Fort Worth, TX - October 9, 2013 - Bell Helicopter, a Textron Inc. company (NYSE: TXT), announced today that Moog Inc. (NYSE: MOG.A and MOG.B) will design, manufacture and qualify an integrated flight control system, consisting of flight control computers, support software, and flight control actuation, for the Bell V-280 Valor™.
"Moog is a premier flight control system provider, and we are pleased to team with them on our third-generation tiltrotor - the Bell V-280 Valor," said John Garrison, president and CEO of Bell Helicopter. "Moog's experience and innovation helps us deliver the highest levels of maturity and technical readiness required for the U.S. Army's future vertical lift missions."
"We have a long history of working with Bell Helicopter and are delighted to be part of Team Valor," stated Warren Johnson, president of Moog's Aircraft Group. "We made the strategic decision to align our interests and resources with Bell Helicopter on this key program and believe the Bell V-280 will be the most advanced, operationally-effective vertical lift solution, providing our warfighters an unparalleled combination of range, speed, and combat capability."
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. Doubling the speed and range of conventional helicopters, 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 currently unachievable in today's 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 Moog Inc.
Moog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog's high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind energy, marine and medical equipment. Additional information about the Company can be found at www.moog.com.
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
Moog Inc.
Ann M. Luhr
716-687-5587
aluhr@moog.com
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