Pilatus Tops $1B in Revenues for Second Year in a Row

 - April 9, 2015, 12:05 PM

Revenues at Pilatus Aircraft reached a new record last year at $1.21 billion, up 16 percent year-over-year and marking the second year that revenues at the Swiss aircraft manufacturer have topped a billion dollars. Earnings also climbed 30 percent from the year ago period, to $207.4 million, according to year-end figures released yesterday.

Pilatus delivered 127 aircraft—split evenly between civil and military types—last year, 15 more than in 2013. The civil shipment tally included 66 PC-12 NG business turboprop singles, of which 50 went to U.S. customers. And of the 10 Pilatus Porter PC-6 utility turboprops delivered last year, nine went to China.

Meanwhile, Pilatus noted that it continues to move forward with its PC-24 program, with first flight pegged for next month. Certification and initial deliveries are still on track for mid-2017, the company added. Last year at EBACE, Pilatus took firm orders for 84 copies of the PC-24 before temporarily closing sales to prevent long wait times. PC-24 production is scheduled to start this year, with manufacturing slots currently sold out through the end of 2019.