Textron reported a $220 million profit in the first quarter while unveiling plans to separate its industrial arm.

The Providence‑based conglomerate will explore a sale or a tax‑free spinoff of its $3 billion industrial unit, freeing capital for its core aerospace and defense businesses.

The move signals a sharpened focus on Cessna, Beechcraft and Bell rotorcraft, which together are projected to generate over $12 billion in revenue this year, underscoring Textron’s intent to double‑down on higher‑margin aviation assets.

Investors will watch the transaction carefully, as the split could unlock value for shareholders and provide the company with a clearer growth trajectory in a competitive defense market.