Innovation: In Our DNA

Breakthrough innovation is ingrained in our culture, key to our future and central to how we bring products and solutions to light. Our innovation ecosystem harnesses internal and external resources through collaborative relationships with entrepreneurs, academic institutions, research labs and others.

In innovative hubs around the world where commercial, startup and academic resources are concentrated, our businesses have launched offsite breakthrough innovation centers dedicated to developing game-changing solutions, each with long-term potential to generate annual revenue in excess of $100 million.

The breakthrough teams within Tools, Outdoor, Engineered Fastening and Aerospace Manufacturing pursue ideas on their own, but also collaborate. A centralized breakthrough team serves as a shared resource to coordinate efforts, drive internal initiatives and explore ideas that cross over our traditional businesses.

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We may be a large, global company with deep roots and a rich history, but that doesn’t mean we can’t be agile. At the end of the day, innovation is part of our DNA.