Company Seeks 9.5 Percent Increase
Textron Inc., parent company of Bell Helicopters and
Cessna Aircraft, said it plans to increase its revenue at least 9.5
percent in 2006 from last year as sales of airplanes rebound. Sales
in 2006 will be between $10.8 billion and $11.4 billion, up from
$9.86 billion last year, the company said. Sales this year will
fall about 2 percent from last year, in part because of a drop in
deliveries of Cessna Citation business jets, it said. Revenue at
Textron, which also sells products ranging from golf carts to the
V-22 Osprey military plane, has fallen for three straight years,
mainly because of declining Citation deliveries. Since 2000, chief
executive Lewis Campbell has sold businesses and laid off workers
in an effort to reduce a