Story ID: 
Textron Cites Loss as Deliveries Slump
By: Chad Trautvetter
Caption: Textron, parent company of Cessna Aircraft and Bell Helicopter, reported  a third-quarter loss.
Word Count: 126
Textron, parent company of Cessna Aircraft and Bell Helicopter, reported  a third-quarter loss. Revenues were $2.5 billion, down 2.7 percent  year-over-year, primarily due to lower business jet deliveries at  Cessna, where revenues decreased $290 million in the quarter from a year  ago, reflecting lower new aircraft sales. The Wichita aircraft maker  delivered 26 jets, down from the 68 shipped in the same period last  year. Segment profit decreased $63 million, while backlog ended the  third quarter at $3.4 billion, down $321 million from the end of the  second quarter. At Bell, revenues increased $197 million in the third  quarter from last year, thanks mostly to military helicopter deliveries  and, to a lesser extent, civil helicopter shipments. Segment profit at  Bell increased $28 million, but backlog decreased $537 million from the  end of the second quarter to $6.5 billion.