Posted on Fri, Nov. 06, 2009

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Hawker Beechcraft sees lower sales and income on declining deliveries

BY MOLLY McMILLIN

The Wichita Eagle

Hawker Beechcraft recorded lower sales and operating income in the third quarter as aircraft deliveries fell, the company said Thursday.

Net sales for the quarter totaled $757.7 million, a decrease of $25.6 million from a year ago.

The decline is due to continued weakness in the general aviation market that has significantly hurt deliveries, the company said.

Hawker Beechcraft delivered 64 business and general aviation aircraft, including 25 jets, 30 turboprops and nine piston aircraft, compared with 86 a year ago.

The lower deliveries resulted in a decrease in sales by $98.6 million over a year ago.

The decline was partially offset by a $92.3 million increase in trainer aircraft sales.

Trainer aircraft sales for the quarter totaled $169.7 million compared with $77.4 million for the same time a year ago. In 2008, volumes were impacted by a strike and by a delivery suspension in place at the time.

Hawker Beechcraft's backlog at the end of the quarter was $6.6 billion, compared with $6.8 billion at the end of the second quarter and $7.9 billion a year ago.

Reach Molly McMillin at 316-269-6708 or mmcmillin@wichitaeagle.com.

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