Cessna Blames Higher CJ4 Costs for 1Q Loss

By Kerry Lynch .

Despite steadily improving sales and flat deliveries, Cessna posed a $38 million segment loss in the first quarter, leading Scott Donnelly, Chairman and CEO of Cessna parent Textron, to call the operation performance below expectations and to promise that more cost-control measures are ahead.

The operating loss was greater than the $24 million loss ...

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