Textron ( (TXT) ) just unveiled an update.
Textron Aviation Inc. faces a strike by the International Association of Machinists and Aerospace Workers, affecting about half of its Wichita employees after they rejected a proposed four-year contract. With no clear end in sight for the strike or negotiations, the company’s ability to maintain production and delivery schedules is at risk, potentially harming Textron Inc.’s financial outcomes despite efforts to mitigate the impact.
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