E-Z-GO 2010 Annual Report Download - page 36

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24
Textron Systems Revenues and Operating Expenses
Factors contributing to the 2010 year-over-year revenue change are provided below:
(In millions)
2010 versus
2009
Volume
$ 83
Other (3)
Total change
$ 80
Revenues at Textron Systems increased $80 million, 4%, in 2010, compared with 2009, largely due to a $151 million increase in our UAS
product line revenues, primarily due to higher volume, partially offset by a $55 million decrease in our Land and Marine Systems and Weapons
and Sensors product lines.
Textron System’s operating expenses increased $90 million, 5%, in 2010, compared with 2009, primarily due to higher net sales
volume and inflation, primarily due to higher pension costs.
Factors contributing to the 2009 year-over-year revenue change are provided below:
(In millions)
2009 versus
2008
Volume
$ 15
Other
4
Total change
$ 19
In 2009, revenues at Textron Systems increased $19 million, 1%, compared with 2008, primarily due to a $55 million increase in our UAS
product line revenues, primarily due to higher volume, partially offset by a $36 million decrease in our Mission Support and Other product line,
largely due to lower aircraft engine volume resulting from a decline in aircraft production as aircraft manufacturers cut production levels in
response to lower demand.
Textron System’s operating expenses increased $30 million, 2%, in 2009, compared with 2008, principally due to higher net sales
volume.
Textron Systems Segment Profit
Factors contributing to 2010 year-over-year segment profit change are provided below:
(In millions)
2010 versus
2009
Volume
$ 9
Inflation
(14)
Other (5)
Total change
$ (10)
Segment profit at Textron Systems decreased $10 million in 2010, 4%, compared with 2009, as the $26 million impact of the higher UAS
volume was offset by a $19 million impact from lower volumes in the Land and Marine Systems and Weapons and Sensors product lines and
$14 million in inflation, primarily due to higher pension costs.
Factors contributing to 2009 year-over-year segment profit change are provided below:
(In millions)
2009 versus
2008
Volume
$ (10)
Other
(1)
Total change
$ (11)
In 2009, segment profit at Textron Systems decreased $11 million, 4%, compared with 2008, primarily due to the $28 million impact of lower
volume in the Mission Support and Other product line, partially offset by the $22 million impact of higher volumes in the Weapons and
Sensors and UAS product lines.
Textron Systems Backlog
In 2009, backlog decreased $526 million, 24%, primarily due to deliveries on existing government contracts for UAS and armored
security vehicles.