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.
As the cold weather chills AOPA’s Headquarters in Frederick, many of us are inside generating new resources for flying clubs.
In my house, every Friday night is “Movie Night.” While the movies are rarely educational (I don’t think I learned anything from the Lego Movie), we look forward to the weekly opportunity to spend time together. Why not use the same concept for your Flying Club (with the addition of education, of course)?
AOPA Flying Club Manager Kelby Ferwerda posted the following on the AOPA Flying Club Facebook Page: “Recently I’ve talked with quite a few Flying Clubs about maintaining social activity through the cold winter months. Some clubs host Holliday Parties, others have Potluck Movie Nights. What does your club do to keep members involved during the chilly months?”
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