Pilatus Revenues Exceed $1 Billion for First Time

 - April 10, 2014, 2:25 PM

For the first time in its 75-year history, Pilatus Aircraft revenues exceeded $1 billion last year, reaching $1.25 billion, the Swiss company announced yesterday in its annual report. This is a 70-percent increase over revenues in 2012, it noted. Profit was $165 million last year, nearly triple the previous year’s figure. The annual report also revealed that Pilatus plans to roll out the first PC-24 twinjet at its plant in Stans, Switzerland, on August 1. Pilatus launched the light utility jet last year at EBACE.