handling equipment manuf…$11.4MAir conditioning, refrigeration, …$10.6MConstruction machinery manufactur…$10.6MCustom computer programming servi…$10.2MMachine tool manufacturing$8.1M
BEA fixed assets: investment by asset type → supplying industry. Estimates (grade C).
Aircraft & Parts: its first-tier supplying industriesAircraft & Parts: its first-tier supplying industriesImports$1.9BOther aircraft parts and auxiliar…$1.2BAircraft engine and engine parts …$1.1BAircraft manufacturing$499MHousehold appliances and electric…$359MSearch, detection, and navigation…$346MManagement of companies and enter…$234MMachinery, equipment, and supplies$196MIron and steel mills and ferroall…$185MComputer systems design services$179M
Purchased inputs × the industry’s input mix (BEA Use table), US part: grade C.
Aircraft & Parts: where the industry's cash came from (+) and went (−)Aircraft & Parts: where the industry's cash came from (+) and went (−)Operating cash flow$1.5BBuybacks−$803MOther financing (in)$763MNet debt repaid−$574MCapital spending−$543MAcquisitions−$254MCash added to the balance she…−$196MShares issued$80.0MOther investing (in)$52.0MOther investing (out)−$17.1MDividends−$17.0MExchange-rate losses on cash−$3.0M
The companies’ cash-flow statements, latest four quarters or fiscal year: every figure filed (grade A).

Capital spending by company

CompanyCapital spendingOperating cash flowCapex / OCFPeriod
TXT Textron$503M$1.3B38%TTM to Q3 2026
AIR AAR$39.7M$199M20%TTM to Q1 FY27

Customers and suppliers named in annual reports

SupplierCustomerShare of supplier revenueEvidenceSource
TXTU.S. government27%Stated in 10-K (sentence)filing
AIRU.S. government28%Stated in 10-K (sentence)filing

The interactive money flow: switch views, follow each dollar →

Evidence grades: A filed figure · B computed from filed figures · C industry average (BEA input-output and fixed-asset tables) applied to filed figures. Estimates are not the companies’ own records. Not investment advice.