Textron to Pause Output of Powersports Products, Pursues Alternatives for Unit

Textron TXT -0.38%decrease; red down pointing triangle said it will pause production of powersports products and was pursuing strategic alternatives for the business unit as demand for all-terrain vehicles and similar goods remains soft.

The maker of aviation, defense and other industrial products said Wednesday in a securities filing that output of powersports products such as snowmobiles and ATVs from the industrial segment’s specialized-vehicle business will be paused indefinitely in the first half of 2025 after customer commitments are met.