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Textron back in black

By Janice Wood · January 27, 2011 ·

Textron Inc., parent to Cessna Aircraft Co., posted a fourth-quarter profit, with revenues increasing at both Cessna and Bell Helicopter, according to a report in The Wall Street Journal, which quotes Textron Chairman and Chief Executive Scott Donnelly:

“We’re particularly encouraged by the pick-up in business jet and commercial helicopter demand, driven in part by the impact of bonus depreciation in the United States, but also reflecting relative stability in global economies and improving general business confidence.”

About Janice Wood

Janice Wood is editor of General Aviation News.

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