Fort Worth, TX - September 10, 2013 - Bell Helicopter, a Textron Inc. company (NYSE: TXT), is pleased to announce it has been awarded a contract with the U.S. Army valued at more than $61 million to supply 12 new metal OH-58D Kiowa Warrior cabins and 12 supplemental parts kits. The new metal cabins will be manufactured at Bell Helicopter's facility in Amarillo, Texas with deliveries to begin January 2015.
"This agreement is a significant milestone in the Kiowa Warrior's legacy, proving the Army's continued confidence in the OH-58 aircraft. With its remarkable record for reliability and our continuous improvement roadmap, the OH-58 will continue to meet the needs of the Army for many years to come," said Mike Miller, director of Military Business Development at Bell Helicopter.
The OH-58 has been in continuous use by the U.S. Army, flying more than 836,000 combat hours with the highest readiness and highest OPTEMPO in the Army fleet. During a program update last April at the 2013 Army Aviation Association of America's Annual Professional Forum and Exposition, Bell Helicopter shared that the OH-58 consistently ranks as the Army's most affordable combat aircraft. Combining new metal cabins with the ongoing cockpit and sensor upgrade program will enhance the capabilities of this proven workhorse while also extending its service life.
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.
Certain statements in this press release may project revenues or describe strategies, goals, outlook or other non-historical matters; these forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update them. 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 risks related to U.S. Government contracts as described in our filings with the Securities and Exchange Commission.
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