Textron’s aviation segment saw an increase in revenues in the first quarter (Q1) of 2022, reporting a $175 million rise over Q1 of last year to $1.0 billion. According to the company, the jump was primarily due to higher aircraft and aftermarket volume. Textron Aviation delivered 39 jets and 31 commercial turboprops in Q1 2022, compared to 28 and 14 respectively in Q1 2021. The company reported a segment profit of $121 million and backlog of $5.1 billion as of the end of the first quarter.
This is a companion discussion topic for the original entry at https://www.avweb.com/aviation-news/textron-aviation-revenues-rise-bells-fall-in-q1