Textron’s Earnings Reflect The Market

October 28, 2009 by Matthew Potter · Comment
Filed under: Bell, Business Line, Companies, Earnings, Events, Military Aviation, Textron, commercial aviation, logistics, production program 

Textron reported their third quarter earnings yesterday. They did beat expectations by not having a loss but had a profit of about 1 cent a share. This was a decline of ninety-eight percent from the year before. Despite all this the company is confident they will make a profit for a year and earnings would be as predicted.

Textron decline is caused by financial products and their civil air division. Sales of Cessna aircraft a luxury item right now were down a lot. The company has been reducing their participation in the financial sector due to the general downturn there. Despite Bell Helicopter’s struggles with the Armed Reconnaissance Helicopter (ARH) the military part of the company saw some growth.

There have been previous reports that Textron might sell Bell or other parts as it reorganizes to face the current economic downturn but so far that has not happened. As with everyone the company will have to wait and see how the economy recovers and what growth occurs.

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AVIATION INDUSTRY LEADER JOINS VIPER AIRCRAFT Charlie Johnson to lead Business Development Division – Press Release

January 11, 2009 by Matthew Potter · Comment
Filed under: Business Line, Events, Military Aviation, Press Releases, Viper Aircraft, commercial aviation, development program 

Pasco, Washington—Charlie Johnson has joined Viper Aircraft Corporation as director of business development. Johnson (a former president and chief operating officer for Cessna Aircraft) will lead strategic planning initiatives for the Viper FanJet. The FanJet is a two-place, tandem seat, fully aerobatic, composite personal jet aircraft.

“It is an honor to have Charlie as part of the Viper Aircraft team. He brings a wealth of industry knowledge to the table. We highly respect his professionalism and most importantly his strength of character,” says Scott Hanchette, president of Viper Aircraft Corporation. Added Hanchette, “Viper FanJet is the next evolution in our family of personal aircraft, and Charlie is the right leader for this product launch.”

Johnson has been consulting within the aviation industry since 2004. And according to Johnson, the Viper FanJet has far-reaching opportunities in the personal jet market. “I’ve been involved with aircraft all my life, and rarely have I been as excited as I am now about the future of personal aviation,” stated Johnson. “From concept, to design, to production, the Viper FanJet is a remarkable airplane; perfectly positioned in the market to meet demand for a low cost, high performance aircraft. The team at Viper has accumulated over 400 hours of flight time on the first ViperJet, and it is a pleasure to fly!”

Johnson began his aviation career in 1961. After completing U.S. Air Force pilot training in 1968, he accumulated over 1,000 hours of military flight time in the F-105 including a tour in Vietnam. He began his civilian career flying for Arnold Palmer, then moved to Gates Learjet. In 1979, he joined Cessna as manager of production flight test. He served in a variety of quality control and product support positions before being named Vice President, Aircraft Completion and Product Support in 1988. After numerous flight test, manufacturing and engineering promotions, Johnson was named Cessna President and COO in 1997; and retired in 2003. He has over 14,000 hours of flight time along with numerous type ratings.

To learn more about Viper FanJet, visit the Viper Aircraft Corporation website at
www.Viper-Aircraft.com

The Viper FanJet is a two-place, tandem seat, fully aerobatic, composite personal jet aircraft. Top speed 430 KTAS, 1400 nm of range, fuel efficient engine, 25+ cubic feet for luggage. Designed and manufactured by Viper Aircraft Corporation in Pasco, Washington.

For more information contact: Dan Hanchette, Viper Aircraft
509-543-3570

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