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Textron reports fourth- quarter 2019 results

Revenues at Textron Aviation of US$1.7 billion were up 11%, primarily due to higher volume and mix, largely reflecting the Longitude’s entry into service. Textron Aviation delivered 71 jets, up from 63 last year, and 59 commercial turboprops, down from 67 last year. Segment profit was US$134 million in the fourth quarter, down from US$170 million a year ago, primarily due to the mix of products sold and an unfavorable impact from inflation, net of pricing. Textron Aviation backlog at the end of the fourth quarter was US$1.7 billion.

Bell revenues were US$961 million, up 16% from US$827 million last year, primarily on higher commercial volume. Bell delivered 76 commercial helicopters in the quarter, up from 46 last year. Segment profit of US$118 million was up US$10 million, largely on the higher commercial volume. Bell backlog at the end of the fourth quarter was US$6.9 billion.

Revenues at Textron Systems were US$399 million, up 16% from US$345 million last year, primarily due to higher volume. Segment profit of US$33 million was down from US$37 million last year, due to unfavorable performance, partially offset by higher volume and mix. Textron Systems’ backlog at the end of the fourth quarter was US$1.2 billion.


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