Fort Worth, TX - July 1, 2009 - Bell Helicopter, a Textron Inc. (NYSE: TXT) company, today announced the certification by Transport Canada Civil Aviation (TCCA) of its newest light twin engine helicopter, the 429. Bell has also completed the Federal Aviation Administration (FAA) certification requirements. First deliveries are scheduled to begin this month.
“This is an outstanding helicopter and one that is really resonating with our customers,” said Dick Millman, president and CEO of Bell. “I am extremely proud of the Bell team for the work they have done to create the 429 and I believe this is just the start of many great things we will see coming out of Bell Helicopter in the years to come.”
“The 429 is the kind of product that will energize the marketplace,” said Bob Fitzpatrick, senior vice president of Business Development and Commercial Programs. “Its design makes it adaptable for different market segments. Powered by two Pratt-Whitney Canada PW207D1 engines, the 429 has a phenomenally smooth ride and a power-to-weight ratio greater than 20 percent – better than any helicopter in its class.”
As part of the 429’s development, Bell established multiple customer advisory boards that were consulted throughout the design and manufacturing phase to gather input on what they want in a light twin engine helicopter. The result is a helicopter that meets or exceeds every critical design element identified by the customer boards.
“We are delivering an aircraft that is absolutely on target for our customers,” said Neil Marshall, Bell’s 429 program director. “We felt it was critical to deliver on our promise and I’m proud to say we didn’t compromise.”
With 30 percent greater cabin volume than any other competitor in its class, Bell is confident that the 429 will be well received by the market. In fact, since Bell first announced the 429, over 300 letters of intent have been received making the 429 the most anticipated new helicopter launched in recent history. Over the next several months Bell will be working with its customers to convert these letters of intent into firm binding orders.
“My organization will be ready from day one with the kind of support, spares and services that the vertical lift industry has come to expect from Bell Helicopter,” said Danny Maldonado, senior vice president of Customer Support and Chief Services Officer for Bell.
Bell is known throughout the industry as the premier provider of customer support and service and has developed pilot and maintenance training courses for the 429 to ensure its smooth introduction into the operating community.
About Bell Helicopter
Bell Helicopter, a wholly owned subsidiary of Textron Inc., is an industry-leading producer of commercial and military, manned and unmanned vertical lift aircraft and the pioneer of the revolutionary tilt rotor aircraft. Globally recognized for world-class customer service, innovation and superior quality, Bell's global workforce serves customers flying Bell aircraft in more than 120 countries.
About Textron Inc.
Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron in known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems. More information is available at www.textron.com.
Forward-looking Information: Certain statements in this release are forward-looking statements and speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contained in the statements, including but not limited to the following: [a] changes in worldwide economic and political conditions that impact demand for our products, interest rates and foreign exchange rates; [b] the interruption of production at our facilities or at our suppliers’ facilities; [c] the timing of new product launches and certifications of new aircraft products; [d] the occurrence of slowdowns or downturns in customer markets in which our products are sold or supplied; [e] changes in aircraft delivery schedules or cancellation of orders; [f] the launching of significant new products or programs which could result in unanticipated expenses; [g] changes in national or international government policies on the export and import of commercial products; and [h] bankruptcy or other financial problems at major suppliers that could cause disruptions in our supply chain.