Posts Tagged ‘Textron’

Cessna is building a military jet

Tuesday, September 17th, 2013

Scorpion_for-WebCessna Aircraft has very quietly built an econo military jet named Scorpion aimed at the jobs the bigger, meaner jets can do only at great expense, such as homeland security and border patrol. It’s had its first engine test. With its straight wing, it will go slowly enough to intercept slower aircraft, but can hit 450 knots when angry. Cessna built it for AirLand, another Textron company, and used a little bit of Citation jet technology along with engines used on many business jets. It should fly in two or three weeks. It’s said to cost more than a turboprop and less than a fighter jet. It was announced at the Air Force Association convention this week.

Cessna lays off workers

Saturday, May 25th, 2013

Local Wichita television station KAKE reports the layoffs announced this week by Cessna Aircraft total 100 workers. Cessna had not announced totals. The layoffs come in addition to a voluntary retirement program announced earlier this year. Cessna lost $8 million in the first quarter, causing parent company Textron officials to reduce their earnings forecast. A loss is expected in the second quarter too, but profitable quarters are expected to resume late in the year when deliveries of the upgraded Sovereign jet begin.