Textron president and CEO Lewis Campbell last month credited Cessna and Bell Helicopter deliveries for the company’s third-quarter revenue increase of 15 percent, to $3.3 billion. Profits increased 36 percent, to $423 million. Cessna delivered 103 Citations in the third quarter and estimates that it will deliver 380 business jets this year. Campbell expects Cessna to deliver 470 Citations next year.
Ken Harness has been named COO of Diamond Aircraft’s North American operations. He comes from Eclipse Aviation, where he was vice president of engineering. In his new role he will oversee engineering, flight test, manufacturing and quality for all Diamond aircraft, including the new D-Jet, at the company’s facility in London, Ontario.
Cessna’s intended acquisition of Bend, Ore.-based Columbia Aircraft Manufacturing, announced late in September, will complement Cessna’s latest piston-engine development, the next-generation piston (NGP). Not much is known about the NGP; Cessna showed the all-composite high-wing, which is in flight test, at the 2006 EAA AirVenture show in Oshkosh, Wis., but only by flying it over the airfield, thereby denying attendees a close-up look.
Asked why Textron’s third-quarter revenues are up 15 percent, to $3.3 billion, and profits have skyrocketed 36 percent, to $423 million, company president and CEO Lewis Campbell said during an investor call this morning, “Aircraft deliveries by Cessna, and to a lesser extent Bell Helicopter.” Third-quarter deliveries at Bell came in at 40 helicopters, and Textron expects the division to ship a total of 175 this year.
Buyers of certain Cessna Caravans can receive a $75,000 saving over the turbine single’s price of approximately $1.5 million. Customers purchasing one of a selected group of serial numbers now may choose between the zero-percent initial financing offer introduced last year or receive the $75,000 saving. Although there are more than 1,300 Caravans flying worldwide, sales have dropped sharply over the last few years.
Agusta officials have revealed they are currently negotiating with Bell to increase the share the Italian manufacturer holds in the BA609 tiltrotor program. Currently at 25 percent for Agusta and 75 percent for Bell, the workshare may eventually become “close to 50/50,” Agusta CEO Amedeo Caporaletti said.
Construction started last month on Cessna’s new Citation Service Center at Wichita Mid-Continent Airport. The 447,259-sq-ft facility, being built on 124 acres, is scheduled to be finished in the fourth quarter of next year. In anticipation of increased traffic, a new taxiway was completed in March. The support facility will operate 24/7 and Cessna expects to service 75 to 80 Citations a day.
Before suffering a fatal crash April 22, the joint Bell/Agusta AB139 helicopter was enjoying a notably trouble-free development program that was at times well ahead of its original development schedule, and being warmly received by its target markets, both rarities in commercial aviation today and nearly miracles in the helicopter business.
A class-action lawsuit has been filed against Textron, accusing the Providence, R.I. corporation of misrepresenting to investors information about the V-22 Osprey program. The complaint alleges that Textron violated securities law by issuing a series of “material misrepresentations,” resulting in the inflation of Textron’s stock price.
Proving perhaps that nothing sweeps cleaner than a new broom, Bell Helicopter CEO Mike Redenbaugh, in the job since late May, has announced plans to move Bell’s military helicopter manufacturing out of its historic Fort Worth, Texas facility and into a new site in Amarillo, Texas. The Amarillo site will also handle final assembly for the V-22 Osprey tiltrotor, according to a recent message from Redenbaugh.