Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

The Osprey Could Be A Sitting Duck


In Business This Week

THE OSPREY COULD BE A SITTING DUCK

The July 20 crash of a prototype V-22 Osprey military aircraft could doom the controversial plane, being developed by Boeing and Textron's Bell Helicopter unit. For three years, Defense Secretary Dick Cheney has tried to eliminate the $30 billion V-22 program. But the plane's many backers on Capitol Hill have repeatedly pumped money into V-22 development.

On July 2, Cheney reluctantly agreed to spend the $790 million Congress appropriated last year to build and test production prototypes. Cheney isn't backing away from his compromise agreement yet. But if investigators determine that a fundamental design flaw caused the crash, the second one in 13 months, the V-22 could be grounded permanently.EDITED BY HARRIS COLLINGWOOD


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus