At Textron, Aviation Segment Rises, but Bell Slips | Aviation International News

At Textron, Aviation Segment Rises, but Bell Slips

Textron’s aviation division delivered 35 Cessna Citations and eight King Airs during the first quarter, while Bell shipped 34 helicopters.

By Chad Trautvetter • Online Editor

May 1, 2014

First-quarter revenues at Textron Aviation, which includes Cessna and Beechcraft, were up $77 million, to $785 million, thanks to the mid-March acquisition of Beechcraft, higher jet deliveries and higher aftermarket sales but offset by fewer pre-owned sales and falling revenue at CitationAir. The division recorded a profit of $14 million in the quarter versus a loss of $8 million a year ago, helped by firmer pricing and higher jet volumes.

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