The company’s Commercial Aerospace business had sales of US$199.7 million, an increase of 57.6%, driven by higher narrowbody sales, increased Airbus A350 sales and higher business jet sales, while Space & Defense sales decreased by 11.5% to US$105.9 million
Total Industrial sales were US$54.7 million in Q4 2021, an increase of 10.7%.
Hexcel’s full year sales were US$1,324.7 million, a decrease of US11.8% (12.6% in constant currency) compared to 2020, with Commercial Aerospace sales of decreasing 18.7% to US$668.2 million. “The prior year period was only partially impacted by the global pandemic that led to lower commercial aircraft build rates and a period of inventory destocking by customers and the supply chain,” the company said.
2022 Space & Defense sales of US$434.9 million decreased by 3.0%, while Industrial sales of US$221.6 million decreased 4.3%.
"Our fourth quarter 2021 commercial aerospace sales grew more than fifty percent compared to the fourth quarter of 2020 with growth across the spectrum of aircraft programs including narrowbody, widebody and business jets,” said CEO Nick Stanage. “We see airlines looking beyond the pandemic as they place new aircraft orders to upgrade and expand their fleets with modern lightweight aircraft to support their objectives for improved fuel efficiency and emissions reduction.”
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