Pilatus Tops $1B in Revenues for Second Year in a Row

 -  April 9, 2015, 12:05 PM

Revenues at Pilatus Aircraft reached a new record last year at $1.21 billion, up 16 percent year-over-year and marking the second year that revenues at the Swiss aircraft manufacturer have topped a billion dollars. Earnings also climbed 30 percent from the year ago period, to $207.4 million, according to year-end figures released?yesterday.

Pilatus delivered 127 aircraft?split evenly between civil and military types?last year, 15 more than in 2013. The civil shipment tally included 66 PC -12 NG business turboprop singles, of which 50 went to U.S. customers. And of the 10 Pilatus Porter PC -6 utility turboprops delivered last year, nine went to?China.

Meanwhile, Pilatus noted that it continues to move forward with its PC -24 program, with first flight pegged for next month. Certification and initial deliveries are still on track for mid-2017, the company added. Last year at EBACE , Pilatus took firm orders for 84 copies of the PC -24 before temporarily closing sales to prevent long wait times. PC -24 production is scheduled to start this year, with manufacturing slots currently sold out through the end of?2019.