FORTH WORTH, Tx. - Textron rotorcraft-manufacturing subsidiary Bell posted significant revenue growth in the first quarter, with revenues reaching $983 million, a 35% increase from the same period last year, driven by strong performance in both military and commercial sectors.
Bell delivered 29 commercial helicopters in the quarter, up significantly from 18 in the same period last year. This included twelve 505s, eleven 407s, three 429s, and three 412s, showing growth across most models compared with the first quarter of 2024, when twelve 505s, four 407s, one 429, and one 412 were delivered.
Military shipments included two V-22 Ospreys and no H-1s in the first quarter of 2025. In last year’s first quarter, no V-22s were delivered, but two H-1s were handed over.
The revenue increase was driven by higher military revenues of $154 million, primarily due to increased volume from the U.S. Army’s FLRAA program and military sustainment programs. Commercial revenues rose by $102 million.
Bell’s segment profit rose to $90 million, up $10 million from the first quarter of 2024, primarily due to higher volume and the products and services mix. The company’s backlog at the end of the quarter stood at $7.1 billion, an increase from $4.8 billion at the end of 2023.
During the quarter, Bell announced a purchase agreement with Air Methods for 15 IFR-configured 407GXis, with an option for 12 additional aircraft. Deliveries are expected to begin later this year. Bell was also awarded a contract for five additional CMV-22 aircraft, extending production through 2027.