Textron division awards contract for jet wings

PROVIDENCE – Cessna, a division of Rhode Island-based Textron Inc., has awarded a contract with a potential value of more than $1 billion to build wings for the Model 850 Cessna Citation Columbus business jet, Bloomberg News reported.
Vought’s engineering and tool design will occur at its Dallas headquarters. Production will be done in Nashville, Tenn., the company said in a statement last week. Cessna is part of Textron Inc.
Vought Aircraft Holdings Inc., which is 90-percent owned by the private equity firm the Carlyle Group, filed with the U.S. Securities and Exchange Commission on May 16 to take the parts maker public in an initial sale of shares. The holding company seeks to raise $250 million, according to the filing. Carlyle has owned the company since July 2000. &#8226