What Happened
Tiltrotor Program Continues Despite Funding Uncertainty
Textron will self-finance certain activities of the MV-75 tiltrotor aircraft to keep the program on schedule while awaiting funding through an above-threshold reprogramming request the U.S. Army plans to submit to Congress. CEO Lisa Atherton stated that the company expects the delay to continue until further notice. The MV-75 program has faced challenges, including schedule risk and procurement issues, as reported by Aviation Week.