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Subsidy Tracker Parent Company Summary
Parent Company Name: Textron
Ownership Structure: publicly traded (ticker symbol NYSE: TXT)
Headquartered in: Rhode Island
Major Industry: aerospace and military contracting
Specific Industry: aerospace & military contracting
Subsidy Summary | Subsidy Value | Number of Awards |
State/Local | $68,676,282 | 74 |
Federal (grants and allocated tax credits) | $4,770 | 1 |
TOTAL | $68,681,052 | 75 |
Loan / Bailout Summary | Total Face Value | Number of Awards |
State/Local loans, bond financing and venture capital | $1,505,906,989 | 31 |
Federal loans, loan guarantees and bailout assistance (not including repayments) | $1,288,745,410 | 59 |
TOTAL | $2,794,652,399 | 90 |
Time Period for State and Local Awards: Earliest year of data: 1994. Availability of data for earlier years varies greatly from program to program. The majority of the listings for this parent company are for the period since 2009.
Time Period for Federal Awards: FY2000 to the present
Notes: Dollar totals do not include awards for which no subsidy value is disclosed.
Links: For a summary of this company's regulatory violations see its Violation Tracker summary page
here.
Top 5 States for state/local awards | Total Subsidy $ | Number of Awards |
Kansas | $40,100,000 | 2 |
Louisiana | $18,712,427 | 31 |
Florida | $1,865,000 | 2 |
Maryland | $1,285,457 | 17 |
Georgia | $1,200,000 | 2 |
All other | $5,513,398 | 20 |
Individual Subsidy Records:
Click on the company name for more information on each subsidy award.
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Company | Location | Subsidy Source | Year | Subsidy Value | Loan/Bailout Value | Type of Subsidy |
Litchfield Financial Corp. | Massachusetts | state | 1997 | undisclosed | | tax credit/rebate |
Textron Marine | Louisiana | local | 1997 | $2,625 | | enterprise zone |
Textron Marine | Louisiana | local | 1997 | $102,500 | | enterprise zone |
Cessna Aircraft Co. | Kansas | local | 1997 | | $11,245,000 | loan or bond financing |
Cessna Aircraft Co. | Kansas | local | 1997 | | $54,500,000 | loan or bond financing |
Cessna Aircraft Co. | Kansas | local | 1996 | | $54,000,000 | loan or bond financing |
EVART PRODUCTS TEXTRON | Michigan | local | 1995 | undisclosed | | property tax abatement |
Cessna Aircraft Co. | Kansas | local | 1995 | | $46,000,000 | loan or bond financing |
Textron Automotive Exteriors | Michigan | state | 1995 | undisclosed | | property tax abatement |
Cessna Aircraft Co. | Kansas | local | 1994 | | $44,800,000 | loan or bond financing |
Cessna Aircraft Co. | Kansas | local | 1994 | | $48,100,000 | loan or bond financing |
Cessna Aircraft Co. | Kansas | local | 1994 | | $44,130,000 | loan or bond financing |
Cessna Aircraft Co. | Kansas | local | 1994 | | $30,000,000 | loan or bond financing |
Cessna Aircraft Co. | Kansas | local | 1994 | | $11,000,000 | loan or bond financing |
Cessna Aircraft Co. | Kansas | local | 1994 | | $12,100,000 | loan or bond financing |
Textron / Lycoming Engines | Pennsylvania | state | | $300,000 | | training reimbursement |
Lycoming Engines, a divison of Avco Corporation, a wholly owned subsidiary of Textron Inc | Pennsylvania | state | | $250,000 | | grant |
Cessna | Kansas | local | | | $8,000,000 | loan or bond financing |