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Textron plans to split industrial arm after 12% revenue rise
Textron Inc. reported a 12% increase in first-quarter 2026 revenues to $3.7 billion, with EPS of $1.25, and announced its intent to separate its Industrial segment. The separation aims to create a pure-play Aerospace & Defense platform and drive long-term value, exploring options including a sale or a tax-free split. Performance was strong across Textron Aviation, Bell, and Textron Systems, while the Industrial segment saw a slight revenue decrease but improved profit due to efficiencies.