Although the second quarter of this year raised the order backlog at Hawker Beechcraft to a company record $5.1 billion, roughly double what it was at the same 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 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 company’s bottom line, as Hawker Beechcraft delivered 30 jets in the second quarter, six fewer than during the same period last year. However, the value of Hawker Beechcraft 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.
Hawker Beechcraft Numbers Mixed for 2Q
- August 29, 2007, 7:31 AM