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Friday, January 19, 2007

Bell Chief is Replaced

Textron Inc., parent company of Bell helicopter, has replaced Bell's chairman, Michael Redenbaugh. Richard Millman has been named new president and chief executive officer of Bell. A letter sent from Textron to Bell employees indicated dissatisfaction that Bell was having problems meeting commitments to customers on time and on budget. Bell is building the V-22 Osprey for the U.S. Marine Corps and Air Force but has come under close scrutiny from cost overruns and questions about the reliability of the aircraft.

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