Business

Hawker posts higher sales, lower losses

Hawker Beechcraft posted increased sales and an operating loss in the first quarter compared to a year ago.

Sales for the three months ending March 28 totaled $568.2 million, up $30.6 million from the same time a year ago.

Operating losses totaled $25.1 million for the quarter, down from a loss of $46million.

Higher sales and lower losses were primarily due to increased volume in the military trainer segment of its business, the company said.

Backlog totaled $3.1 billion on March 28, compared to $3.4 billion on Dec. 31.

Net new orders were lower than deliveries for the quarter, resulting in a lower backlog, it said.

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