Textron CEO Scott Donnelly said foreign military sales may help its Bell Helicopter subsidiary maintain military revenues over the next decade as it is scheduled to complete its V-22 tiltrotor program with Boeing in 2024, AINonline reported Monday.
The V-22 program with the U.S. military currently covers nearly half of Bell’s total military revenues.
In 2018, procurement of the aircraft gave the firm $3.18B.
Bell is building its final 63 V-22s for U.S. customers and Donnelly said once the program ends the company may still retain military revenues from other countries intrested in the aircraft.
He also announced at a recent conference call with stock analysts that Bell is moving forward in offering another future vertical lift aircraft to the Army.
Donnell said the new V-280 aircraft has demonstrated low-level agility that is “superior to the helicopters that are out there today.”
The official also expects Bell’s unmanned cargo drones to get more attention in the market as the military has been seeking autonomous technologies to support its operations.