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Business Jets, Commercial Helicopters Power Strong Second Quarter At Textron

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Textron [TXT] recently posted strong second quarter financials on the strength of increased demand for its business jets and commercial helicopters and a swing to a profit in its Finance segment. Net income nearly doubled to $172 million, 58 cents earnings per share (EPS), from $90 million (29 cents EPS), trumping consensus estimates by 14 cents per share. Segment income at the Bell helicopter operations and the Cessna aircraft division accounted for most of the profit gains followed by the…

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