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Bell CEO Agrees V-280 Program At Mercy of Future Army Funding

Brian Garrett-Glaser By
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Bell CEO Agrees V-280 Program At Mercy of Future Army Funding
Bell Helicopter’s V-280 takes its first flight in Amarillo, Texas. (Bell Flight)

Bell’s [TXT] chief executive shares the view of parent company Textron leadership that internal investment in the V-280 Valor program should sundown at year-end without new funding streams from the U.S. Army. The Joint Multirole Technology Demonstration (JMR-TD) program in which V-280 is enrolled — its main competitor is the Boeing [BA]-Sikorsky [LMT] built SB-1 Defiant — ends in 2019. The two demonstration aircraft were both funded at about a 2-to-one ratio by industry and the government. “We’re continuing to…

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