July 21, 2010
By Alton K. Marsh
Second quarter results show Textron, the parent company of Cessna Aircraft Co. and Bell Helicopter, is doing well despite continued losses at Cessna. Cessna's revenues decreased $236 million in the second quarter.
Second quarter profits are up $153 million (compared to the 2009 second quarter) at Bell and an identical $153 million at Textron’s Industrial segment. Unmanned aerial systems account for another $57 million increase. (The Industrial segment includes E-Z-Go golf carts, Greenlee wire and cable manufacturing, Jacobsen lawn care equipment, and Kautex automotive systems.)
Cessna’s $236 million decrease primarily reflects lower new-aircraft deliveries of 43 jets compared with 84 jets in the corresponding period last year. These decreases were partially offset by higher aftermarket and used aircraft sales. The Cessna backlog ended the second quarter at $3.7 billion, down $400 million from the end of the first quarter.
Bell's revenues reflect higher V–22 Osprey and H–1 attack and transport helicopter deliveries, and higher spares and support volume, partially offset by lower commercial aircraft volume. Bell’s backlog increased $200 million from the end of first quarter to $7.1 billion.
AOPA Pilot Senior Editor Alton Marsh has been a pilot since 1970 and has an airline transport pilot certificate and instrument and multiengine flight instructor certificates, aerobatic training, and a commercial seaplane certificate.
A new FAA policy on obstructive sleep apnea that addresses many of the concerns raised by AOPA is scheduled to take effect March 2.
AOPA and the National Business Aviation Association have jointly filed an amicus, or friend of the court, brief in the Ninth Circuit Court of Appeals as part of the ongoing legal battle over the future of Santa Monica Municipal Airport.
AOPA worked with the flight training industry and FAA to quickly resolve a problem that suddenly put many rating applications on hold.
VOLUNTEER AT AN AOPA FLY-IN NEAR YOU!
SHARE YOUR PASSION. VOLUNTEER AT AN AOPA FLY-IN. CLICK TO LEARN MORE >>>
VOLUNTEER LOCALLY AT AOPA FLY-IN! CLICK TO LEARN MORE >>>
BE A PART OF THE FLY-IN VOLUNTEER CREW! CLICK TO LEARN MORE >>>