Textron Company Description
Executives should like Textron: The company's golf carts enrich their golfing jaunts, its Cessna airplanes and Bell helicopters whisk them around, its auto parts keep their cars running, and its financial subsidiary provides loans. Cessna and Bell are bright spots in Textron's financial results. Cessna accounts for more than half of profits; Bell about 20%. While Textron enjoyed healthy sales growth and good profit margins for several years, changes in the Pentagon budget and the global recession may dampen business in several segments. The US government accounts for about one-quarter of Textron's sales; geographically, customers in the US represent nearly two-thirds of sales.
View the Comprehensive Company Description for Textron
The Company Description provides a historical perspective of Textron's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Textron's evolution in the marketplace.
