Textron Notes Sharp Drop In King Air Deliveries | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne 01.15.18

Airborne-UnManned 01.16.18

Airborne 01.17.18

AMA Drone Report 01.18.18

Airborne 01.19.18

Airborne-YouTube

Airborne 01.15.18

Airborne-UnManned 01.16.18

Airborne 01.17.18

AMA Drone Report 01.18.18

Airborne 01.19.18

Fri, Apr 21, 2017

Textron Notes Sharp Drop In King Air Deliveries

Information Included In Company's 2017 First Quarter Financial Report

Slow deliveries of King Air airplanes has pushed Textron revenues and profits lower in the first quarter of 2017, according to the company.

Revenues at Textron Aviation were down $121 million, primarily due to lower military and commercial turboprop volumes, according to a company news release.

Textron Aviation delivered 35 new Citation jets, up from 34 jets last year, 12 King Air turboprops compared to 26 in last year’s first quarter, and 2 Beechcraft T-6 trainers, down from 9 last year.

Textron Aviation recorded a segment profit of $36 million in the first quarter compared to $73 million a year ago, primarily due to lower volume and mix.

The Textron Aviation backlog at the end of the first quarter was $1.0 billion, approximately flat from the end of the fourth quarter.

Bell revenues were down $117 million, as Bell delivered 27 commercial helicopters compared to 30 units last year, 6 V-22’s in the quarter, flat with last year’s first quarter and 3 H-1’s compared to 10 H-1’s last year.

Segment profit was up $1 million despite the decline in revenues, primarily due to improved performance.

The Bell backlog at the end of the first quarter was $5.7 billion, up $292 million from the end of the fourth quarter.

The Wichita Eagle reports that, in a conference call with reporters to discuss the first quarter numbers, Textron CEO Scott Donnelly said that a strong dollar and economic conditions abroad contributed to the slump in King Air sales, which is "traditionally international product" with about half of the sales coming from overseas.

Still, Donnelly said he is optimistic about reaching the company's overall 2017 goal for total King Air deliveries. He did not give a specific number, but earlier guidance from Textron projected this year's deliveries to be similar to 106 airplanes delivered in 2016.

(Image from file)

FMI: www.textron.com

Advertisement

More News

Airborne 01.17.18: Trans States $$$, Lost Pilot, Scout Aero Heli

Also: Autonomous Air Tanker, Turkish Airliner Cliff Dive, GAMA Scholarship, Rolls-Royce Test Facility Trans States Airlines has announced a $44,000 signing bonus for new hire First>[...]

AMA Drone Report 01.18.18: 1 Million Drone Reg's, Autel EVO, FAA Sued Again

Also: New DJI Mavic?, SureFly Not Yet, Drones Tracking Illegal Dumping, 'Illicit' Drone Video The FAA has registered a million drones, the DOT announced last week at CES in Las Veg>[...]

Airborne-Unmanned 01.16.18: AUVSI Trusted Operator, Typhoon H Plus, Intel

Also: Drones Tracking Illegal Dumping, Arctic UAS, Airspace Situational Awareness, TrueView R20 AUVSI has announced the appointment of leading industry stakeholders to serve on a s>[...]

Airborne 01.19.18: Airbus A380 Reprieve, FAA Sued, FAA Defends Drop Zone

Also: Skydiving Museum, Nature Air Suspended, IAC 2017 Collegiate Program, StandardAero Ceases LAX Ops You can hear the sigh of relief from across the Atlantic... After several mon>[...]

Airborne 01.19.18: Airbus A380 Reprieve, FAA Sued, FAA Defends Drop Zone

Also: Skydiving Museum, Nature Air Suspended, IAC 2017 Collegiate Program, StandardAero Ceases LAX Ops You can hear the sigh of relief from across the Atlantic... After several mon>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2018 Web Development & Design by Pauli Systems, LC