Paris 2011: AgustaWestland Buys Out Bell’s Stake in BA609 Civil Tiltrotor
AgustaWestland is buying out Bell’s stake in the http://www.ainonline.com/news/single-news-page/article/ba609-civil-tiltrotor-still-on-schedule-1

AgustaWestland is buying out Bell’s stake in the BA609 civil tiltrotor program from Bell Helicopters. Financial terms of the deal, announced by AgustaWestland’s new CEO Bruno Spagnolini and Bell CEO John Garrison here at the Paris Air Show yesterday, were not disclosed.

Under the proposed agreement, subject to regulatory approval, Bell will continue to provide engineering, program management services and key component manufacture on what will now be known as the AW609. Garrison stressed that the agreement does not include any technology transfer from the military Bell/Boeing V-22 Osprey tiltrotor. He said Bell will continue to invest in that technology with the goal of entering the V-22 in the Pentagon’s anticipated joint multirole (JMR) helicopter program.

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