38.99
Real-Time Quote
 +0.10 / +0.26%
Today’s Change
24.87
Today|||52-Week Range
40.66
+6.07%
Year-to-Date
SECTOR
Producer Manufacturing
INDUSTRY
Industrial Conglomerates
MARKET CAP
$10.6B

Company Description

Textron, Inc. manufactures aircrafts, automotive engines, industrial products, and military equipment. It operates in the aircraft, defense, industrial, and finance businesses worldwide. The company operates through five reportable business segments: Cessna, Bell, Textron Systems, Industrial and Finance. The Cessna segment is the general aviation company based on unit sales with two principal lines of business: aircraft sales and aftermarket services. Aircraft sales include citation jets, caravan single-engine utility turboprops, and single-engine piston aircraft and lift solutions by CitationAir. Aftermarket services include parts, maintenance, inspection and repair services. The Bell segment is suppliers of military and commercial helicopters, tiltrotor aircraft, and related spare parts and services in the world. Bell supplies advanced military helicopters and support to the U.S. Government and to military customers outside the United States. The Textron Systems segment product lines consist of unmanned aircraft systems, land and marine systems, weapons and sensors and a variety of defense and aviation mission support products and services. Textron Systems is a supplier to the defense, aerospace, homeland security and general aviation markets. It also sells products to customers outside the U.S. through foreign military sales sponsored by the U.S. Government and directly through commercial sales channels. The Industrial segment designs and manufactures a variety of products under three principal product lines, which includes Golf, Turf Care and Light Transportation Vehicles, Fuel Systems and Functional Components and Powered Tools, Testing and Measurement Equipment. Golf and Turf Care product line includes the products manufactured by Its E-Z-GO and Jacobsen business units. E-Z-GO designs, manufactures and sells golf cars and off-road utility vehicles powered by electric and internal combustion engines and electric on-road low speed vehicles under the E-Z-GO and cushman brand names, as well as multipurpose utility vehicles and off-road vehicles under the E-Z-GO, Cushman and Bad Boy Buggies brand names. Jacobsen designs, manufactures and sells professional turf-maintenance equipment, as well as specialized turf-care vehicles. Brand names include Ransomes, Jacobsen and Cushman. Jacobsen's customers include golf courses, resort communities, sporting venues and municipalities. Greenlee designs and manufactures powered equipment, electrical test and measurement instruments, hand and hydraulic powered tools, and electrical and fiber optic assemblies under the Greenlee, Klauke, Paladin Tools and Tempo brand names. The Finance segment is a commercial finance business that consists of Textron Financial Corp. and its consolidated subsidiaries, along with three other finance subsidiaries owned by Textron. It continues to originate new customer relationships and finance receivables in the captive finance business, which provides financing primarily for new Cessna aircraft and Bell helicopters and, to a limited extent, for new E-Z-GO and Jacobsen golf and turf-care equipment. It also provides financing to purchasers of pre-owned Cessna aircraft and Bell helicopters on a limited basis. Textron was founded by Royal Little in 1923 and is headquartered in Providence, RI.

Contact Information

Textron, Inc.
40 Westminster Street
Providence Rhode Island 02903-2525
P:(401) 421-2800
Investor Relations:
(401) 457-2362

Employees

Shareholders

Mutual fund holders53.69%
Other institutional28.53%
Individual stakeholders0.46%

Top Executives

Scott C. DonnellyChairman, President & Chief Executive Officer
Frank T. ConnorChief Financial Officer & Executive Vice President
Gary L. CantrellChief Information Officer & Vice President
E. Robert LuponeSecretary, Chief Compliance Officer & EVP
Mary F. LovejoyTreasurer & Vice President

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