Textron Announces Plan to Separate Industrial Segment from Aerospace & Defense Businesses
Textron announced plans to separate its industrial operations from aerospace and defense (A&D) within the next 12–18 months, aiming to create a pure-play A&D company with $12 billion in revenue. The first-quarter results showed strong performance with increased revenue and profit.
Tickers: $TXT
Topics: aerospace defense industrial separation revenue growth