A favorable impact by the Ex-Cell-O acquisition...

A favorable impact by the Ex-Cell-O acquisition and increased deliveries under the B-1B wing program was responsible for Providence, R.I.-based Textron Inc.’s 31% rise in revenue and a 22% increase in income from continuing operations for the first quarter. We are well under way with our plans to reduce debt by selling certain businesses that no longer fit our strategic objectives, a spokesman said.