About Business
Textron Inc. is a U.S.-based conglomerate, formed in 1923 by Royal Little and headquartered in Textron Tower Providence, Rhode Island, US. This company provides aerospace, automotive, and defense systems. Its history started in 1923 when Royal Little formed a textile company, Special Yarns Corporation. This company produced synthetic yarns. During the Second World War, this company was renamed Atlantic Rayon Corporation and manufactured parachutes. The company soon started manufacturing civilian products and renamed the company Texton. In 1953, its founder transformed it into a conglomerate by acquiring Burkart Manufacturing Company. This company acquired Pipistrel, an aircraft manufacturer, in 2022.
