Bell Helicopter Announces Deal with Guangxi Diwang Group for 10 Bell 525s

March 01, 2016

HAI HELI-EXPO - Louisville, KY (March 1, 2016) Bell Helicopter, a Textron Inc. (NYSE: TXT) company, announced today a signed letter of intent with Guangxi Diwang Group for 10 Bell 525 Relentless super-medium helicopters. Guangxi Diwang Group will use the Bell 525s for tourism and search-and-rescue missions. Guangxi Diwang Group is a Commercial Development and Real Estate Investor.

“After learning more about the Bell 525, being able to experience its capabilities in the aircraft’s simulator, and seeing the prototype fly at its production center in Amarillo it was easy to determine that the Bell 525 is the best choice to fill our commercial needs in China,” said Hai Lin, Chairman of Guangxi Diwang Group. “We are eager to incorporate the aircraft into our operations and are confident that it will provide exceptional value and performance for our variety of clients and that Bell Helicopter will be there to support us.”

“The Bell 525 is the first fly-by-wire commercial helicopter, and we are excited to see our first Chinese customer come forward and make the commitment to sign a letter of intent for a significant number of aircraft to debut in that market,” said Larry Roberts, Bell Helicopter’s vice president of sales and marketing for the Bell 525 Relentless program. “With its diverse capabilities, the Bell 525 is a great fit for Guangxi Diwang Group’s range of missions while also being cost effective.”

The Bell 525 is designed to operate safely and reliably in austere environments and with decreased pilot workload. The aircraft integrates critical systems data to be easily accessible at a glance with the Garmin G5000H® suite, the first fully-integrated touch screen flight deck designed for helicopters. Best-in-class payload, cabin, cargo volumes, comfort and egress complement the technological advancements on the aircraft. The first flight of the Bell 525 was achieved on 1 July 2015 and certification of the aircraft is anticipated in 2017.

(Pictured Left to Right: Denon Prawiraatmadja, CEO, PT Whitesky Aviation and Bell Helicopter’s Executive Vice President of Customer Support and Services Glenn Isbell.)

(From Left to Right: Front Row: Mr. Van Han, Assistant to Chairman, Mr. Hai Lin, Chairman of Guangxi Diwang Investment Group, Bell Helicopter’s Larry Roberts and General Manager of Bell Helicopter’s Amarillo Assembly Center Shannon Massey, Back Row: Loretta Liu, Chief Sales Representative at Aerochine Aviation and Bell Helicopter’s Independent Representative for Southern region of China, Hong Kong and Macau, Bell Helicopter Sales Manager Zhenhong Jin, and Manager of the Bell 525 Program Assembly Dave Dennison)

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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, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, Textron Systems and TRU Simulation + Training. For more information, visit www.textron.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, changes in aircraft delivery schedules or cancellations or deferrals of orders; the efficacy of research and development investments to develop new products or unanticipated expenses in connection with the launching of significant new products or programs; the timing of our new product launches or certifications of our new aircraft products; our ability to keep pace with our competitors in the introduction of new products and upgrades with features and technologies desired by our customers; changes in government regulations or policies on the export and import of commercial products; volatility in the global economy or changes in worldwide political conditions that adversely impact demand for our products; volatility in interest rates or foreign exchange rates; risks related to our international business, including relying on joint venture partners, subcontractors, suppliers, representatives, consultants and other business partners in connection with international business, including in emerging market countries.

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David Rosenberg, Vice President, Investor Relations
(401) 457-2288
Kyle Williams, Manager, Investor Relations
(401) 457-2288

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