Hawker Beechcraft losses doubled to $632.8 million in 2011
Hawker Beechcraft lost $632.8 million in 2011, compared to a
$304 million loss in 2010, sales also fell by 13.2% or $370 million.
Sales of new business and general aircraft fell by 21%
compared with 2010 to $1359.5. Military trainer and attack aircraft sales also
fell. However customer support sales rose by $17.6 million to $562.2 million.
Hawker Beechcraft delivered 213 new aircraft in 2011, down
from 238 in 2010. Deliveries of Hawker aircraft fell by 20% from 50 aircraft to
40 aircraft. Beechcraft deliveries fell by 8%.
Despite lower deliveries, Hawker Beechcraft’s order backlog
fell to $1.1 billion on December 31, 2011 from $1.4 billion on the same date in
2010. It has fallen by two thirds since December 2009 (when it was $3.36
billion). The company had a $7.6
billion backlog on December 31, 2008.
Deliveries in 2012 will be hit by furloughs to the King Air,
Piston, Premier, Hawker 4000 and Hawker 900 lines. The company says these furloughs
– which will last for up to two months – are because it is having difficult
obtaining composite materials.
The growth in customer service has been impressive. In 2008,
at the top of the business jet market, the group, which is headed by Christi
Tannahill, senior vice president, global customer support, had sales of $522
To see deliveries back to 2006 and more analysis click here