|Traded as||NYSE: TXT
S&P 500 Component
|Headquarters||Providence, Rhode Island, USA|
|Key people||Scott C. Donnelly
(Chairman, CEO, President and Member of Management Committee)
|Revenue||US$ 3.506 billion (2013)|
|Operating income||US$ 581 million (2012)|
|Net income||US$ 242 million (2011)|
|Total assets||US$ 10.711 billion (2012)|
|Total equity||US$ 2.991 billion (2012)|
Textron (NYSE: TXT) is an American industrial conglomerate. Textron includes Bell Helicopter, Cessna Aircraft, and other components. It was founded by Royal Little in 1923 as the Special Yarns Company, and is now headquartered in Providence, Rhode Island.
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On December 26, 2013, Textron agreed to purchase Beechcraft, including the discontinued Hawker jet line, for $1.4 billion. The sale was expected to be concluded in the first half of 2014, pending government approval.
Divisions and subsidiaries
E-Z-Go is a designer and manufacturer of light transportation vehicles for golf courses and for other uses. Products include electric and internal combustion golf carts and multipurpose utility vehicles under the E-Z-Go, Cushman, and Bad Boy Buggy brands.
Greenlee Textron is an industrial and electrical tool company headquartered in Rockford, Illinois, USA. It was founded in 1862 by brothers Robert and Ralph Greenlee to manufacture their invention, a drill surrounded by four chisel blades, used in making the pockets for a mortise and tenon joint, for the furniture industry in Rockford. This device is still used in cabinetmaking. The brothers later diversified into a variety of hand woodworking tools as well as machinery for making wooden barrels. The company was acquired by Textron in 1986. Greenlee today produces various wire and cable installation tools that are used in a variety of fields.
Textron purchased Jacobsen Manufacturing around 1975, and continued to produce Jacobsen garden tractors into the 1990s. Today Jacobsen sells various products used for turf care: maintenance equipment, vehicles, and other products.
Kautex Textron is a supplier to the automotive industry. The company produces plastic fuel systems, selective catalytic reduction systems, windshield and headlamp washer systems, and other products.
Textron Systems is an aerospace and defense development and manufacturing firm headquartered in Providence, Rhode Island, USA. The company is a business unit of Textron Inc., which reported 2012 annual sales in the Textron Systems segment as $1.7 billion.
Textron Systems has several operating units, including:
- AAI Corporation (Hunt Valley, Maryland)
- Lycoming Engines, (Williamsport, Pennsylvania)
- Overwatch Geospatial Solutions (Sterling, Virginia)
- Overwatch Information Solutions (Austin, Texas)
- Textron Defense Systems (Wilmington, Massachusetts): a maker of weapons and of surveillance systems
- Textron Marine & Land Systems (Slidell, Louisiana)
- "More On Textron; Profile". Yahoo! Finance. December 31, 2011. Retrieved July 20, 2012.
- finance.yahoo.com. Yahoo http://finance.yahoo.com/q/is?s=txt
|url=missing title (help). Retrieved 1 July 2014.
- "10-K Form FY11". Morningstar. February 23, 2012. Retrieved July 19, 2012.
- "About Textron: Leadership: Biography". Textron.com. Retrieved 2014-01-07.
- Textron buys Beechcraft in $1.4 billion deal
- Textron to buy Beechcraft parent for $1.4bn
- AVweb Staff (26 December 2013). "Textron Confirms Beech Acquisition". Avweb. Retrieved 27 December 2013.
- Niles, Russ (30 December 2013). "Textron Fleshes Out Beech Deal". AVweb. Retrieved 30 December 2013.
- "E-Z-GO Selected as Official Golf Car and Utility Vehicle of Universal Orlando". E-Z-GO press release. August 31, 2006.
- Will, Oscar H. (2009). Garden Tractors: Deere, Cub Cadet, Wheel Horse, and All the Rest, 1930s to Current. Voyageur Press. p. 55. ISBN 978-1-61673-161-8. Retrieved October 27, 2013.
- Niles, Russ (1 December 2013). "Scorpion May Not Be Built By Cessna". Avweb. Retrieved 7 January 2014.