At Textron, Bell Surges while Cessna Struggles | Aviation International News

At Textron, Bell Surges while Cessna Struggles

By Chad Trautvetter • Online Editor

April 19, 2012

Cessna Aircraft and Bell Helicopter parent company Textron reported first-quarter revenues of $2.9 billion yesterday, up 15.2 percent from a year ago, and $247 million in manufacturing profits, an $80 million increase attributable largely to Bell. While quarterly revenues at Cessna increased by $113 million year-over-year, to $669 million, the division still recorded a loss of $6 million, though the red ink was shallower than the $38 million loss in last year’s first quarter. At Bell, first-quarter revenues soared to $994 million, up $245 million from a year ago, and profit increased by $54 million to $145 million.

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