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Textron Corporation

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Summary This study covers the analyses of the TEXTRON CORPORATION— BENCHMARKING PERFORMANCE Textron's Board of Directors (Thundersbird School of Global Management, Graeme Rankine- TB0043, September 9,2009) had launched a new initiative to assess the company's supply chain and the company's working capital needs. First step was to benchmark the company's recent financial performance against other aerospace and defense firms to determine the areas in which the company's performance could be improved. Top management was particularly interested in understanding the company's sizeable investments in net working capital. Ms. Amphlett, a financial analyst in the Textron Corporation, soon found that Textron's recent stock price performance …show more content…

Royal Little founded the Special Yarns Corporation in Boston, Massachusetts. During World War II, the company, operating as Atlantic Rayon Corporation, found a ready market producing parachutes.
In 1943, with World War II government contracts dwindling, Royal Little, faced with the challenge of declining revenue and underutilized production capacity, developed a vertically integrated company that controlled every operational aspect of the business from raw goods processing to distribution. He moved beyond making parachutes to making lingerie, blouses, bed linens, and other consumer goods under the brand name Textron.
Textron was listed on the New York Stock Exchange on December 22, 1947, and by 1949, Textron's sales had reached $67.8 million.
During the 1960s and 1970s, Textron acquired consumer businesses such as Speidel, maker of watchbands; Sheaffer Pen; staple and nafl-gun maker Bostich; and Rhode Island silver company Gorham. During this period, Textron was known as one of the most highly diversified corporations in the U.S.
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* The S&P 500 is a free-float capitalization-weighted index published since 1957 of the prices of 500 large-cap common stocks actively traded in the United States.
In February 1985, Textron acquired Avco Corporation of Connecticut, an aviation conglomerate with revenues of

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