
Bell Textron’s military helicopter deliveries declined as key programs wound down in 2022, but civil deliveries surged, largely on the popularity of the Bell 505 light single. Overall revenues dropped 4.9 percent from 2021, to $3.1 billion, while the segment reported a profit of $282 million. Bell said it expects modest growth in 2023 revenues to about $3.3 billion with comparable profitability. Bell finished 2022 with a backlog of $4.8 billion.
Last year, Bell delivered 31 military aircraft, down from 48 in 2021. The mix included 15 H-1s, 13 V-22s, and three Huey IIs. On the civil side, Bell delivered 176 helicopters, up from 156 in 2021. The totals included 83 Model 505s and 49 Model 407 singles, as well as 32 light-twin 429s. Deliveries of 505s posted the largest gain, increasing from 63 in 2021. For the period, deliveries of Bell 412s more than doubled, from seven to 15.