Textron’s second-quarter revenues of $3.2 billion were up 26 percent from last year, driven primarily by double-digit gains at Bell and Cessna. Bell segment revenues increased $199 million and profit was up $12 million due to higher V-22 Osprey revenue. At Cessna, revenues grew by $410 million, to $910 million, due to higher Citation, single-engine, Caravan and pre-owned aircraft deliveries, as well as the consolidation of CitationShares. The division’s quarterly profit increased $77 million over the same period last year. Cessna plans to deliver 240 Citations this year and will increase production next year to 270 to 290 jets.
Cessna, Bell Lift Textron’s Financials
- October 4, 2006, 5:11 AM