Bell is looking to capture more of the aftermarket for its helicopters. The company announced in January that it has integrated six support and service subsidiaries and rebranded them under the Bell Helicopter nameplate in an attempt to eliminate confusion and simplify customer buying choices. Customer service and support currently accounts for one-third of Bell’s revenue.
Bell Helicopter yesterday announced that its six support and service subsidiaries have been integrated and rebranded to eliminate confusion and simplify customer buying choices. Customer service and support currently accounts for one-third of the company’s revenue. Bell CEO John Garrison said the move would make it easier for the company to offer customers integrated solutions throughout a helicopter’s lifecycle.
Textron, parent company of Cessna Aircraft and Bell Helicopter, reported a third-quarter loss. Revenues were $2.5 billion, down 2.7 percent year-over-year, primarily due to lower business jet deliveries at Cessna, where revenues decreased $290 million in the quarter from a year ago, reflecting lower new aircraft sales. The Wichita aircraft maker delivered 26 jets, down from the 68 shipped in the same period last year.
Bell Helicopter will have manufactured 33 of its new 429 light twins, sold most of them and completed certification of customer option kits for the aircraft by year-end.
Later this year Bell Helicopter will deliver its last JetRanger, a 206B3. According to a company spokeswoman, Bell decided “to stop production on the 206B JetRanger in the first quarter in response to shifting market demands.” Bell will continue to manufacture the stretched version of the helicopter, the LongRanger 206L4.
Textron’s second-quarter report, released yesterday, shows that revenues at its Cessna Aircraft subsidiary decreased $236 million from the same period a year ago, with segment profit down $45 million. The parent company attributed the drop in part to fewer new aircraft deliveries in the quarter; only 43 Citations were handed over to customers during this three-month period, compared with 84 during the same time last year.
Textron issued its second quarter report for 2010 yesterday and news from its aviation segments was mixed.
At Cessna Aircraft, revenues decreased $236 million in the second quarter, primarily reflecting lower new-aircraft deliveries, including 43 Citations, compared with 84 for the same period in 2009. Of the 43 deliveries, 20 were Citation Mustangs.
Bell Helicopter has begun converting OH-58A Kiowa cabins into OH-58D Kiowa Warrior cabins, the company announced here at Farnborough. The aim of the program is to replace OH-58Ds that have been damaged beyond repair.
Textron reported first-quarter revenues of $2.2 billion, down 12.5 percent from the year-ago period, blamed largely on lower deliveries at subsidiary Cessna and the downsizing of Textron Financial. Cessna saw a revenue drop of $336 million in the quarter due to a decrease in Citation deliveries, which at 31 were less than half the number delivered in the first three months of last year.
In an earnings conference call this morning, Textron released its first-quarter results and reported revenues of $2.2 billion, down 12.5 percent from the first quarter of last year, blamed largely on the lower deliveries of aircraft and the downsizing of the company’s non-captive finance business.