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Cessna, Bell Performance Praised by Textron CEO

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Key Takeaways:

  • Textron CEO Scott Donnelly reported a solid fourth quarter, largely due to strong performance from its aviation businesses, Cessna Aircraft and Bell Helicopter.
  • Cessna significantly boosted Q4 jet deliveries to 47 (from 26 last year) and saw a $37 million profit increase, expecting continued delivery growth for the year under new leadership.
  • Bell Helicopter also improved Q4 commercial helicopter deliveries to 26 (from 24 last year), maintaining a strong commercial order environment and projecting slight delivery increases for the year, despite a backlog accounting correction.
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Textron CEO Scott Donnelly on Wednesday pointed to improving fourth-quarter performance at the company’s flagship aviation businesses – Cessna Aircraft and Bell Helicopter – for boosting its bottom line in slowly recovering economy.

“We had a solid quarter with good execution especially at Cessna and Bell,” Donnelly said on a conference call with reporters. “We’re pleased with continued success in selling commercial aircraft in what has been an uncertain environment over the past three months. As a result, at Cessna we delivered 47 jets in the quarter, up significantly from last year’s 26.”

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