Cessna Looking Good, But Textron Loses Money | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-04.22.24

Airborne-Unlimited-04.16.24

Airborne-FlightTraining-04.17.24 Airborne-AffordableFlyers-04.18.24

Airborne-Unlimited-04.19.24

Join Us At 0900ET, Friday, 4/10, for the LIVE Morning Brief.
Watch It LIVE at
www.airborne-live.net

Fri, Oct 21, 2005

Cessna Looking Good, But Textron Loses Money

Wichita-Plane Maker Says 2006 Looks Even Better

Battered by Hurricane Katrina and forced by economics to write down the cost of a fastener division, Textron lost money in the third quarter -- about $164 million. But the company's Cessna division is going strong, on the road to recovery after the industry slump that began with the terrorist attacks of 9/11.

The Wichita Eagle reports, even as Textron deals with problems in other divisions, Cessna brought in $890 million worth of business during the three-month period ending October 1st. That's up from $699 million during the same quarter last year. While the venerable general aviation manufacturer plans to deliver up to 245 jets this year, it forecasts 290 jet deliveries next year. Fifty of those orders will be for the new Citation Mustang.

"It appears that 2007 is going to be another solid growth year," said Textron CEO Lewis Campbell in a conference call with reporters -- quoted by the Eagle.

FMI: www.cessna.com

Advertisement

More News

Airborne 04.16.24: RV Update, Affordable Flying Expo, Diamond Lil

Also: B-29 Superfortress Reunion, FAA Wants Controllers, Spirit Airlines Pulls Back, Gogo Galileo Van's Aircraft posted a short video recapping the goings-on around their reorganiz>[...]

ANN's Daily Aero-Term (04.20.24): Light Gun

Light Gun A handheld directional light signaling device which emits a brilliant narrow beam of white, green, or red light as selected by the tower controller. The color and type of>[...]

Aero-News: Quote of the Day (04.20.24)

"The journey to this achievement started nearly a decade ago when a freshly commissioned Gentry, driven by a fascination with new technologies and a desire to contribute significan>[...]

Aero-News: Quote of the Day (04.21.24)

"Our driven and innovative team of military and civilian Airmen delivers combat power daily, ensuring our nation is ready today and tomorrow." Source: General Duke Richardson, AFMC>[...]

ANN's Daily Aero-Term (04.21.24): Aircraft Conflict

Aircraft Conflict Predicted conflict, within EDST of two aircraft, or between aircraft and airspace. A Red alert is used for conflicts when the predicted minimum separation is 5 na>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC