Latest In Textron
Revenues at Textron Aviation of $1.2 billion were down $68 million from last years third quarter.
Scott Ernest named president and CEO of Industrial Segment and Textron Specialized Vehicles.
Deal includes all Textron Tools & Test businesses and brands.
2016 sales up 2.7 percent year-over-year.
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Company buys remaining interest in joint venture from partners.
Industrial segment sales for the manufacturer increased 10.8 percent for the year.
