Jet Deliveries Halved, Profits Plunge in Textron's Q1
Textron Aviation delivered 23 jets and 16 turboprops, compared with 44 jets and 44 turboprops in the same quarter last year.
A "revised demand outlook" from NetJets during the first quarter of 2020 was the reason behind a nearly $300 million decline in Textron Aviation's backlog. (Photo: Textron Aviation)