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Topic: Textron


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In the News (Sat 30 Aug 14)

  
  Textron - Wikipedia, the free encyclopedia
Textron NYSE: TXT, headquartered in Providence, Rhode Island, is a U.S. -based conglomerate which, unlike many other conglomerates, remains fairly large even after the "glory years" in the 1960s.
Textron management decided to take a poison pill, and in November they bought Avco, another conglomorate roughly the same size.
Textron was now too large to be easily bought, and was in enough debt to make a takeover unattractive.
en.wikipedia.org /wiki/Textron   (481 words)

  
 UAW v. Textron Lycoming Reciprocating Engine Div.   (Site not responding. Last check: 2007-10-22)
First, Textron points out that, while the very existence of the collective bargaining agreement was at issue in Mack Trucks, the UAW here acknowledges the existence of the agreement, and rather seeks a declaration that the collective bargaining agreement between the parties is voidable because it was secured by fraud in the inducement.
Textron's vice-president for human resources, Frank Ratchford, stated that he had no knowledge of any plans for subcontracting, and also promised to make sure that his knowledge was complete.
Textron has also argued that the UAW's complaint must be dismissed because the union failed to exhaust the grievance procedures contained in the collective bargaining agreement before filing suit.
lw.bna.com /lw/19970722/967261.htm   (3267 words)

  
 Textron v. Widnall
Textron argues that it repeatedly sought clarification of the contract language from the Government to determine whether the entire award fee would be available in the event of a termination.
Textron proffers these cases as standing for the proposition that “fee payments made with allotted funds must be deemed available to reimburse costs.” In the first instance, those decisions are not binding on this court.
Textron has not met its burden of proving that the Board's decision was fraudulent, arbitrary, capricious, grossly erroneous, unsupported by substantial evidence, or otherwise not in accordance with law.
www.ll.georgetown.edu /federal/judicial/fed/opinions/96opinions/96-1535.html   (5260 words)

  
 About Textron: Company History
Textron avoided many of the costly mistakes of other conglomerates by entering new lines of business with small, incremental investments, where other conglomerates made massive, headline-grabbing acquisitions when they moved into new industries.
Throughout this period, Textron was recognized as the pioneer of the conglomerate and one of the most highly diversified corporations in the U.S. In 1967, the Wall Street Journal called Textron "the conglomerate king." During this time, Textron common stock also split twice: once in January of 1966 and again in September of 1967.
Textron has remained committed to its investments in growth and innovation, even during the toughest economic climate in recent history.
www.textron.com /profile/history.html   (2145 words)

  
 Air Force Technology - HR Textron Receives Boeing Silver Supplier Award   (Site not responding. Last check: 2007-10-22)
The Textron name is well known in the areas of advanced weapons, surveillance systems, aircraft control components, specialty marine craft and armored vehicles.
Textron Inc. (NYSE: TXT) is an $11 billion multi-industry company with 49,000 employees in 40 countries.
Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft, Kautex, Lycoming, E-Z-GO and Greenlee, among others.
www.airforce-technology.com /contractors/weapons/textron3/press3.html   (472 words)

  
 TEXTRON INC
Textron presents its results and outlook before restructuring costs and other special items because such items are outside normal business operations, as well as difficult to forecast accurately for specific periods.
Textron presents its results "as adjusted", before restructuring and other special items, because such items are outside normal business operations, as well as difficult to forecast accurately for specific periods.
Textron also sold its Automotive Trim business to Collins & Aikman in the fourth quarter of 2001 and recorded an adjustment to the gain in the second quarter of 2002 as a result of transactions associated with the divestiture.
www.freeedgar.com /EdgarConstruct/Data/217346/03-26/press.htm   (1791 words)

  
 Textron Continues Shanghai Expansion
The addition of Qian to the Textron China team is key step in Textron's global sourcing program, part of a broad based supply chain improvement initiative underway across all Textron operations.
Textron has already established a sourcing office in Poland and is planning a third office in South America.
Representatives of various Textron companies are now based in Shanghai: Textron Fastening Systems, Greenlee professional electrical testing tools and equipment, Maag, maker of polymer processing equipment and industrial gear pumps, David Brown gears and pumps, and InteSys, a supplier of injection molded products to the telecommunications industry.
www.jobwerx.com /news/Archives/textron060503.html   (523 words)

  
 Feature Article - Textron Automotive's Advantage: Building Things (to Say Nothing of Engineering, Integrating and ...
Before that he was president of Textron Automotive's Trim division, president of the Automotive Group of A.O. Smith, and had positions at Walker Manufacturing, International Harvester, and Ford Motor Co.
At Textron Automotive they're considered to be "a subsystem of a vehicle that will be designed, integrated, and installed as a single part number." Given that, he says that there are significant opportunities in terms of weight savings, cost reduction, space savings, and reduced assembly time, just to hit a few points.
Textron Automotive will make the components that it is best at and partner with others for the rest.
www.autofieldguide.com /articles/030007.html   (1516 words)

