M&A Deal Summary

Textron Acquires United Industrial

On October 8, 2007, Textron acquired defense company United Industrial for 1.1B USD

Acquisition Highlights
  • This is Textron’s 2nd transaction in the Defense sector.
  • This is Textron’s 2nd largest (disclosed) transaction.
  • This is Textron’s 23rd transaction in the United States.
  • This is Textron’s 1st transaction in Maryland.

M&A Deal Summary
Date 2007-10-08
Target United Industrial
Sector Defense
Buyer(s) Textron
Deal Type Add-on Acquisition
Deal Value 1.1B USD

Target

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.

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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 39 of 48
Sector (Defense) 2 of 3
Type (Add-on Acquisition) 31 of 39
State (Maryland) 1 of 1
Country (United States) 23 of 30
Year (2007) 1 of 2
Size (of disclosed) 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-19 Innovative Survivability Technologies

Goleta, California, United States

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

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-04 Columbia Aircraft Manufacturing

Bend, Oregon, United States

Columbia Aircraft Manufacturing Co. is a producer of high-performance, single-engine aircraft.

Buy $26M
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