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Cessna - Modest Upturn In 2011

Cessna is preparing for further decline in production next year, but Textron remains committed to bizjets

Cessna Aircraft is preparing for a further decline in production next year before a modest upturn begins in 2011, with "momentum beginning from there," Textron Chairman and CEO Lewis Campbell told investors last week in a business update. After the second quarter, Textron executives believed they were beginning to see early signs of market stabilization, Campbell said, and added, "Now, we think, we've begun to see somewhat of a trend."

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