  
 Textron's Profit Jumps   (Site not responding. Last check: 2007-10-22)
Textron's (TXT:NYSE - commentary - research) earnings rose by more than 50%, easily surpassing analysts' estimates, as growth in the company's industrial and fastening segments offset declines in its Cessna operations.
Textron said it expects to earn 70 cents to 80 cents a share, which is in line with the current consensus of 76 cents a share.
Shares of Textron rose recently $1.03, or 1.8%, to $58.70.
thestreet.com /_forbes/stocks/manufacturing/10173240.html?...&cm_ite=NA   (246 words)

  
 [No title]   (Site not responding. Last check: 2007-10-22)
Textron Systems, a Textron company, provides advanced technology solutions to meet the needs of the global defense and aerospace industries.
Textron Marine & Land manufactures specialty marine craft such as the Motor Life Boat for the U.S. Coast Guard and the Landing Craft Air Cushion for the U.S. Marine Corps.
Textron Systems Corporation is a wholly-owned subsidiary of Avco Corporation, a subsidiary of Textron, Inc. More information is available at www.textron.com.
www.systems.textron.com /mainframe/profile/profilemain.html   (479 words)

  
 Textron mulling spin-off of Avco - Jun. 4, 1998
NEW YORK (CNNfn) - Textron Inc., a sprawling conglomerate whose companies sell everything from Cessna jets to golf carts, said Thursday it is considering shedding its consumer finance subsidiary, Avco Financial Services, to concentrate on more lucrative businesses.
     Textron, which is based in Providence, R.I., said it had hired Goldman Sachs to advise its executives on "strategic alternatives" for Avco.
The review, Textron said, may lead to a sale or spin-off of the subsidiary in the third quarter of 1998.
money.cnn.com /1998/06/04/deals/textron   (413 words)

  
 Welcome To Textron
Textron is a $10 billion global multi-industry company with market-leading brands and businesses serving the general aviation, aerospace and defense, industrial and commercial finance markets.
Textron celebrates innovation brought to life by thousands of Bell Helicopter employees who are helping to redefine the course of 21st century aviation.
Textron's businesses tell how they are benefiting from world-class enterprise processes.
www.textron.com   (307 words)

  
 Textron Financial Corporation - Press Release
Textron Financial is a diversified commercial finance company with $9.1 billion in managed receivables and twenty-two years of record earnings.
Textron has a workforce of over 68,000 employees and major manufacturing facilities in 30 countries.
Textron Inc. is a $13 billion global, multi-industry company focused on delivering inspired solutions to our customers and compelling growth and value to our shareholders.
www.tfc.textron.com /mc/pr/carter.html   (402 words)

  
 Textron's Fastening Systems Unit to Open First Plant in China
Textron began manufacturing in China in 1996 when its Kautex unit established a joint venture in Changchun to produce plastic fuel systems for the automotive industry.
In 1998, Textron established an office in Shanghai to serve as a resource in the region for the entire corporation.
In addition, as part of an on-going global sourcing effort, Textron is seeking to grow its percentage of parts and components that are produced in China.
www.jobwerx.com /news/Archives/textron032003.html   (538 words)

  
 The MoJo Wire--Action Atlas, Textron
The pre-Clinton integration of Textron's Bell Aerospace Textron and Textron Defense Systems divisions in 1990, with its attendant layoffs, set the tone for the 1990s military-merger wave.
Textron hasn't kept pace with the larger companies' merger frenzy, though it did buy a Mesa, Arizona, helicopter division from Boeing in February 1998 (and subsequently announced it would move production to Quebec), and in 1992 picked up Cessna Aircraft.
The winner of the contract will use offsets to seal the deal, caving in to Turkey's demand that at least 30 percent of the helicopter order be manufactured in Turkey.
www.motherjones.com /news/special_reports/arms/textron.html   (723 words)

  
 Textron Research and Development Center
Textron Systems is a subsidiary of Textron Inc., and is headquartered in Massachusetts.
This is one of several Textron Systems plants in the country.
Textron Inc. is a $13 billion company that employs 68,000 people, and is based in Rhode Island.
ludb.clui.org /ex/i/CA3034   (76 words)

  
 Textron plans to lay off 1,200 Cessna employees   (Site not responding. Last check: 2007-10-22)
Textron is now projecting Cessna will deliver between 180 and 195 jets this year, down from about 220, Bishop said.
Bishop said Textron expects some of the loss in revenue from Cessna will be offset by a better than expected performance by Textron Systems, another Textron unit.
Textron, an $11 billion multi-industry company with 49,000 employees in 40 countries, said other factors including lower than budgeted insurance costs, interest expenses and corporate expenses will help its financial outlook.
www.sfgate.com /cgi-bin/article.cgi?file=/news/archive/2003/03/20/financial1132EST0082.DTL   (513 words)

