Textron Aviation saw a strong third quarter with revenue of $1.3 billion, a 14.7 percent year-over-year increase, according to results released Thursday morning during the company’s earnings call. The increase reflected a mix of higher volume ($89 million) and higher pricing ($82 million), the company said.
“At Aviation, we saw our strongest order quarter of the year with a 12 percent increase over the third quarter of 2022,” said Textron chairman and CEO Scott Donnelly. “Eventually, the industry has to get to [a book-to-bill of] 1:1. I don’t really think it can continue to exceed that much for that long, but obviously, our sales teams are out there and customer demand is what it is. We’re still seeing strong jet demand; we’re seeing it across all the turbo product lines, we’re seeing it virtually across all of our different aircraft types.”
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