Beechcraft Buoys Textron Aviation in First Quarter
Jet deliveries fell by two in first quarter, while turboprop twin deliveries climbed by three.

Jet deliveries at Cessna Aircraft fell nearly 6 percent year-over-year in the first quarter, but Textron Aviation managed to log higher revenue and profit thanks to Beechcraft, Scott Donnelly, chairman and CEO at parent company Textron, said today during a quarterly investor conference call. Revenue at Textron Aviation soared by $266 million, to $1.051 billion, “primarily reflecting the impact of the Beechcraft acquisition” in March last year. The segment also reported a profit of $67 million in the first quarter, compared with $14 million a year ago.