Stock Symbol: TXT
40 Westminster Street
Textron Inc. Industry:
Textron Inc. Description:
Textron Inc. is a $12 billion multi-industry company with more than 51,000 employees in 40 countries. The company leverages its global network of businesses to provide customers with innovative solutions and services in industries such as aircraft, fastening systems, industrial products, industrial components and finance.
Textron Inc. Financial Summary:
For the nine months ended 1 October 2005, Textron Incorporated's total revenues increased 19% to $8.84B. Net income for the period from continuing operations decreased 83% to $42M. Revenues benefitted from the expansion of the company's end markets, strong top-line growth and increased aircraft backlog. Net income was offset by an increase in fastening systems cost of revenues as a percentage of revenues.
Textron Inc. Business Summary:
Textron Inc. is a global multi-industry company operating in five business segments: Bell, Cessna, Fastening Systems, Industrial and Finance. The Bell segment is composed of Bell Helicopter and Textron Systems. Cessna Aircraft Company is a manufacturer of general aviation aircraft. The Company's Fastening Systems segment, Textron Fastening Systems (TFS), offers a full range of fastening technologies, which include fasteners, engineered assemblies and automation equipment to global customers in the aerospace, automotive, computer, construction, electronics, electrical equipment, industrial equipment, non-automotive transportation, telecommunications and white good markets. The industrial segment consists of E-Z-GO, Jacobsen, Kautex, Greenlee and Fluid & Power. The finance segment consists of Textron Financial Corporation and its subsidiaries. In February 2005, Textron divested its InteSys Technologies business, a manufacturer of injection-molded components and assemblies.