  
 Textron to bring 500 jobs to Delta - The Clarion-Ledger   (Site not responding. Last check: 2007-10-22)
Textron Fastening Systems will open a manufacturing facility in Greenville that will bring 500 jobs to the Delta, the company will announce today.
Textron Fastening Systems was established in 1995 as a unit of Troy, Mich.-based Textron Inc. In 2002, the fastening systems unit claimed $1.65 billion in sales — 16 percent of Textron's total.
The facility is expected to be operating by this fall, said Rick Clayton, president of Textron Fastening Systems.
www.clarionledger.com /news/0401/19/ma02.html   (634 words)

  
 Textron
Since the founding of the company in 1923, Textron has grown to revenues of $10 billion and 64,000 employees.
From 1989 to the end of 1997, Textron divested non-core businesses with $2.8 billion in revenue and bolstered its core by acquiring businesses with $3.9 billion in revenue.
Bell Helicopter Textron, with a 40 percent commercial market share, is the world's leader in commercial helicopter production and is the pioneer of tiltrotor aircraft development.
www.globalsecurity.org /military/industry/textron.htm   (277 words)

  
 Business Wire: Licavoli Named Chairman, President, and CEO of Textron Automotive Company
Textron Inc. today announced that Sam Licavoli has been named chairman, president and chief executive officer of Textron Automotive Company, based in Troy, MI, effective immediately.
With $2.4 billion in annual revenues and manufacturing locations in thirteen countries, Textron Automotive Company is a leading, global supplier of instrument panels, cockpit modules, exterior and interior trim, plastic fuel tanks and automotive systems and components.
Textron Inc. (NYSE:TXT) is a $10 billion, global, multi-industry company with market-leading operations in Aircraft, Automotive, Industrial and Finance.
www.findarticles.com /p/articles/mi_m0EIN/is_1999_April_14/ai_54376942   (581 words)

  
 Army Technology - Textron Marine & Land - Strike Weapons, Mobility and Surveillance Systems   (Site not responding. Last check: 2007-10-22)
Textron Marine and Land, a wholly owned subsidiary of Textron Inc., provides innovative technology solutions to meet the needs of the global aerospace and defense industries.
Textron Marine and Land is best known in the areas of advanced weapons, surveillance systems, aircraft control components, specialty marine craft and armored vehicles.
Textron Marine and Land maintains a comprehensive in-house Integrated Logistics Support (ILS) staff to provide worldwide support throughout the service life of all Cadillac Gage products.
www.army-technology.com /contractors/armoured/textron   (829 words)

  
 Textron   (Site not responding. Last check: 2007-10-22)
Textron Inc. (NYSE: TXT) is one of America's largest multi-industry companies.
The "Tex" was derived from textiles and the "tron" came from synthetic fibers such as "Lustron", reflecting the company's origins in the textile industry.
In November 1984, Textron announced plans to acquire Avco Corporation of Connecticut, a conglomerate of almost equal size with pre-acquisition revenue of $2.9 billion.
www.fas.org /man/company/textron.htm   (277 words)

  
 RTI Helps Textron Automotive to Out-License Breakthrough Injection Molding Technology - RTI International
The licensing activity is Textron Automotive's first foray into actively commercializing proprietary intellectual property and technology, and is another milestone in the company's virtual integration strategy.
Textron Automotive's partners in commercialization of IntelliMold® include the independent Research Triangle Institute, located in Research Triangle Park, N.C., and the Deloitte and Touche Intellectual Asset Management Group.
Textron has a workforce of more than 68,000 employees and major manufacturing facilities in 30 counties.
www.rti.org /page.cfm?sec=1&focus=32&cat=93&topic=144&objectid=7C8B78AF-CDED-4B8B-93059C0B303D8A83   (862 words)

  
 Textron Makes it Possible for Robby Gordon to "Do the Double"
Jacobsen, another Textron company and a leading provider of professional turf care equipment around the world, is also involved in the Coca-Cola 600 race this Sunday.
Bell Helicopter, a Textron Company, is a $1.6 billion, leading producer of commercial and military helicopters, and the pioneer of the revolutionary tilt rotor aircraft.
Cessna Aircraft Company, a $3.2 billion unit of Textron, is the world's largest manufacturer of light and mid-size business jets, utility turboprops and single-engine piston aircraft.
www.industrypages.com /artman/publish/Industry_News_2690.stm   (1016 words)

  
 CSC: CSC TO PROVIDE IT INFRASTRUCTURE SUPPORT SERVICES FOR TEXTRON October 28, 2004
Under the agreement, CSC will help manage and support Textron’s global data center, technology help desk and network operations, as well as mainframe and midrange systems, desktops and engineering workstations.
Textron will gain not only a lower, more predictable and scalable IT cost structure but also the flexibility to access state-of-the-art tools and industry best practices.
Approximately 250 Textron IT professionals currently manage the company’s technical infrastructure and, as part of the agreement, will be offered employment by CSC.
www.csc.com /solutions/itinfrastructureoutsourcing/news/3763.shtml   (413 words)

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