During the announcement of its first quarter 2021 figures, Textron has reported the revenues for Textron Aviation of $865 million were down $7 million from the first quarter of 2020, due to lower volume, primarily reflecting lower aftermarket volume, partially offset by higher pricing.
For this first quarter, Textron Aviation delivered 28 jets, up from 23 last year, and 14 commercial turboprops, down from 16 last year.
Segment profit was $47 million in the first quarter, up $44 million from a year ago, primarily due to a favorable impact from performance of $25 million and a favorable mix of products sold.
Textron Aviation backlog at the end of the first quarter was $2.1 billion.
During the announcement of Textron, Chairman and CEO Scott C. Donnelly noted that “Revenues were higher in the quarter primarily driven by higher volumes at Industrial and Bell, with solid margin performance across all our segments,” and added that the company “also saw improving commercial aircraft demand at both Aviation and Bell in the quarter.”
