Textron Cuts Legacy Production Rates | Aviation International News

Textron Cuts Legacy Production Rates

Latitude production will be up 30 percent, offsetting drop off in legacy models.

Textron Aviation will trim production of legacy jets such as the Citation X+ and Sovereign+ as it expands output of newer models, such as the Latitude and, later this year, the Longitude. (Photo: Cessna)

By Kerry Lynch • Editor, AIN monthly magazine

January 25, 2017

Textron Aviation expects to boost its Citation Latitude output by nearly 30 percent in 2017, but at the same time is planning production rate cuts by almost as much throughout the rest of its Citation jet line, company executives told analysts this morning. Releasing its fourth quarter 2016 results today, Textron forecast that revenues for Textron Aviation 2017 would remain flat at roughly $5 billion.

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