Cessna Revenue Up 15 Percent in 2Q
Cessna parent Textron said last month that revenue for the Wichita- based manufacturer was up by 15 percent in the second quarter of the year, representing a $198 million increase, to $1.3 billion, compared with the same period last year. Profits for the second quarter were up, too–by $47 million, to $200 million. According to Textron executives, Cessna’s “excellent execution” led to the delivery of 95 Citations in the second quarter, up five from previous estimates. That number included 10 Mustangs. Executives said the company also booked orders for “an amazing” 282 Citations during the quarter. Cessna’s backlog now stands at $10.4 billion, and the Citation order book is sold out through
the end of next year.