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Textron Inc. (NYSE: TXT)

Aerospace & Defense Β· Providence, RI, United States Β· Founded 1923

$15.0B
Market Cap
$14.8B
Revenue
35,000
Employees
$0.92B
Net Income
πŸ“Š Key Statistics for Textron Inc. (TXT)
  • Market capitalization: $15.0 billion
  • Annual revenue: $14.8 billion
  • Net income: $0.92 billion
  • Employees: 35,000
  • Sector: Industrials
  • Headquarters: Providence, United States
  • Founded: 1923

Source: Statvoo company profile for Textron Inc.. Browse all 500+ companies

πŸ“‹ About Textron Inc.

Textron is a diversified industrial conglomerate operating across aviation (Bell helicopters, Cessna and Beechcraft aircraft), defense (armored vehicles, unmanned systems), industrial (E-Z-GO golf carts, Kautex fuel systems), and finance. Bell is the company's crown jewel, producing military and commercial helicopters including the V-22 Osprey tiltrotor. Textron Aviation is the world's largest general aviation manufacturer.

πŸ’° How Textron Inc. Makes Money

Textron earns revenue from aircraft and helicopter sales, defense contracts, industrial product sales, and financial services. The diversified portfolio smooths cyclicalityβ€”when business jet demand softens, defense contracts provide stability, and vice versa.

πŸ“œ Key Milestones

Founded in 1923 as a textile company in Providence, Rhode Island, Textron became one of America's first conglomerates through aggressive acquisitions in the 1950s and 1960s. The acquisition of Bell Helicopter in 1960 and Cessna in 1992 established its aviation identity. Bell's Future Long-Range Assault Aircraft (FLRAA) contract win in 2022 secured decades of military helicopter revenue.

πŸ“Š Financial Overview
Market Capitalization$15.0B
Annual Revenue$14.8B
Net Income$0.92B
Profit Margin6%
Revenue per Employee$422857K
Stock ExchangeNYSE
Ticker SymbolTXT

Financial data is approximate and based on most recent annual filings.

πŸ’‘ Did You Know?

Bell's V-280 Valor tiltrotor won the US Army's FLRAA competition to replace the Black Hawk helicopterβ€”a contract potentially worth $70 billion over its lifetime. E-Z-GO golf carts, a Textron brand, are ubiquitous on golf courses and in retirement communities worldwide.

πŸ“ Analyst Take

Textron is an underappreciated defense and aviation playβ€”the FLRAA win alone could transform Bell's revenue trajectory for decades. The conglomerate discount is real, but the sum of the parts is worth more than the market gives credit for.

❓ Frequently Asked Questions

What is Textron Inc.'s revenue?

Textron Inc. generates approximately $14.8 billion in annual revenue.

How many employees does Textron Inc. have?

Textron Inc. employs approximately 35,000 people worldwide.

What is Textron Inc.'s market cap?

Textron Inc. (TXT) has a market capitalization of approximately $15.0 billion on the NYSE.

When was Textron Inc. founded?

Textron Inc. was founded in 1923 and is headquartered in Providence, RI, United States.

Who is the CEO of Textron Inc.?

Scott Donnelly is the current CEO of Textron Inc..

What is Textron Inc.'s website?

Textron Inc.'s official website is textron.com.