Founded in 1923 as the Special Yarns Company by Royal Little, Textron NYSE: TXT, today is a multi-industry company with a portfolio of familiar brands such as Bell Helicopter, E-Z-GO, Cessna Aircraft, and Greenlee, among others. With total revenues of $14.2 billion, and approximately 37,000 employees in 29 countries, Textron is headquartered at the Textron Tower in downtown Providence, RI, USA, and currently ranked 173rd on the Fortune 500 list o...
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Founded in 1923 as the Special Yarns Company by Royal Little, Textron NYSE: TXT, today is a multi-industry company with a portfolio of familiar brands such as Bell Helicopter, E-Z-GO, Cessna Aircraft, and Greenlee, among others. With total revenues of $14.2 billion, and approximately 37,000 employees in 29 countries, Textron is headquartered at the Textron Tower in downtown Providence, RI, USA, and currently ranked 173rd on the Fortune 500 list of largest companies.
Royal Little, a Harvard graduate and veteran of World War I, founded the Special Yarns Company in 1923 with $10,000. With over 19 million spindles, Special Yarns Company saw early success in the niche market of synthetic yarns.
Special Yarns Company acquired Franklin Process Company, a cotton yarn processing company in Rhode Island in 1928. This was the first merger of what would ultimately become Textron, the first multi-industry company.
By 1930, Special Yarns sold about 4% of all rayon used in the United States, and the...
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