Bell: The revenue from this division decreased 4.5%
Bell: The revenue from this division decreased 4.5% to $949.0 million from the year-earlier level of $994.0 million. The decrease was primarily due to lower military unit deliveries and lower commercial aftermarket sales.
Bell delivered 9 V-22’s, 6 H-1’s and 40 commercial aircrafts in the reported quarter compared with 10 V-22’s, 7 H-1’s and 30 commercial units in the first quarter 2012.
Segment profit declined 11% to $129.0 million in the quarter from $145.0 million reported in the same period last year. Bell’s order backlog at the end of the quarter was $7.08 billion, which represents a decrease of $386 million from the end of 2012.
Seems like Bell needs to listen to the old adage- did where the taters are!
Just count the number of people that are (non) engineering and reduce that by a third to use the money to manufacture and deliver more aircraft. You make money by delivering, not by spending in a cost center. Got it, Textron Mgt? Now wake up and run the company like it should be run. Stop rewarding your managers and think of shareholders.