Revenue and Profit Growth
Revenues in the quarter were $3.6 billion, up 5% or $175 million from last year's third quarter. Segment profit in the quarter was $357 million, up 26% or $73 million from the third quarter of 2024.
Aviation Segment Success
Textron Aviation reported revenues of $1.5 billion, up 10% or $138 million from the third quarter of 2024. Segment profit was $179 million, up 40% or $51 million from a year ago.
Backlog Growth in Aviation and Systems
Aviation backlog ended the third quarter at $7.7 billion, and Textron Systems backlog increased by $980 million, ending the quarter at $3.2 billion.
New Leadership Appointment
Lisa Atherton was elected as the new President and CEO, effective January, marking a smooth internal promotion.
Strong Aftermarket Performance
Aviation's aftermarket revenue grew by 5% compared to last year's third quarter.
Successful Product Certification
Textron Aviation completed the certification of the CJ3 Gen2 and autothrottles on the M2 Gen2, and the Latitude received FAA certification for new features.