Textron Aviation NetJets Ink Fleet Agreement For Up To 1,500 Cessna Citation Jets; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Textron Aviation and NetJets have signed a fleet agreement for up to 1,500 Cessna Citation Jets. The deliveries of the Citation Ascend are expected to begin in 2025. The financial terms of the deal were not disclosed.
September 20, 2023 | 10:03 am
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Textron Aviation, a unit of Textron Inc., has secured a significant deal with NetJets for up to 1,500 Cessna Citation Jets. This could potentially boost Textron's revenues in the coming years.
The deal between Textron Aviation and NetJets for up to 1,500 Cessna Citation Jets is a significant one. It could potentially lead to a substantial increase in revenues for Textron in the coming years, starting from 2025 when the deliveries are expected to begin. This is likely to have a positive impact on Textron's stock price in the short term.
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