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Business/Financial

Textron’s Profit Up In Second Quarter On Weapons, Sensors, Industrial Businesses

By Cal Biesecker

Friday, July 22nd, 2016

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Textron Inc. [TXT] on Friday posted solid net income in the second quarter on higher sales as the company benefited from strong results in its businesses that sell weapons, sensors and industrial systems.Net income increased 6 percent to $177 million, 65 cents earnings per share (EPS), from $167 million (60 cents EPS) a year ago. Excluding discontinued operations, per share earnings in the quarter were 66 cents EPS, beating consensus estimates by two pennies.Profit in the Textron Systems segment increased…

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