Textron Celebrates 60 Years of Trading on the New York Stock Exchange
Providence, RI .- Today, Textron Inc. (NYSE: TXT) Chairman, President and CEO Lewis B. Campbell will ring the closing bell of the New York Stock Exchange, marking the company’s 60th consecutive year of trading.
“Textron has a long and distinguished history and we are very proud of who we are today,” said Campbell. “Our listing on the Exchange allowed us to evolve from a tiny textile company to an $11 billion multi-industry company. Our 60th anniversary celebration is tribute to our commitment to value creation and is homage to the tradition and innovation of both Textron and the New York Stock Exchange.”
Textron started as a small textile company in 1923, when founder Royal Little created the Special Yarns Corporation in Boston, Massachusetts. Little had a vision of owning a collection of diverse companies that combined would create a balanced portfolio, making Textron the original conglomerate. In the years to follow, Textron acquired, developed and often divested a wide variety of companies that produced items such as silverware, clothing, watchbands, pharmaceuticals, paper, insurance, pens, boats, machine tools and snowmobiles.
Textron’s Transformation, which began in 2001, has helped enable its vision and in developing a value-added network of common processes, services and philosophies for growing its powerful brands and talented people. Textron today is committed to becoming the premier multi-industry company that is a networked enterprise of globally strong businesses in attractive industries that delivers top quartile shareholder returns.
Campbell added, “Textron’s strong outlook for the rest of the decade is a direct result of our ongoing operational improvements and record aircraft backlogs - all of which reflect the effectiveness of our customer and product design processes. As we continue on our transformation journey we will leverage our size, scope and talent to help make our businesses even stronger and stakeholders’ experiences even more compelling while we enjoy many more fertile years with the Exchange.”
About Textron Inc.
Textron Inc. is an $11 billion multi-industry company operating in 32 countries with approximately 40,000 employees. The company leverages its global network of aircraft, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, Fluid & Power, Textron Systems and Textron Financial Corporation. More information is available at www.textron.com.
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.