Textron Inc. (NYSE: TXT)
Aerospace & Defense Β· Providence, RI, United States Β· Founded 1923
- 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
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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.
Textron earns revenue from aircraft and helicopter sales, defense contracts, industrial product sales, and financial services. The diversified portfolio smooths cyclicalityβwhen business jet demand softens, defense contracts provide stability, and vice versa.
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.
| Market Capitalization | $15.0B |
| Annual Revenue | $14.8B |
| Net Income | $0.92B |
| Profit Margin | 6% |
| Revenue per Employee | $422857K |
| Stock Exchange | NYSE |
| Ticker Symbol | TXT |
Financial data is approximate and based on most recent annual filings.
Bell's V-280 Valor tiltrotor won the US Army's FLRAA competition to replace the Black Hawk helicopterβa 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.
Textron is an underappreciated defense and aviation playβthe 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.
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.
| CEO | Scott Donnelly |
| Sector | Industrials |
| Industry | Aerospace & Defense |
| Founded | 1923 |
| HQ | Providence, RI |
| Country | United States |
| Website | textron.com |
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