About Textron Fastening Systems

01 Dec 2005

Textron Fastening Systems, a $1.9-billion business unit of Textron Inc. (NYSE: TXT), is a leading global provider of value-based fastening solutions, including engineered fastening systems, state-of-the-art assembly technology, and inventory management and application engineering services. Its global products and services include a broad array of threaded fasteners, blind fastening systems, cold-formed components, installation tools, automated assembly systems and solutions, applications engineering, and full-service-provider fastener management services.
Global Headquarters: Michigan, USA
Employees: About 10,000 globally - with more than half based outside the US.
Locations: More than 40 operating facilities in 17 countries serving customers in over 150 countries.
Key Markets: Automotive, aerospace, construction, industrial, electronics, telecommunications, and non-automotive transportation.
History: Textron Fastening Systems was formed in 1995 with the merger of five Textron fastening companies to create a global fastener group that immediately became one of the world''s largest producers of engineered fastening products and solutions.
2004 Sales: $1.9 billion, or approximately 19% of Textron''s total 2004 revenues.

Sales by Industry in 2004
Automotive
56 per cent
Industrial, Electronics and Construction
18 per cent
MRO
16 per cent
Non-Automotive Transportation
7 per cent
Aerospace
3 per cent

Sales by Product Line in 2004
Standard Threaded
43 per cent
Engineered Components
24 per cent
Engineered Threaded
17 per cent
Blind Fasteners
11 per cent
Stampings
3 per cent
Installation Systems
2 per cent

Sales by Geographic Region in 2004
United States
47 per cent
Europe
40 per cent
Asia Pacific
6 per cent
Latin America - Mexico
4 per cent
Canada
3 per cent