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Cessna, Bell Performance Praised by Textron CEO

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Key Takeaways:

  • Textron's CEO reported strong fourth-quarter performance driven by its flagship aviation businesses, Cessna Aircraft and Bell Helicopter.
  • Cessna saw a significant increase in jet deliveries in Q4, boosting profits and positioning it for overall delivery growth this year under new leadership.
  • Bell Helicopter also increased commercial deliveries in Q4 and anticipates further growth, despite an adjustment to its backlog from a corrected accounting error.
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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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