Corporate Profile for Textron Inc.
9 June 2000
Corporate Profile for Textron Inc.
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Published Date: June 9, 2000
Company Name: Textron Inc.
Address: 40 Westminster Street
Providence, RI 02903
Main Telephone
Number: 401-421-2800
Internet Home
Page Address
(URL) www.textron.com
Chief Executive
Officer: Lewis B. Campbell
Chief Financial
Officer: Stephen L. Key
Investor Relations
Contact: Douglas Wilburne
Business number: 401-457-3606
E-mail address: dwilburne@textron.com
Public Relations
Contact: Susan Bishop
Business number: 401-457-2362
E-mail address: sbishop@textron.com
Industry: Multi-Industry, Diversified Manufacturing
Trading Symbol/
Exchange: TXT
Market Makers: Fagenson, Frankel & Streicher
Company Description: Textron Inc. is an $11.6 billion, global, multi-industry company with a workforce of over 68,000 employees and major manufacturing facilities in 30 countries. Textron has market-leading companies in four industries:
Aircraft: Commercial and military helicopters, tiltrotor aircraft, business jets, single-piston aircraft and utility turboprops.
Automotive: Interior and exterior trim, fuel systems and functional components.
Industrial: Fastening systems, fluid and power systems, golf, turf-care and specialty products, light construction equipment, electrical, voice, data and video tools and testing technologies and industrial components.
Finance: Diversified commercial lending including aircraft finance, time share finance, golf finance, asset-backed lending, capital marketing, floorplan finance and SBA loans.
Textron's family of companies manufacture a host of products with many market-leading brands including: Cessna Aircraft, Bell Helicopter, E-Z-GO golf cars, Jacobsen and Ransomes turf-care equipment, Kautex plastic fuel tanks, David Brown industrial gears, OmniQuip light construction equipment, Textron Fastening Systems, Datacom and Rifocs telecommunications testing equipment, Greenlee electrical installation and test equipment, and many others.
Textron's multi-industry global balance is a proven mix of industries, products, customers and geographies, having delivered ten consecutive years of increased earnings with average shareholder returns in excess of the S&P 500.
Textron is building on this record through a focus on three core strategies: investing in well-defined, proven growth opportunities, driving operational excellence and leveraging e-business technologies.
Investing for growth extends Textron's leadership position in existing and new high-growth global markets. Textron invests internally, through R&D and capital spending and externally, pursuing acquisitions in complimentary, high growth, high return businesses.
Textron's passion for operational excellence begins with Textron Quality Management -- a mindset and discipline built around ambitious targets and aggressive initiatives aimed at achieving excellence in growth, quality, cost, efficiency and safety. Common metrics have been established across the organization and incentive systems have been aligned to drive improvement.
E-business is also a strategic imperative for Textron. Textron began 2000 with a first-of-its kind strategic alliance with Internet investment and operating company Safeguard Scientifics, making the advanced capabilities of Safeguard's 250 internet-based technology companies available to Textron. Safeguard companies and other e-business partners are helping Textron to quickly and effectively harness the power of Internet technologies to drive revenues, lower costs and improve customer service.