This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Textron Names Ellen Lord As President & CEO Of Textron Systems

Textron Inc. (NYSE:TXT) today announced that Ellen Lord has been named president and CEO of its Textron Systems segment. She succeeds Fred Strader who is retiring from the company.

Lord has been serving as the senior vice president and general manager of Textron Defense Systems (TDS), an operating unit of Textron Systems that manufactures smart weapons as well as advanced intelligence, surveillance, reconnaissance and protection systems.

Lord joined Textron in 1984 as a chemist for Textron’s Automotive Technology Center in Dover, N.H. where she led the development of an innovative new family of engineering thermoplastics. She transitioned to Textron Systems in 1998 and since then has held a variety of leadership roles across its many businesses, including senior vice president and general manager of AAI Corporation and vice president of integration management for Textron Systems.

Lord will report directly to Textron Chairman and Chief Executive Officer, Scott Donnelly. “Since taking over the leadership of TDS in January 2011, Ellen has effectively tackled the dynamics of an unpredictable defense industry and shifting customer demands, successfully realigning the business to drive a culture of superior execution and profitable growth,” said Donnelly. “She is a highly respected professional in the defense industry and for more than two decades, has been an outstanding leader at Textron with a proven track record in achieving profitable results. I am confident that her extensive experience in business strategy and execution—along with her high-energy approach to business development—make her the ideal candidate to help Textron Systems maximize its global growth opportunities.”

In reference to Lord’s predecessor, Fred Strader, Donnelly added, “Under Fred’s leadership, Textron Systems achieved several product milestones and program wins, including the successful launch of the Shadow TM Tactical Unmanned Aerial System and most recently, the capture of the U.S. Navy Ship-to-Shore Connector opportunity as well as Canada’s Tactical Armoured Patrol Vehicle Program. We thank him for his leadership and service to the corporation and wish him the very best in his retirement.”

About Textron Systems

Textron Systems has been providing innovative solutions to the defense, homeland security and aerospace communities for more than 50 years. Headquartered in Wilmington, Mass., the company is known for its unmanned aircraft systems, advanced marine craft, armored vehicles, intelligent battlefield and surveillance systems, intelligence software solutions, precision smart weapons, piston engines, test and training systems, and total life cycle sustainment and operational services. Textron Systems includes AAI Logistics & Technical Services, AAI Test & Training, AAI Unmanned Aircraft Systems, Advanced Systems, Aerosonde, ESL Defence, Lycoming Engines, Medical Numerics, MillenWorks, Overwatch, Textron Defense Systems and Textron Marine & Land Systems. More information is available at

About Textron Inc.

Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems. More information is available at

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,084.49 +33.74 0.20%
S&P 500 2,013.43 +15.91 0.80%
NASDAQ 4,830.47 +19.6820 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs