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Lower Business Jet Deliveries Drive Down Profits, Sales At Textron In Second Quarter

Defense Daily, 2013, Vol.259 (13)

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  • Title:
    Lower Business Jet Deliveries Drive Down Profits, Sales At Textron In Second Quarter
  • Author: Biesecker, Calvin
  • Subjects: Aircraft industry ; Company earnings/profit ; Company sales and earnings
  • Is Part Of: Defense Daily, 2013, Vol.259 (13)
  • Description: Textron's Cessna aircraft division bore the burden of the profit and sales declines, with the division only delivering 20 of its new Citation jets versus 49 a year ago. The lower jet deliveries, combined with pre-tax severance costs of $23 million, led to a $50 million loss in the segment against a $35 million profit a year ago. <nitf-col value=""/> </nitf-table-metadata> Shadow Tactical UAS. Photo:Textron
  • Publisher: Potomac: Access Intelligence, LLC
  • Language: English
  • Identifier: ISSN: 0889-0404
    EISSN: 1930-644X
  • Source: ProQuest Central
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