Textron beats profit estimates on higher pricing of business jets

Cessna employee Dwight Bennett works inside of a jet during a tour of the Cessna business jet assembly line at their manufacturing plant in Wichita, Kansas August 14, 2012. REUTERS/Jeff Tuttle/File Photoraised its full-year adjusted earnings per share forecast on Thursday, as stronger pricing of business jets and military helicopters continues to offset inflationary costs and drive revenue growth in its Aviation segment.

Textron's sizeable order backlog grew to $6.8 billion in the second quarter, up from $6.5 billion sequentially, driving revenue generating capacity in the future.The company now expects full-year adjusted earnings per share to be between $5.20 and $5.30, up from its prior outlook of $5.00 to $5.20

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