Pilatus Aircraft reports successful year 2010

Pilatus Aircraft Ltd reported that the company generated its highest ever sales revenue and operating income in 2010 and delivered its 1000th PC-12 mid-year. Pilatus achieved the highest sales result yet of CHF 688 million which was driven by a large order placed by the United Arab Emirates Air Force & Air Defence and a follow-up order from the Swiss Air Force for two further PC-21s and associated training systems. Pilatus reported operating income of CHF 88 million. Both figures are up by more than 11% on 2009. Pilatus also invested CHF 49 million in research and development. In contrast, both incoming orders and orders in hand have fallen substantially over the past two years. Orders received totaled CHF 355 million by the end of 2010, and orders in hand amounted to CHF 689 million.