Revenue Growth
Revenues for the quarter were $3.3 billion, up $171 million from last year's first quarter, representing a 5% increase overall.
Bell Segment Surge
Bell revenues increased by $256 million or 35% compared to last year's first quarter, driven by strong growth in both military and commercial product lines.
Aviation Operations Improvement
Aviation delivered 31 jets and 30 commercial turboprops, compared to 36 jets and 20 commercial turboprops in last year's first quarter. Aftermarket revenue grew by 6%.
Successful Strategic Review and Sale
Textron completed the strategic review and sale of the powersports business, including the Arctic Cat brand.
FAA Certification Achievement
The FAA announced certification of the GE Aerospace Catalyst turboprop engine, marking an important milestone for the Beechcraft Denali program.
New Contracts and Deliveries
Bell was awarded a contract for five additional CMV-22 aircraft and announced a purchase agreement with Air Methods for 15 IFR-configured 407 GXIs.
Unmanned Aerial Systems Advancement
Aviation completed the first hover flight of the Nuva V300, a hybrid-electric VTOL unmanned aircraft.