:

Advanced / Transformational Technology

Without Further Army Investment, Textron May Pull Funding From V-280

Friday, January 25th, 2019

SHARE:

Without Further Army Investment, Textron May Pull Funding From V-280

The V-280 Valor prototype on the flight line at Bell's Amarillo, Texas, manufacturing facility. (Photo by Dan Parsons)

Bell needs significantly more investment by the Army in its Future Vertical Lift program or parent company Textron [TXT] may be forced to pull funding from the advanced tiltrotor development effort, according to Chief Executive Scott Donnelly. The V-280 Valor celebrated the first anniversary of its first flight Dec. 18 and it was announced Jan. 24 the aircraft had amassed 85 flight hours and reached the 280-knots true airspeed mark for which it was named. During an earnings call the…

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]