Textron Systems reports higher sales

By Marjorie Censer / July 22, 2016 at 10:13 AM

Textron Systems, the unit within Textron that includes UAVs, command and control technology and logistics support, among other areas, said today that revenue in its most recent quarter increased $165 million -- or 51 percent -- compared to the prior year's quarter "primarily due to higher volumes in our Weapons and Sensors and Unmanned Systems product lines."

The unit's profit hit $60 million, well over the $21 million in profit the unit recorded in the same period the prior year.

At Bell Helicopter, also a Textron business, quarterly sales were down $46 million -- or 5 percent -- from last year. The company said it delivered the same number of V-22s and more H-1s than in the same period the prior year, but its commercial helicopter deliveries dropped. The unit's profit for the three-month period fell nearly 20 percent.

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