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CEO of Bell Helicopter Says New Management Team Aims to Solve Problems.
Knight Ridder/Tribune Business News, December, 2001
By Bob Cox, Fort Worth Star-Telegram, Texas Knight Ridder/Tribune Business News
Dec. 26--When Bell Helicopter Textron managers returned to work after the Labor Day weekend, they had a shock waiting for them.
In a confidential, 10-page memo intended only for about a dozen or so top officers, John Murphey, Bell's president, set out a laundry list of problems covering almost every one of the company's programs and products.
The Bell executives knew the company faced serious problems, particularly with its V-22 Osprey program, which had been put on hold after two fatal crashes. But the scope and tone of the memo was sobering.
There were cost overruns everywhere. Most of the company's big contracts for new helicopters were behind...
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