What Happened
Manufacturing Inefficiencies Impact Bottom Line Despite Strong Demand
Textron Aviation reported second-quarter revenue of $1.5 billion, up 1% from the prior year, despite a decline in jet deliveries. The company delivered 40 jets in the quarter, down from 49 in the same period last year, while commercial turboprop deliveries rose to 44 from 34. Segment profit came in at $165 million, down 3% year-on-year, primarily due to manufacturing inefficiencies. The company’s backlog held firm at $8 billion, reflecting robust demand across jets and turboprops. According to CEO Lisa Atherton, demand remains strong, but the company needs to drive better operational efficiency. This was reported by Unknown Source.