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While CEO of Textron in 2008, Lewis B. Campbell earned a total compensation of $9,833,127, which included a base salary of $1,100,000, a cash bonus of $617,980, stocks granted of $5,314,507, and options granted of $2,149,798. [1] On December 1, 2009, Campbell retired as CEO of Textron as part of a multi-year succession plan.
Shares in Textron plummeted to as low as $10.09 per share in the aftermath of the 2008 economic downturn, driving its market capitalization down to just $3.17 billion. [citation needed] While the company lost 75% of its value in the first ten years of Campbell's leadership, he managed to take home over $120 million in compensation. His salary ...
The strike began on Sept. 23.
Temporarily embarrassed by the revelation, Textron released a statement proclaiming that Pelton was chosen for his 30-year-long career in leadership and not for his faked diplomas. Pelton testified in favor of a property tax increase to build an aviation training facility that would benefit Cessna at an August 9, 2006 Sedgwick County Commission ...
Striking Textron employees picket in front of the facility on Greenwich Rd. Around 5,000 members of the IAM Local 774 are on strike after rejecting the company’s latest contract offer on ...
AAI Corporation is an aerospace and defense development and manufacturing firm, located in Hunt Valley, Maryland, US. Formerly a wholly owned subsidiary of United Industrial Corporation, AAI was acquired by Textron in 2007. It currently operates as a unit of Textron Systems and employs more than 2,000.
Textron eViation Nexus Tiltrotor eVTOL model at EBACE 2023. Textron completed its purchase of Beech Holdings in March 2014 for approximately US$1.4 billion in cash. The parent company, Textron, financed the equity purchase and the repayment of Beechcraft's debt in cash, plus its issue of US$600 million in senior notes and a new US$500 million five-year term loan.
Bell Textron Inc. is an American aerospace manufacturer headquartered in Fort Worth, Texas. A subsidiary of Textron , Bell manufactures military rotorcraft at facilities in Fort Worth, and Amarillo, Texas , United States as well as commercial helicopters in Mirabel, Quebec , Canada .