Overall impact
D (24)

Commentary

Textron is a below-average overall performer. With a 'D' rating of 24.2 for overall impact (bottom 10% of all companies), Textron ranks 11th out of 19 industry peers, behind Air Industries, MICT, Virgin Galactic and 7 others, and ahead of Huntington Ingalls Industries, Lockheed Martin, Aerojet Rocketdyne and 5 others. On top material causes for Textron's industry (Aerospace & Defense), Textron performs poorly in Reduced Waste (34.0 score), Terrestrial Biodiversity (33.0), Improved Mental Health (10.8) and 14 other causes where it received a 'D' or 'F' score. Textron did not receive an 'A' rating on any cause.
Impact
Cause TXT
Peer rank
Overall impact

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Impact trend

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Company
Founded
1923
Employees
35,000
Sector
Industrials
Industry
Aerospace & Defense
Sub-industry
Aerospace & Defense
SASB industry
Aerospace & Defense
Headquarters
Ri, United States
Share classes
TXT
Mission
To become the premier multi-industry company, recognized for our network of powerful brands, world-class enterprise processes and talented people.
Description
Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance. The Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts. The Bell segment supplies military and commercial helicopters, tiltrotor aircrafts, and related spare parts and services. The Textron Systems segment offers unmanned aircraft systems, electronic systems and solutions, advanced marine crafts, piston aircraft engines, live military air-to-air and air-to-ship training, weapons and related components, and armored and specialty vehicles. The Industrial segment offers blow-molded solutions, including conventional plastic fuel tanks and pressurized fuel tanks for hybrid vehicle applications, clear-vision systems, plastic tanks for catalytic reduction systems, and battery housing systems for use in electric vehicles primarily to automobile original equipment manufacturers (OEMs); and golf cars, off-road utility vehicles, powersports products, light transportation vehicles, aviation ground support equipment, professional turf-maintenance equipment, and turf-care vehicles to golf courses and resorts, government agencies and municipalities, consumers, outdoor enthusiasts, and commercial and industrial users. The Textron eAviation segment manufactures and sells light aircraft and gliders with electric and combustion engines; and provides other research and development initiatives related to sustainable aviation solutions. The Finance segment offers financing services to purchase new and pre-owned aviation aircraft and Bell helicopters. Textron Inc. was founded in 1923 and is headquartered in Providence, Rhode Island.
Material causes
Ethos considers the following causes material for Textron, based on its industry sub-industry Aerospace & Defense. Learn more about material causes in our methodology overview.

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