Textron Sees Mixed Deliveries, Lower Profit in Q4 | Aviation International News

Textron Sees Mixed Deliveries, Lower Profit in Q4

Waning demand for legacy Citation jets and price inflation contributed to a 21 percent profit drop at Textron Aviation in the fourth quarter.

Textron Aviation delivered its first 13 Cessna Citation Longitude super-midsize twins in the fourth quarter of 2019. (Photo: Textron Aviation)

By Jerry Siebenmark • Senior Editor

January 29, 2020

Textron Aviation’s deliveries, revenue, and profit were mixed in the fourth quarter of 2019, affected in part by waning demand for its legacy Citation jets and price inflation, parent company Textron Inc. announced today. For the period, 71 jets—including 13 Longitudes—and 59 turboprops were delivered by the Beechcraft and Cessna airframer.

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