Both revenue and profit at Cessna decreased in the first quarter, compared with the same period last year, primarily due to delivering fewer jets–34 versus 50. However, a jump in orders has prompted the Wichita-based company to increase this year’s delivery target from between 165 and 170 jets to between 170 and 175. Cessna booked orders for 70 new jets in the first quarter and is projecting jet deliveries “north of 200” next year.
Cessna deliveries off, but order are up
- March 22, 2007, 7:58 AM