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I work in a different division of Textron, and while we haven't had any direct announcements about layoffs, there's definitely a sense of uncertainty in the air. Budgets feel tighter, and some projects are definitely being re-evaluated. It's not panic mode by any stretch, but the whispers you're hearing are probably not entirely unfounded. Companies often adjust their workforce based on market conditions and contract cycles, so it wouldn't be surprising if some areas are feeling the pressure.
Heard similar rumblings myself, though not specifically about Bell. It's always a tense time when these rumors start circulating. The industry can be quite cyclical, and Textron, being a large conglomerate, is always balancing new opportunities with existing business. Hopefully, any adjustments are managed with transparency and consideration for those affected. Keeping an eye on industry news and internal communications is probably the best approach right now.