Textron hopes for profits in 2011 after restructuring

02/11/2010 | Reuters

Textron expects to increase profits in 2011 and will shed more than 350 jobs to cut costs this year. Textron, which makes corporate jets, Bell helicopters, EZ-Go golf carts and military vehicles, reiterated that profits would likely drop to between 30 cents and 50 cents per share in 2010.

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