The parent company of Wichita’s Textron Aviation will eliminate jobs and close some operations, according to a Securities and Exchange Commission filing.
Providence, R.I.-based Textron Inc. said in the filing that its restructuring plan will include “implementing headcount reductions, facility consolidations and other actions in order to improve overall operating efficiency across Textron.”
Textron said in the filing that the actions will affect units in its Textron Systems and Textron Industrial businesses. Specifically, it will cease production of its “sensor fuzed weapon product” – also known as a cluster bomb – in Textron Systems, which has seen decreased orders.
“Historically, sensor-fuzed weapons sales have relied on foreign military and direct commercial international customers for which both executive branch and congressional approval is required,” Textron said in the filing. “The current political environment has made it difficult to obtain these approvals.”
It also will combine its Jacobsen mower business with Textron Specialized Vehicles – golf carts, aircraft tugs and ATVs – which the company said in the filing would result “in the consolidation of certain facilities and general and administrative functions.”
The restructuring is expected to be mostly complete by March 2017, Textron said. The company did not specify exact locations or the number of employees affected by the restructuring in its industrial and systems businesses.
But the actions won’t affect Textron Aviation, which manufactures Cessna and Beechcraft aircraft and is one of Wichita’s biggest employers, a Textron Inc. spokesman said Wednesday.