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Balance Sheet Cash Flow Statement 40 Westminster St. Providence, RI 02903-2596 RI Tel. 401-421-2800 Fax 401-457-2220 |
Type: Public
On the web:
http://www.textron.com
Employees:
43,000
Employee growth: (2.3%)
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.
Key numbers for fiscal year ending December, 2008:
Sales: $14,246.0M
One year growth: 7.7%
Net income: $486.0M
Income growth: (47.0%)
Officers:
Chairman and CEO: Lewis B. Campbell
President, COO, and Director: Scott C. Donnelly
EVP and CFO: Frank T. Connor
Competitors:
AgustaWestland
GE
United Technologies




