Cessna Posts 2Q Profit, Shows Eroding Backlog

Cessna Aircraft reported an operating profit of $5 million in the second quarter, recovering from a punishing first quarter and offering hope of better days ahead for the beleaguered producer of business and general aviation aircraft. The Textron unit also reported revenues of $652 million for the three months ended July 2, up 3 percent from the same period of 2010 ...