Textron Reports Fourth Quarter Results

Revenues at Textron Aviation of $1.4 billion were down 3 percent, primarily due to lower military volume. Textron Aviation delivered 58 new Citation jets, flat with last year, 31 King Air turboprops up from 28 in last year’s fourth quarter, and 2 Beechcraft T-6 trainers, down from 8 last year. Segment profit was $120 million in the fourth quarter, down from $135 million a year ago, primarily due to higher research and development expense. Textron Aviation backlog at the end of the fourth quarter was $1.2 billion, up $15 million from the end of the third quarter.

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