OverviewSuggest Edit

Textron is a multi-industry company engaged in the aircraft, defense, industrial, and finance businesses. It operates through five segments: Textron Aviation, Bell, Textron Systems, Industrial, and Finance. The сompany manufactures and sells business jets, military trainer and defense aircraft, commercial helicopters, unmanned, marine, and land systems, fuel system components as well as simulation, training, and other defense and aviation mission support products and specialized vehicles. Textron also provides related parts and aftermarket services, intelligence software solutions, and logistics support services.
TypePublic
Founded1923
HQProvidence, RI, US
Websitetextron.com
Employee Ratings3.6
Overall CultureB-

Latest Updates

Employees (est.) (Jan 2020)35,000
Job Openings820
Revenue (FY, 2019)$1.4 B(-90%)
Share Price (Jun 2021)$70(+2%)
Cybersecurity ratingBMore

Key People/Management at Textron

Scott C. Donnelly

Scott C. Donnelly

Chairman, President and Chief Executive Officer
Frank T. Connor

Frank T. Connor

Executive Vice President and Chief Financial Officer
R. Danny Maldonado

R. Danny Maldonado

President and Chief Executive Officer, Textron Financial Corporation
Mitch Snyder

Mitch Snyder

President and Chief Executive Officer, Bell
Julie G. Duffy

Julie G. Duffy

Executive Vice President, Human Resources
Gunnar Kleveland

Gunnar Kleveland

President and CEO, Textron Specialized Vehicles Inc.
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Textron Office Locations

Textron has offices in Providence, Augusta, Blackstone, Cockeysville and in 14 other locations
Providence, RI, US (HQ)
Textron Tower, 40 Westminster St
Augusta, GA, US
1451 Marvin Griffin Rd
Blackstone, VA, US
277 Dominy Corner Rd
Cockeysville, MD, US
124 Industry Ln
Cockeysville, MD, US
300 Clubhouse Rd, Hunt Valley
Fort Worth, TX, US
1102 Tradewind Dr
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Textron Financials and Metrics

Textron Revenue

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Textron's revenue was reported to be $1.36 b in FY, 2019 which is a 2% decrease from the previous period.
USD

Revenue (Q3, 2020)

2.7b

Gross profit (Q3, 2020)

403.0m

Gross profit margin (Q3, 2020), %

14.7%

Net income (Q3, 2020)

115.0m

Market capitalization (7-Jun-2021)

15.8b

Closing stock price (7-Jun-2021)

70.0

Cash (3-Oct-2020)

2.7b

EV

17.8b
Textron's current market capitalization is $15.8 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

14.2b14.0b1.4b

Revenue growth, %

3%(2%)(2%)

Cost of goods sold

11.8b11.6b11.4b

Gross profit

2.4b2.4b(10.0b)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

3.3b3.7b3.2b3.1b3.2b3.3b2.8b2.5b2.7b

Cost of goods sold

2.7b3.1b2.7b2.6b2.6b2.7b2.4b2.3b2.3b

Gross profit

567.0m653.0m513.0m532.0m586.0m512.0m390.0m221.0m403.0m

Gross profit Margin, %

17%18%16%17%18%16%14%9%15%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

1.3b1.1b1.4b

Accounts Receivable

1.4b1.0b1.6b

Inventories

4.2b3.8b4.1b

Current Assets

8.2b7.6b8.0b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

836.0m731.0m1.3b742.0m857.0m1.1b2.4b2.2b2.7b

Accounts Receivable

1.1b1.1b1.0b1.1b989.0m1.0b1.6b764.0m872.0m

Inventories

4.1b3.9b4.0b4.0b4.3b4.4b4.4b4.3b4.3b

Current Assets

7.9b7.9b8.0b7.5b7.9b8.2b9.5b8.1b8.5b
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

962.0m307.0m1.2b815.0m

Depreciation and Amortization

449.0m447.0m437.0m416.0m

Inventories

(352.0m)412.0m41.0m(292.0m)

Accounts Payable

215.0m(156.0m)(63.0m)280.0m
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Textron Operating Metrics

FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020

Helicopters Delivered

1324657192305342201152741

Aircraft Deliveries

339374382

Citation Jets Delivered

180364841188444645206234625

Commercial Turboprops Delivered

155294743186443439176163421
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Textron Acquisitions / Subsidiaries

Company NameDateDeal Size
Howe and Howe TechnologiesOctober 26, 2018
Arctic CatJanuary 25, 2017$247 m
Able Engineering & Component ServicesJanuary 21, 2016
BeechcraftDecember 26, 2013
Mechtronix SystemsNovember 25, 2013
Opinicus Corp.November 22, 2013
AAI CorporationOctober 10, 2007
Industrial Technology, Inc.June 18, 2001
Opto-ElectronicsJune 18, 2001
Cam Tool LLCDecember 03, 1999
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Textron Revenue Breakdown

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Textron revenue breakdown by business segment: 27.9% from Industrial, 9.7% from Textron Systems, 23.9% from Bell, 38.1% from Textron Aviation and 0.5% from Other

Textron revenue breakdown by geographic segment: 11.8% from Other international, 7.9% from Asia and Australia, 14.6% from Europe and 65.8% from United States

Human Capital Metrics

Source: s1.q4cdn.com
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Textron Cybersecurity Score

Cybersecurity ratingPremium dataset

B

81/100

SecurityScorecard logo

Textron Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Textron Online and Social Media Presence

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Textron Company Culture

  • Overall Culture

    B-

    68/100

  • CEO Rating

    B+

    73/100

  • Compensation

    C+

    64/100

  • Diversity

    B

    72/100

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Textron News and Updates

Are Investors Too Optimistic On Textron Stock?

