Textron Aviation reported revenue of $1.3 billion—a 14.7 percent increase from the same period last year, according to results released last week.
The manufacturer says the increase is a combination of higher volume and higher pricing. In Q3, Textron delivered 39 jets, on par with deliveries last year, and 38 turboprops—up five from the same period in 2022.
Textron Chairman and CEO Scott Donnelly said, “At Aviation, we saw our strongest order quarter of the year with a 12% increase over the third quarter of 2022.”
During Thursday’s earnings call, Donnelly acknowledged the company faces challenges from persistent supply chain bottlenecks, saying, “As you get towards the end of a quarter, if you’re missing parts for aircraft, you still can’t deliver that aircraft.”
Textron subsidiary Bell reported revenues flat with the third quarter of 2022 at $754 million. Twenty-three helicopters were delivered in the quarter—down from 49 last year.
Additionally, Textron eAviation segment revenues were $7 million while segment loss was $19 million in Q3, mainly due to research and development costs.
No word on sales of piston singles? I guess as long as jets are selling, life is good.
Note that the piston singles are all (mostly) cropped out of the photo that accompanies this article. Any other questions? 🙂
in 1979 Cessna had 42 different piston aircraft models and Beechcraft had 10. Now combined they have 7. It is pretty clear that Textron has little interest in the non turbine GA market.
Upward and Onward.
Textron has always wanted only turbine and turbo prop aircraft as their sole revenue producer.
Does Textron have little interest in Piston Market or is it that Cirrus has taken the market and Textron is focusing on the strengths they still have?
Cirrus took the market because Textron kept giving the market 40-50 year old designs. Cirrus came up with something better and took Textron’s lunch. That’s capitalism. Shame Cirrus ended up with the Chinese though.
Does the nearly two-year wait for a new single engine Cessna indicate Textron’s lack of interest, a sluggish production line or a strong order book for a proven and desired product? Amazing that flight schools continue to order new 172s when they go out the door at nearly a half million dollars.
What’s amazing is we idiot pilots still do not recommend potential new pilots refuse to take lessons in those old planes with double the fatality rate of a new, safety oriented design like the Diamonds.