Textron Inc. is a globally recognized conglomerate with a diversified portfolio in the aerospace, defense, and industrial sectors.
Renowned for its innovative technologies and wide-ranging product offerings, Textron operates a variety of subsidiaries that cater to both commercial and government clientele.
Textron company has a profound impact on industries such as aviation, land mobility, and infrastructure, making it a significant player in these dynamic markets.
Who Owns Textron?
Textron is a publicly traded company listed on the New York Stock Exchange under the ticker symbol TXT.
Its ownership is distributed among institutional and individual shareholders. The majority of its shares are held by institutional investors including mutual funds, pension funds, and other financial organizations.
Textron operates autonomously, with no parent company, and its leadership team and executive board oversee its operations and strategic direction.
What Companies Does Textron Own?
Textron owns several renowned and influential companies across various sectors. Each subsidiary adds unique value, contributing to Textron’s diversified business model.
Bell
One of Textron’s flagship subsidiaries, Bell, is a leading manufacturer of helicopters and tiltrotor aircraft.
Known for its innovative designs, Bell serves both commercial and military markets, with its products used for everything from passenger transport to defense missions.
Cessna and Beechcraft
Part of Textron Aviation, Cessna, and Beechcraft are world-renowned brands in the general aviation industry.
Cessna specializes in small aircraft, including private jets, while Beechcraft is known for its turboprop and military trainers, delivering reliable solutions for business, personal, and government use.
Lycoming Engines
Lycoming Engines produces piston aircraft engines that power thousands of aircraft worldwide.
Its engines are widely used in general aviation and are known for their reliability and performance, supporting both recreational and professional aircraft operators.
Textron Systems
Textron Systems focuses on defense and security technology, offering unmanned systems, precision weapons, and advanced marine and ground systems.
It caters primarily to military and government clients, enhancing efficiency and capability in critical missions.
E-Z-GO
E-Z-GO, a leading brand in the recreational vehicle industry, manufactures golf carts and personal vehicles.
These vehicles are widely used in golf courses, resorts, and residential settings for transportation and leisure.
Jacobsen
Jacobsen specializes in turf care equipment, particularly mowers and related machinery.
Its products are designed for golf courses, sports fields, and commercial landscaping, maintaining pristine turf conditions.
Textron Specialized Vehicles
This division oversees the production of vehicles used in industrial and commercial applications, including utility vehicles and ground support equipment.
It addresses the needs of professionals in diverse industries such as agriculture, construction, and aviation.
Kautex
Kautex is an industrial solutions provider known for its expertise in advanced plastic fuel systems and other automotive technologies.
It serves some of the largest automotive manufacturers in the world, focusing on lightweight and environmentally responsible products.
When Was Textron Founded?
Textron Inc. was founded in 1923 by Royal Little in Providence, Rhode Island. Initially established as a textile company under the name “Special Yarns Corporation,” the business diversified over the decades, transforming into the industrial giant it is today.
The company’s pivot from textiles to other sectors laid the foundation for its extensive product lineup and its global prominence.
Who is the CEO of Textron?
The current CEO of Textron is Scott C. Donnelly. He has been serving as chairman, president, and CEO since 2009.
Donnelly joined Textron in 2008 as COO (Chief Operating Officer) and brought a wealth of experience from his previous leadership roles at General Electric.
Known for his strategic vision, Donnelly has played a key role in fostering innovation and driving operational excellence across Textron’s multiple businesses.
Where is the Headquarters of Textron?
Textron’s headquarters is located in Providence, Rhode Island, United States. The facility symbolizes the company’s legacy while serving as a central hub for managing its diverse global operations.
Situated in the heart of Providence, the headquarters supports Textron’s initiatives in North America and beyond, acting as a base for strategic planning and decision-making.
What is the Annual Revenue of Textron?
Textron reported an annual revenue of approximately $13.98 billion as of September 2024.
This robust revenue stream reflects its strong performance across its aviation, defense, and industrial divisions.
The company remains financially stable, with sustained growth driven by advancements in technology, operational efficiency, and strategic acquisitions.
How Many Employees Does Textron Have?
Textron employs over 35,000 people across its various divisions worldwide. Its workforce includes skilled professionals in engineering, manufacturing, design, and management roles.
The company fosters a culture of innovation and collaboration, empowering employees to develop cutting-edge solutions for clients in multiple industries.
Conclusion
Textron Inc. is a powerhouse of innovation and diversification, owning a remarkable portfolio of companies that excel in the aviation, defense, and industrial sectors.
With its origins in textiles, the company has evolved into a global leader with subsidiaries like Bell, Cessna, and Textron Systems driving its success.
Guided by strong leadership and a commitment to meeting diverse market needs, Textron continues to set benchmarks in technology and performance.
Its future growth prospects remain promising as it solidifies its role as a key player in shaping the industries it serves.
FAQs
What does the Textron company do?
Textron is a multinational company operating in industries such as aerospace, defense, and manufacturing. It designs and manufactures a range of products, including aircraft, helicopters, unmanned systems, and ground vehicles. The company also provides related services and solutions, catering to both commercial and military customers.
Is Textron a big company?
Textron is considered a large company, with a significant market presence in industries such as aerospace, defense, and manufacturing. It operates globally, employing tens of thousands of people, and its annual revenue consistently exceeds several billion dollars. The company holds a prominent position in its sectors, supported by well-recognized brands like Bell Helicopter and Cessna.
How does Textron make money?
Textron generates revenue through the design, manufacturing, and sale of aerospace and defense products, including helicopters, aircraft, and unmanned systems. It also earns income from its industrial segment, producing specialized vehicles and tools, as well as from providing maintenance, training, and other related services to both commercial and military customers.