Shaanxi Helicopter Signs Purchase Agreement for 100 Bell 407GXP Helicopters

June 28, 2017

Fort Worth, TX (28 June 2017) – Bell Helicopter, a Textron Inc. (NYSE: TXT) company, announced today Shaanxi Helicopter Co. Ltd. (SHC), a subsidiary of Shaanxi Energy Group, has signed a purchase agreement for 100 Bell 407GXPs, with deliveries starting this year, in connection with the framework agreement entered into with SHC in 2016.

During a special signing ceremony in Xi’an, China, Mitch Snyder, Bell Helicopter’s president and CEO, joined Mr. Xiaoning Yuan, President of Shaanxi Energy Group, along with leaders from Shaanxi Province and the U.S. and Canadian embassies.

“We are pleased to have reached an agreement for the purchase by Shaanxi Helicopter of 100 Bell 407GXPs, one of the most in-demand helicopters in China,” said Snyder. “Bell Helicopter has been developing its support and presence in China for several years and this further establishes our commitment to the region.”

“We are very pleased to sign this purchase agreement with Bell,” said Mr. Yuan. “The 407GXP meets the Chinese market’s demand for a single light helicopter.  It has exceptional performance and has been widely used in a broad range of segments including EMS, parapublic, tourism, and firefighting, among others. The gradual development of planned delivery, support, and training infrastructure will continue to promote the utilization of the 407GXP in China and provide Chinese operators with a total solution of product and technical assurance.”

The Bell 407GXP, launched in 2015, is an upgrade to the Bell 407 product line that provides an additional 50 lbs. (22.5 kg) of payload capability, coupled with a new M250 Rolls-Royce engine that improves performance and fuel efficiency delivering class-leading hot and high performance. The Bell 407GXP is also equipped with new avionics features such as hover performance calculator improvement, as well as transmission TBO extension of +500 hours that is designed to lower maintenance costs.

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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 Off Road, Arctic Cat, 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 our 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;  and continued softness or volatility in the  markets in which we do business.

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