Lower IRAD costs with FLRAA helped Bell in third quarter

By Dan Schere / October 26, 2023 at 11:08 AM
Bell, a Textron subsidiary, spent less money in the third quarter on independent research and development for programs such as the Army's Future Long-Range Assault Aircraft, the company's CEO said during a Thursday earnings call. Bell’s revenues of $754 million in the third quarter of this year were flat compared with the third quarter of 2022. But segment profit was up by $3 million in the quarter, compared with the third quarter of 2022. Lower R&D costs were a major...

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