Latest In Textron
Industrial segment sales for the manufacturer increased 4 percent for the year.
The acquisition will expand Textron’s general aviation business.
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The acquisition expands capabilities in power utility.
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Sales at Cessna decreased as the light-to-midsize business jet market remained soft.
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Cessna, Bell and finance segment sales declined; Textron Systems and industrial sales increased.
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Move broadens position in utility marketplace.
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Revenues at Cessna and Textron Systems increased; revenues fell for Bell, industrial and finance.
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