Helicopter OEMs defy pessimists
In an environment of continued uncertainty in the oil and gas market, political instability and exchange rate fluctuations, four of the largest helicopter OEMs have reported relatively stable second quarter and half year results.
Strong defence spending and growing demand in Asia have supported orders and revenues across the companies despite leaders continuing to express caution regarding market stability.
Textron reported a stable performance for Bell Helicopter with a 2.6% increase in second quarter revenues aided by higher volumes of military deliveries including 11 AH-1Z Vipers and three UH-1Y Venoms part of the USMC's H-1 upgrade programme, offsetting a small
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