Avco

Avco Corporation is a subsidiary of Textron which operates Textron Systems Corporation and Lycoming.

Avco Timeline:

Subject ID: 40537

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Avco Corporation is a subsidiary of Textron which operates Textron Systems Corporation and Lycoming.

Avco Timeline:

• 1929 Aviation Corporation (AVCO) holding company formed by multiple participants
• 1932 Airplane Development Corporation formed by Gerard F. "Jerry" Vultee; Errett Lobban Cord soon takes it over
• 1934 AVCO acquired the Airplane Development Corporation from Cord and formed the Aviation Manufacturing Corporation (AMC)
• 1936 AMC liquidated to form the Vultee Aircraft Division, an autonomous subsidiary of AVCO
• 1939 Vultee Aircraft Division of AVCO reorganized as an independent company known as Vultee Aircraft, Inc.
• 1941 Consolidated Aircraft Corporation sold to AVCO
• 1943 Consolidated-Vultee, known as Convair, formed by the merger of Consolidated Aircraft and Vultee Aircraft; still controlled by AVCO
• 1947 Convair acquired by the Atlas Corporation
• 1947 AVCO name changed to Avco Manufacturing Corporation
• 1959 Avco Manufacturing Corporation name changed to Avco Corporation
• 1984 Textron acquires Avco Corporation, renames it Avco Systems Textron
• 1985 Avco Systems Textron becomes Textron Defense Systems
• 1995 Textron Systems Corporation is created, consisting of what is now Textron Defense Systems, Textron Marine & Land Systems, and Lycoming

 

Subject ID: 40537

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