Louisiana Terminates Incentives Agreement With Bell Helicopter

Helicopter Getty RF

Louisiana Economic Development is pulling the plug on an incentives agreement with Bell Helicopter in Lafayette.

The firm stands accused of failing to live up to the job and manufacturing commitments for the state-funded $26 million aerospace assembly operations facility. With terms of the agreement allegedly violated, the state says it's entitled to a $16 million payment from Bell.

The company later issued a statement disputing the state's assertions.

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