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Textron is a publicly traded industrial conglomerate that consists of well-known companies such as Bell Helicopter, Cessna Aircraft, Greenlee, E-Z-GO, Jacobsen, Kautex, and Textron Systems. It was originally founded in 1923 by royal little as Special Yarns Company in Providence, Rhode Island. Royal little, a Harvard graduate and WWI veteran, founded the company with only $10,000. They got into business by marketing synthetic yarns until 1928 when they acquired Franklin Process Company. This was the beginning of what would eventually become Textron. The company gained enormous profitability during World War II by manufacturing parachutes for the US government, increasing their sales threefold and tripling the amount of employees from 900 to 3,000.
Today, Textron is traded on the New York Stock Exchange and listed on the S&P 500 Component. It is also ranked 225th on the latest Fortune 500 rankings. The current CEO is Scott Donnelly. Total annual revenues for 2012 were $12.237 billion, with $242 million in net income and $10.711 billion in reported assets. The company currently employs around 33,000 people in 25 countries as of 2013.
The company has been awarded many contracts and has accomplished some notable achievements that should be considered. Bell Boeing was recently awarded a contract by the US government for 99 V-22 Osprey Tilt rotor aircraft, a 5-year US Naval Air Systems Command contract for around $6.5 billion. Bell Helicopter was named #1 in Product Support in 2012 and received top honors for the 18th straight year from readers of Professional pilot. Cessna Aircraft recently designed and announced production of the new Cessna 162. Jacobson turf maintenance equipment was used during the 2006 World Cup in Germany to maintain the stadiums. Each of Textron’s companies has had commendable achievements. Perhaps most commendable is that Textron Systems received a US government award to build the first ever 100 kW solid-state laser.Where to Get Best HR Textron Product Range: ASAP Semiconductor through its proprietary site AFRenterprises.com is a wholesale distributor for all HR Textron product lines and parts. We stock millions of parts and have access to many more to meet your procurement needs. Contact us today for a quote.
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