Textron reports Cessna and Bell 4Q11

Textron reports that Cessna
had increased revenues by $51 million, reflecting the delivery of 67 new
Citation jets in the quarter, compared with 79 in last year’s fourth quarter,
more than offset by higher volumes of used jets, single engine aircraft and
Caravans.

Segment profit increased $37
million primarily due to favorable performance, higher non-jet volume and a
beneficial mix of jets.

Cessna backlog at the end of
the fourth quarter was $1.9 billion, down $275 million from the end of the
third quarter 2011.

Textron reports that Bell
Helicopter had increased revenues by $35 million in the fourth quarter from the
same period in the prior year. Bell delivered 7 V-22’s, 6 H-1’s and 62
commercial aircraft in the quarter compared to 7 V-22’s, 7 H-1’s and 71
commercial units in last year’s fourth quarter.

Segment profit increased $29
million, reflecting improved performance. Bell Helicopter backlog at the end of the fourth quarter was $7.3
billion, up $981 million from the end of the third quarter 2011.