Textron bets on rebound with new Cessna
Company investing in new products, deals as it plans for growth
Chicago
DEVELOPMENT teams are hard at work on a new, under-the-wraps Cessna jet as parent Textron Inc bets the US luxury aviation market is finally emerging from a recession-era collapse.
Growth is back in focus at Textron, which makes Cessnas, Bell helicopters and E-Z-Go golf carts. Scott Donnelly, chief executive officer of the US$12.6 billion manufacturer, is investing in new products and making acquisitions to boost profit.
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