Aircraft
Textron Aviation Deliveries, Demand Remain Stable
Textron Aviation acknowledged some continuing impact from supply-chain issues and that revenues will improve at helicopter division Bell.
Textron Aviation Staff with banner celebrating the 400th delivery of a Cessna Citation CJ4 aircraft in background
Textron Aviation, reporting revenue growth and stable deliveries, this week celebrated the handing over of the 400th Cessna Citation CJ4 business jet to Koch Holdings. (Image: Textron)

Deliveries of Textron Aviation business aircraft remained stable during the first quarter of 2023 with a slight uptick in commercial turboprops (34 versus 31 in the same period last year) compensating for a drop from 39 to 35 jets. In an earnings call with analysts on Thursday, the parent company Textron reported that revenues at its Textron Aviation segment grew by 10.5 percent during the first three months of this year to $1.1 billion, contributing to the $3 billion in corporate-wide revenues that were unchanged over 2022.

Textron Aviation contributed $125 million to the $259 million in corporate-wide profits, achieving an increase of $15 million. The company said this improvement was largely due to favorable pricing levels for its aircraft and higher volumes. The division’s order backlog at the end of the first quarter was valued at $6.5 billion.