What Happened
Textron Warns Of Potential Delays And Increased Program Costs
Textron executives have warned that the Army’s first low-rate initial production contract for the MV-75 Cheyenne II helicopter may be delayed due to federal funding uncertainty, which could lead to an increase in program costs of up to $150 million. The company has already taken a financial hit on the program due to funding delays and is continuing to work on the aircraft ahead of flight testing next year. The potential delay comes as the government operates under a continuing resolution, with lawmakers working to approve a full-year defense spending bill. The development was reported by Breaking Defense.