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Business/Financial

Textron Profits Rise On Gains In Aviation Business, Lower Expenses

By Cal Biesecker

Tuesday, July 28th, 2015

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Textron Profits Rise On Gains In Aviation Business, Lower Expenses

A US. Marine Corps V-22 lifting off a ship. Photo: U.S. Navy

Textron [TXT] on Tuesday posted higher net income in its second quarter due to strong results in its airplane making segment and lower interest and corporate expenses although sales dipped on fewer plane and helicopter deliveries.Net income increased 16 percent to $167 million, 60 cents earnings per share (EPS), from $144 million (51 cents EPS), eking by consensus estimates by a penny. Sales fell 7 percent to $3.2 billion from $3.5 billion.Overall segment operating profits were up less than a…

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