Fort Worth, TX - October 18, 2013 - Bell Helicopter, a Textron Inc. company (NYSE: TXT), announced today that AGC Composites and Aerostructures will design, develop and manufacture the over wing fairing for the Bell V-280 Valor™.
"We are excited AGC Composites and Aerostructures is joining Team Valor and will provide the over wing fairing for the Bell V-280 tiltrotor," said John Garrison, president and CEO of Bell Helicopter. "AGC Composites and Aerostructures joins our growing team of aerospace leaders who are aligning their interests and resources to deliver the highest levels of maturity and technical readiness to the U.S. Army for their future vertical lift missions."
"AGC Composites and Aerostructures is pleased to team on the V-280 program. AGC will utilize our engineering design, tooling production and composites and metallic manufacturing capabilities to successfully achieve the goals of this program," stated Rick Armstrong, president and CEO of AGC Composites & Aerostructures. "The development of the over wing fairing will be a collaborative effort of several of our U.S. AGC companies. Bell Helicopter has developed a great team which will satisfy the requirements of the DOD's Future Vertical Lift program. AGC Composites and Aerostructures appreciates the opportunity to team and expand our relationship with Bell Helicopter."
Team Valor is comprised of leading aerospace companies, bringing the best engineering resources, industrial capabilities, and critical thinking in the industry to meet the Army's needs. Additional team members will be announced in the coming weeks.
The transformational features of Bell Helicopter's third generation tiltrotor represent the most operationally effective aircraft for the U.S. Army's Future Vertical Lift requirements. With increased maintainability and component and systems reliability, the Bell V-280 is designed to deliver the best value in procurement, operations and support, and force structure. With more than twice the speed and range, the Bell V-280 Valor will offer commanders a combat maneuver platform with unmatched operational agility to self-deploy and perform a multitude of vertical lift missions unachievable with current aircraft.
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 tiltrotor 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 is 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.
About AGC Composites and Aerostructures
AGC Composites & Aerostructures, part of the AGC Aerospace & Defense portfolio, is jointly owned by The Edgewater Funds and Acorn Growth Companies. Its specialized products and capabilities include custom, weight-saving composite structures for legacy weapon systems, composite details and assemblies for aircraft currently in production, precision exotic metal assemblies for aircraft engines, and aircraft structural fusion welding (ASFW) on alloy metal parts for aftermarket spare programs.
Certain statements in this press release are forward-looking statements which may project revenues or describe strategies, goals, outlook or other non-historical matters; these statements 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 statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, the risk that the U.S. Army will not choose the Bell V-280 for its Future Vertical Lift program; the efficacy of research and development investments to develop new products or unanticipated expenses or delays in connection with the launching of significant new products or programs; changing priorities or reductions in the U.S. Government defense budget, including those related to military operations in foreign countries; changes in worldwide economic or political conditions that impact demand for our products, interest rates or foreign exchange rates; our ability to perform as anticipated and to control costs under contracts with the U.S. Government; the U.S. Government's ability to unilaterally modify or terminate its contracts with us for the U.S. Government's convenience or for our failure to perform, to change applicable procurement and accounting policies, or, under certain circumstances, to withhold payment or suspend or debar us as a contractor eligible to receive future contract awards; changes in foreign military funding priorities or budget constraints and determinations, or changes in government regulations or policies on the export and import of military and commercial products; and performance issues with key suppliers, subcontractors or business partners.
Contact
Bell Helicopter
Susan Gordon
817-280-3100
mediarelations@bh.com
AGC Composites and Aerostructures
Johnny Lantz
405-737-2676 ext. 2012
jlantz@agcaerospace.com
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