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Industrial segment sales for the manufacturer increased 4 percent for the year.
The acquisition will expand Textron's general aviation business.
The acquisition expands capabilities in power utility.
Sales at Cessna decreased as the light-to-midsize business jet market remained soft.
Cessna, Bell and finance segment sales declined; Textron Systems and industrial sales increased.
Move broadens position in utility marketplace.
Revenues at Cessna and Textron Systems increased; revenues fell for Bell, industrial and finance.