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Stock impact report

Families of Marines killed in 2022 Osprey helicopter crash sue manufacturers [Los Angeles Times (CA)]

Textron Inc. (TXT) 
Last textron inc. earnings: 4/30 06:30 am Check Earnings Report
the designers and manufacturers of the aircraft, alleging deceptive practices and systemic failures. Bell Textron, Boeing and Rolls Royce failed to make “truthful statements to the government and to service members about the design, operation, and safety of V-22 Osprey aircraft,” the complaint alleges A military investigation of the crash concluded that pilots and maintenance crews were not at fault . The report said that a clutch disengaged and then reengaged, damaging the aircraft's transmission and causing engine failure. “Bell-Boeing has been aware of hard clutch engagement problems in the V-22 Ospreys since 2010,” said Timothy Loranger, a Marine Corps veteran and lawyer representing the families of those killed in the accident. “But here we are more than a dozen years later, and that knowledge hasn't resulted in a solution, and the malfunction has continued to cost lives.” The Marines killed in the crash were Cpl. Nathan E. Carlson, 21, of Winnebago, Ill., a Tiltrotor cre Show less Read more
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