Bell Agrees to Offset Some Armed Recon Helicopter Cost Growth

By Jason Sherman / June 12, 2007 at 5:00 AM
NEW YORK -- Bell Helicopter Textron has agreed to pay for some of the cost growth in the Armed Reconnaissance Helicopter program as part of its proposal to turn around the troubled development effort, which has suffered significant price increases and schedule delays, according to a company executive. Ted French, Textron's chief financial officer, said yesterday that a key part of the company's proposal to retain its contract to build as many as 512 new helicopters for the Army was...

Not a subscriber? Sign up for 30 days free access to exclusive, behind-the-scenes reporting on defense policy and procurement.

Log in to access this content.