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Oct. 28, 2021, 7:12 a.m. EDT

Textron Raises 2021 Outlook

By Dave Sebastian

Textron Inc. said it raised its outlook for the full year as the company reported higher third-quarter profit and revenue.

The company, which has aircraft, defense, industrial and finance businesses, on Thursday said it expects earnings from continuing operations of $3.17 to $3.29 a share, or $3.20 to $3.30 a share on an adjusted basis. It previously expected earnings from continuing operations of $2.97 to $3.21 a share, or $3.00 to $3.20 a share on an adjusted basis.

The company said it expects cash flow from continuing operations of the manufacturing group before pension contributions to be $1 billion to $1.1 billion, with planned pension contributions of about $50 million. It previously expected the metric to be $800 million to $900 million, with planned pension contributions of about $50 million.

Write to Dave Sebastian at dave.sebastian@wsj.com

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