Four-week strike will affect aircraft deliveries in the fourth quarter. (10/24/2024)
The 41 Cessna Citation deliveries in the third quarter outpaced the 39 business jets shipped by Textron Aviation in the same period a year ago, despite the four-week strike of its aircraft production workers that ended earlier this week. Textron Aviation also delivered 25 turboprops (10 Caravans, three SkyCouriers, and 12 King Airs) in the quarter, down from 38 (14 Caravans, five SkyCouriers, and 19 King Airs) a year ago.
However, this manufacturing disruption will translate into fewer deliveries in the fourth quarter, Scott Donnelly—chairman, president, and CEO of parent Textron Inc.—said this morning during the company’s third-quarter investor call. Donnelly wouldn’t discuss how many fewer aircraft would be handed over to customers in the current quarter but said the strike will result in about a $500 million reduction in forecast revenues this year at Textron Aviation.