M&A Deal Summary

Textron Acquires Innovative Survivability Technologies

On July 19, 2006, Textron acquired defense company Innovative Survivability Technologies

Acquisition Highlights
  • This is Textron’s 1st transaction in the Defense sector.
  • This is Textron’s 22nd transaction in the United States.
  • This is Textron’s 3rd transaction in California.

M&A Deal Summary

Date 2006-07-19
Target Innovative Survivability Technologies
Sector Defense
Buyer(s) Textron
Deal Type Add-on Acquisition

Target

Innovative Survivability Technologies

Goleta, California, United States
Innovative Survivability Technologies, Inc. is a supplier of defensive systems to military and homeland security customers.

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Buyer(S) 1

Buyer

Textron

Providence, Rhode Island, United States

Category Company
Founded 1923
Sector Diversified
Employees35,000
Revenue 13.7B USD (2023)
DESCRIPTION
Textron's corporate headquarters in downtown Providence, Rhode Island.
Textron's corporate headquarters in downtown Providence, Rhode Island.

Textron is a multi-industry company that leverages a global network of aircraft, defense, industrial and finance businesses to provide customers with products and services around the world. Textron conducts business through five operating segments: Cessna, Bell, Textron Systems and Industrial, and Finance. Cessna is a general aviation company with two principal lines of business: Aircraft sales and aftermarket services. Bell Helicopter is a supplier of military and commercial helicopters, tiltrotor aircraft, and related spare parts and services. Textron Systems’ product lines consist of unmanned aircraft systems, land and marine systems, weapons and sensors and a variety of defense and aviation mission support products and services. Textron Industrial designs and manufactures a variety of products under three principal product lines, including Fuel Systems and Functional Components, Golf and Turf Care, and Powered Tools, Testing and Measurement Equipment. Textron Finance is a commercial finance business that consists of Textron Financial Corporation. Textron was founded in 1923 and is based in Providence, Rhode Island.


DEAL STATS #
Overall 38 of 48
Sector (Defense) 1 of 3
Type (Add-on Acquisition) 30 of 39
State (California) 3 of 4
Country (United States) 22 of 30
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-01 Acument Global Technologies

Sterling Heights, Michigan, United States

Acument Global Technologies, Inc. is a provider of full-service fastening systems to customers in the aerospace, automotive, construction, electronics, industrial equipment and non-automotive transportation industries.

Sell $630M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-08 United Industrial

Hunt Valley, Maryland, United States

United Industrial Corporation (AAI) is a manufacturer of drones as well as unmanned aircraft systems, aircraft and satellite test equipment, training systems, counter-sniper devices, armament systems, aviation ground support equipment, logistical and engineering services, and maintenance, repair and overhaul activities.

Buy $1.1B