Textron Systems reports lower sales

Textron Systems said today sales in its most recent quarter hit $388 million, down from $477 million during the same three-month period a year earlier.

The company attributed the decline to lower volumes at its weapons and sensors business related to ending sensor fuzed weapon production in 2017. Additionally, Textron's marine and land systems business saw lower Tactical Armoured Patrol Vehicle deliveries.

The unit's quarterly profit was $40 million, down from $42 million a year earlier.