BNY Mellon Asset Servicing will provide global custody, cash sweep, and foreign exchange direct-dealing services, as well as performance and risk analytics.

Textron leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with new solutions and services. Textron is known for its brands such as Bell Helicopter, Cessna Aircraft, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems.

Textron director of pension investments Keith Watson said that Textron need a company with the global reach and comprehensive investment services of BNY Mellon to help the firm manage a retirement plan that supports more than 76,000 employees and retirees worldwide.