Textron Aviation has released its third-quarter financial results for 2024, showing that a recent four-week strike in Wichita has greatly impacted production and caused delays in aircraft deliveries. 

“In the third quarter, Textron Aviation experienced a strike upon the expiration of its existing labor agreement with bargaining unit employees that was recently settled with the ratification of a new five-year contract,” Scott C. Donnelly, Chairman and CEO of Textron, said in a press release published on October 24, 2024. 

The strike led to a revenue decrease of about $50 million and a profit drop of around $30 million. Overall revenue remained stable at $1.3 billion compared to last year, with a $36 million rise in prices mostly offset by a decline in delivery volume. 

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