The Insider

Textron Systems reports sales boost

October 19, 2017 at 10:43 AM

Textron Systems said today sales in its most recent quarter reached $458 million, up $45 million from the same three-month period a year earlier.

The company attributed the bolstered revenue to "higher volume in the Marine and Land Systems product line," but noted it saw lower sales of its weapons and sensors products.

The unit's quarterly profit reached $40 million, down $4 million from the same period the prior year.