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

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne-Unmanned w/AUVSI

Airborne On ANN

AMA 05.18.17

Airborne
05.22.17

Airborne
05.23.17

Airborne
05.17.17

Airborne
05.18.17

Airborne
05.19.17

Airborne-Unmanned 05.16.17

Airborne-YouTube

AMA 05.18.17

Airborne
05.22.17

Airborne
05.23.17

Airborne
05.17.17

Airborne
05.18.17

Airborne
05.19.17

Airborne-Unmanned 05.16.17

XPONENTIAL Innovation Preview -- www.allthingsunmanned.com

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-Unmanned 05.16.17: XPONENTIAL 2017, Airbus Aerial, Parrot Professional

Also: AUVSI BOD, PrecisionHawk's Free PrecisionMapper, Consortiq, XPONENTIAL 2017 Innovation Preview As opening sessions go, it was an eye-opener. Intel CEO Brian Krzanich took the>[...]

AMA Drone Report 05.18.17: Drone-Jumping!, AMA Sightings Report, King Schools

Also: DJI Smart TV App, Huerta: Unmanned Aircraft 'Good News Story', XPONENTIAL Innovation Preview Ya had to see it to believe it... An ingenious Latvian UAS operation has pulled o>[...]

Airborne 05.22.17: Court Nukes FAA Model Drone Regs, Lancair Moves, Virgin Orbit

Also: Dutch King, DA-42NG, US Civil Aircraft Shipments, ADS-B Out, Facial Recognition, Av Threats, Air Travel Growth The hobby drone industry just got a bit shook up... The U.S. Co>[...]

Airborne 05.19.17: Boeing T-X, WomenVenture 2017, BE-4 Rocket Test

Also: Orion Spacecraft, ANN Update, Sinful Sundays, ATC Privatization Oppo, Huerta@AUVSI, Fire Scout, 700th H130 Boeing will assemble its T-X Air Force training jet at its St. Loui>[...]

Airborne 05.22.17: Court Nukes FAA Model Drone Regs, Lancair Moves, Virgin Orbit

Also: Dutch King, DA-42NG, US Civil Aircraft Shipments, ADS-B Out, Facial Recognition, Av Threats, Air Travel Growth The hobby drone industry just got a bit shook up... The U.S. Co>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC