Textron Inc. consists of numerous subsidiaries and operating divisions which may be referred to on this website as Textron businesses, business units, operating units or divisions. The subsidiaries are charged with the day-to-day responsibility for their operations and are separate and distinct legal entities. The operating divisions are also separately managed with regard to day-to-day operations. Textron Inc., through its Corporate Office, provides oversight, broad direction and assistance when necessary to its businesses consistent with legal requirements and sound and generally accepted corporate governance practices.
Bell Textron Inc. (“Bell”) is a wholly-owned subsidiary of Textron Inc. Bell has a number of subsidiaries. Textron Aviation Inc., which has various subsidiaries and other operations, is wholly-owned by Textron Inc. The Textron Systems group of businesses includes Avco Corporation (“Avco”) which is a wholly-owned subsidiary of Textron Inc.; Textron Systems Corporation, an indirect wholly-owned subsidiary of Avco, which has various subsidiaries; and Lycoming Engines, an operating division of Avco. Kautex conducts its business through a number of separately incorporated companies and other operations. Textron Specialized Vehicles Inc., which has various subsidiaries, is a wholly-owned subsidiary of Textron Inc. as is Textron E-Z-GO LLC. Textron Financial Corporation (“Textron Financial”) is a wholly-owned subsidiary of Textron Inc. Textron Financial has several subsidiaries. PIPISTREL’s business is conducted through three separately incorporated entities which are owned by an indirect subsidiary of Textron Inc.