After gaining 37% this year, the shares of Textron (NYSE: TXT) have surpassed pre-Covid levels despite an ongoing slump in the aviation industry. The company’s Aviation segment, which contributes almost 40% of total revenues, observed a 23% contraction in 2020. In the recent earnings released...

Wheels Up and Bell Textron Announce Strategic Initiative to Transform the Dream of Urban Mobility into a Reality

NEW YORK, April 9, 2021 /PRNewswire/ -- Wheels Up, the leading brand in private aviation, today announces an initiative with Bell Textron, a Textron Inc. (NYSE: TXT) company, to lead the industry both in short- and long-term solutions with vertical take-off and landing (VTOL). The...

Buy Axon and Sell Textron Stock To Enhance Your Defense Portfolio

As the shares of Textron and other defense contractors recover to pre-Covid levels, the shares of Axon Enterprise, manufacturer of the popular Taser gun, have been rallying since February 2020. Considering the strong revenue growth and huge order backlog, Trefis believes that Axon stock is a good...

Why an airline executive is excited about Textron Aviation's new King Air 360, the next generation of a 50-year-old plane

Summary List PlacementAn aviation fan favorite just got an upgrade.  Textron Aviation is continuing the legacy of the iconic Beechcraft King Air family of aircraft and debuted its latest iteration in August. Starting at $7.9 million, the King Air 360 features advanced onboard systems aimed at easi…

Textron Aviation Unveils the Citation Cj4 Gen2, the Next Generation in the Industry Leading Cessna Citation Line-Up

Textron Aviation today announced the newest addition to the Cessna Citation business jet family, the Citation CJ4 Gen2. The largest Citation in the light jet segment offers operators a host of features that elevate ramp presence and in-flight comfort, including a new stair and handrail, premium seat…

Textron Inc. (TXT) Rises 1.65% for February 05

Among the biggest risers on the S&P 500 on Friday February 05 was Textron Inc. ($TXT), popping some 1.65% to a price of $48.06 a share with some 840,728 shares trading hands. Starting the day trading at $47.89, Textron Inc. reached an intraday high of $48.52 and hit intraday lows of $47.42. S…
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Textron Blogs

Textron Honored With Workforce Development Award

 Textron Honored With Workforce Development Award Sort Order:  1 ArticleLink:  Read More

Textron Reports Third Quarter 2020 Results

Textron Reports Third Quarter 2020 Results Sort Order:  1 ArticleLink:  Read More

TEXTRON'S COVID-19 RESPONSE

Description:  Throughout the COVID-19 pandemic, Textron has focused on fulfilling our commitments to our customers while swiftly enhancing the safety of our workplaces to protect the health of our employees. We have also worked closely with our business partners and suppliers and provided help and…

Bell Celebrates Grand Opening Of New Facility In Wichita, KS

Bell Celebrates Grand Opening Of New Facility In Wichita, KS Sort Order:  1 ArticleLink:  READ MORE

Textron To Relocate Jacobsen Production to U.K. Facility

Textron To Relocate Jacobsen Production to U.K. Facility Sort Order:  2 ArticleLink:  READ MORE

Special Missions Cessna Grand Caravan EX Fleet In Africa Grows In Support Of U.S. African Partnership Flight Initiative

Special Missions Cessna Grand Caravan EX fleet in Africa grows in support of U.S. African Partnership Flight initiative Sort Order:  5 ArticleLink:  READ MORE
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Textron Frequently Asked Questions

  • When was Textron founded?

    Textron was founded in 1923.

  • Who are Textron key executives?

    Textron's key executives are Scott C. Donnelly, Frank T. Connor and R. Danny Maldonado.

  • How many employees does Textron have?

    Textron has 35,000 employees.

  • What is Textron revenue?

    Latest Textron annual revenue is $1.4 b.

  • What is Textron revenue per employee?

    Latest Textron revenue per employee is $38.9 k.

  • Who are Textron competitors?

    Competitors of Textron include Embraer, AeroVironment and Gulfstream Aerospace.

  • Where is Textron headquarters?

    Textron headquarters is located at Textron Tower, 40 Westminster St, Providence.

  • Where are Textron offices?

    Textron has offices in Providence, Augusta, Blackstone, Cockeysville and in 14 other locations.

  • How many offices does Textron have?

    Textron has 21 offices.