Hawker Beechcraft Numbers Mixed for 2Q

AINalerts » August 9, 2007
August 9, 2007, 11:05 AM

Although the second quarter of this year raised the order backlog at Hawker Beechcraft to a record $5.1 billion, roughly double what it was at this time last year, the realities of purchasing Raytheon’s aircraft division led to an operating loss of $36.6 million. Sales for the second quarter, or the value of aircraft out the door, were down 10 percent from last year to $701 million, despite the fact the manufacturer delivered two more aircraft in the same period. The mix of aircraft delivered likely hurt the cause, as the company delivered 30 jets, six fewer than the same period last year, in the second quarter. The company did not deliver any Hawker 4000s during the quarter. However, the future looks bright for Hawker Beechcraft, as the value of orders was up more than 300 percent from a year ago, to $1.9 billion. The massive increase stemmed partly from an order for 32 Hawker 4000s from NetJets Europe.

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