Textron Aviation Continues Investment In Bestselling Cessna Citation Business Jets With Introduction Of New Cessna Citation CJ3 Gen2
Portfolio Pulse from Benzinga Newsdesk
Textron Aviation, a subsidiary of Textron Inc. (NYSE:TXT), has announced the introduction of a new Cessna Citation business jet, the Cessna Citation CJ3 Gen2. The new jet, which is expected to enter service in 2025, features enhancements in the cockpit and cabin, and is designed to operate using Sustainable Aviation Fuel (SAF). The company is already taking orders for the new jet.
October 16, 2023 | 12:37 pm
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The announcement of the new Cessna Citation CJ3 Gen2 by Textron Aviation could potentially boost Textron Inc.'s stock in the short term due to the anticipation of increased sales and revenue.
The introduction of a new product, especially one that is already receiving orders, typically generates positive sentiment among investors. This could lead to increased demand for Textron Inc.'s stock, potentially driving its price up in the short term.
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