Word: textron
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Dates: during 2000-2009
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...busy making that argument to employers. Major California insurer Wellpoint recently rolled out its defined-contribution option to small businesses, half of which don't provide health insurance at all, and Aetna just launched its plan, dubbed HealthFund. Though only about 5% of U.S. businesses, including Medtronic, Novartis and Textron, are testing some sort of defined-contribution health plan, more than 20% think it's likely they will offer one in the next five years, according to the Kaiser Family Foundation...
...lobbying battle royal is shaping up in Washington over what could be one of the decade's biggest overseas contracts for a U.S. defense firm. Bell Helicopter Textron is negotiating the final details of a $4 billion deal to sell 145 King Cobra attack choppers to Turkey. The Clinton Administration and Congress must approve the sale. Human-rights groups plus Greek and Armenian lobbies are mobilizing against it. Turkey has a human-rights record that remains "among the worst in the world," says Representative JOHN PORTER, an Illinois Republican, and has used U.S. weapons to attack Kurds in the southeast...
...couldn't get much worse. But they did, with the deaths Saturday of 19 Marines in the crash and explosion of an experimental helicopter-airplane hybrid, the MV-22 Osprey, in Arizona. The aircraft, remaining examples of which have been grounded pending an inquiry, is manufactured by Bell Helicopter Textron and Boeing and was in a final test phase before its anticipated introduction into Marine fleets. This is hardly the first time the Osprey has been in the spotlight. At $44 million apiece - some reports say $60 million - the planes were considered a risky investment by many. Some critics cited...
...tilt-rotor technology, enabling it to take off and land like a helicopter but fly like a plane - is worth its hefty price tag. But with the unwavering support of congressional delegates from two powerful states (Pennsylvania, where Boeing's helicopter division is based, and Texas, home of Bell Textron) the plug is unlikely to be pulled anytime soon...