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Bell Helicopter Gets Navy Contract

Manufacturing.Net - October 10, 2008

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FORT WORTH, Texas (AP) -- Bell Helicopter, a unit of Textron Inc., said Friday it has received a U.S. Navy contract extension worth $210 million.

Under the terms of the deal, the Navy will purchase 15 aircraft, which will be built at Bell's Military Aircraft Assembly Center in Amarillo, Texas.

Amid continuing broader market turmoil, shares of Textron fell $2.48, or 13.6 percent, to $15.81 in midday trading.


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