Projo Biz Blog

Sales of aircraft, especially business jets, boosted Textron Inc.'s fourth quarter earnings by 31 percent, the Providence-based company reported this morning.

Net income climbed to $256 million, or $1 a share, from $195 million, or 76 cents, in the year-earlier period. Sales rose 18 percent to $3.76 billion.

Commercial aircraft orders rose as corporate profits spurred companies to buy more Cessna business jets and aircraft sales to foreign customers increased. Cessna's order backlog is valued at a record $12.6 billion, the company said. Cessna is Textron's biggest division with $5 billion in sales in 2007
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“Cessna benefits from strong conditions in the business jet market, which are likely to continue in the near term,” Standard & Poor's fixed-income analyst Roman Szuper said in a report yesterday.

Comments

Private Jet said:

Thanks for this useful information. It is really helpful.

Link | August 12, 2009 2:35 AM
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Private Jet said:

There is no doubt that business jets help to increase the sales as most of the business associates preferred private jets for their business purposes.

Link | September 24, 2009 5:16 AM
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