Textron Could Boost R&D Spending

 - August 3, 2010, 6:57 AM

Textron CEO Scott Donnelly said his company is prepared to increase R&D spending at subsidiaries Bell and Cessna in anticipation of the aviation industry’s recovery.

He noted that Bell’s R&D funding will be increased by 50 percent, but did not specify how much Cessna’s R&D budget would rise. New models and upgrades to existing aircraft may come as soon as 2012, Donnelly said.