Diversified manufacturer Textron Inc. (NYSE: TXT), Providence, Rhode Island, reported sales for the first quarter of $3.1 billion, down 5.7% from the prior-year quarter. Profit decreased 5.3% to $179 million.
Industrial sales for the quarter were down 19.4% year-over-year to $912 million, while aviation sales were up 12.3% to $1.1 billion.
Bell segment sales were down 1.7% to $739 million, while Textron systems sales were down 20.7% to $307 million.
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