Textron reports Bell Q2 performance down on last year

Textron reports Bell Q2 performance down on last year

18-Jul-2013 Source: Textron

Extract from Textron’s full Q2 statement

Bell revenues decreased $31 million in the second quarter from the same period in the prior year, primarily reflecting the delivery of 44 commercial helicopters compared to 47 units in last year’s second quarter. Bell delivered 9 V-22 and 6 H-1 aircraft in the quarter, flat with last year’s second quarter deliveries.

Segment profit decreased $17 million, primarily reflecting an unfavorable mix and lower commercial aircraft deliveries.

Bell backlog at the end of the second quarter was $6.95 billion, down $137 million from the first quarter of 2013.

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