Cessna and Bell Find Their Footing in 2011 | Aviation International News

Cessna and Bell Find Their Footing in 2011

By Chad Trautvetter • Online Editor

January 26, 2012

Cessna Aircraft and Bell Helicopter parent company Textron yesterday reported a loss of $19 million in the fourth quarter, versus a $60 million profit in the same period in 2010, despite increased revenues and profits at the two aerospace units. Though Cessna delivered 12 fewer Citations in the quarter compared with the previous year–67 versus 79–revenue climbed by $51 million, to $1.011 billion, thanks to a higher sales volume of pre-owned jets, piston singles and Caravan turboprop singles.

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