Leading positions in key markets Good diversity of commercial aerospace, military, and industrial products Operates in the weak, but stabilizing, business jet and commercial helicopter markets Restructuring efforts will likely modestly improve profit margins Credit ratios likely deteriorated somewhat in 2017, due to weaker earnings and a debt-financed pension contribution, but should improve modestly going forward Nearly all free cash flow will likely be used for share repurchases and acquisitions, with further debt reduction unlikely Strong liquidity position S&P Global Ratings' stable outlook on Textron Inc. reflects our expectation that the company's credit metrics will remain appropriate for the rating and improve in 2018 after moderating somewhat in 2017 due to lower earnings and increased debt to fund acquisitions and
