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Bell To Sell Stake In Commercial Tiltrotor Effort To AgustaWestland

Defense Daily Staff Defense Daily Staff
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Bell Helicopter [TXT] yesterday said it has agreed to sell its stake in a commercial tiltrotor aircraft project to its partner AgustaWestland to free up resources to boost its investment in the V-22 tiltrotor aircraft that it builds for the Marine Corps and Air Force with Boeing [BA]. The price being paid by AgustaWestland for Bell’s ownership stake in Bell Agusta Aerospace Co. (BAAC), which is responsible for the BA609 tiltrotor effort, was not disclosed. Bell will retain a supplier…

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