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ARH Cancellation Triggers About 4 Percent Layoff At Bell Helicopter

DDN

Friday, October 31st, 2008

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By Ann Roosevelt Officials at Bell Helicopter Textron [TXT] Oct. 29 said the company would lay off approximately 500 workers, representing about four percent of the workforce, following the Defense Department's decision earlier in the month to terminate the potential $6.2 billion Armed Reconnaissance Helicopter (ARH) development contract. Richard Millman, president and CEO of Bell Helicopter, said, "With the loss of the ARH-70A program, we must make changes in our staffing and structure to reduce costs and ensure that our…

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

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Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

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Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]