In 1941, Bell hired Arthur M. Young, a talented inventor, to provide expertise for helicopter research and development. It was the foundation for what Bell hoped would be a broader economic base for his company that was not dependent on government contracts. The Bell 30 was their first full-size helicopter (first flight December 29, 1942) and the Bell 47 became the first helicopter rated by a civil aviation authority in the world and would become a civilian and military success.
Textron purchased Bell Aerospace in 1960. Bell Aerospace was composed of three divisions of Bell Aircraft Corporation, including its helicopter division, which had become its only division still producing complete aircraft. The helicopter division was renamed to Bell Helicopter Company and in a few years, with the success of the UH-1 during the Vietnam War, it had established itself as the largest division of Textron. In January 1976, Textron changed the name of the company again to Bell Helicopter Textron.
Bell Helicopter has a close association with AgustaWestland. The partnership dates back to separate manufacturing and technology agreements with Agusta (Bell 47 and Bell 206) and as a sublicence via Agusta with Westland (Bell 47). When the two European firms merged, the partnerships were retained, with the exception of the AB139, which is now known as the AW139. As of 2014[update], Bell and AW cooperate on the AW609tiltrotor.
Bell intends to reduce employment by 760 in 2014 as fewer V-22s are made.