Bell Helicopter Unveils New Bell 417

February 27, 2006

Dallas, TX - February 27, 2006 - In a dramatic unveiling at Heli-Expo yesterday, Bell Helicopter, a Textron Inc. (NYSE: TXT) company introduced their new Bell 417. In a ceremony before a large crowd, Bell Helicopter Chief Executive Officer Mike Redenbaugh revealed a mock-up of the new Bell 417 in law enforcement configuration.

"The Bell 417 is our answer to the customers' demand for a powerful single engine, helicopter with unmatched hot and high hover capability," explained Redenbaugh. "We have used the voice of the customer to drive many of the decisions we have made on the Bell 417 from concept definition to development."

The Bell 417 will maintain the legacy and reliability of the 407 and improve on it with even more power, more payload and improved hot and high performance. The Bell 417 will include a modern, Chelton "glass cockpit" and the new Honeywell HTS900 turbine engine delivering more than 970 SHP.

According to Bell Helicopter 417 Executive Director John Ricciardelli, the Bell 417 is right on track to deliver to the customer in 2008.

"We will be flying the Bell 417 prototype in April of this year and hope to complete certification in early 2008," Ricciardelli said.

In addition to incorporating the voice of the customer, the Bell 417 also brought in Bell Helicopter's world-class customer support organization to ensure the design and development concentrated on the long-term life cycle and maintainability of the aircraft.

The Bell 417 is expected to include the following basic aircraft equipment:

-- Spacious cabin with club seating for 5

-- Cockpit can accommodate 95th percentile male wearing helmets with NVG equipment stowed

-- Improved "bubble cockpit" provides greater head room

-- Integrated Chelton avionics package

-- ual VHF-COM, GPS/WAAS, AD/AHRS, transponder, and S audio panel

-- New FADEC system equipped with dual electronic control units (ECU) offering dual channel safety and reliability

Bell Helicopter is an industry-leading producer of commercial and military, manned and unmanned vertical lift aircraft and the pioneer of the revolutionary tilt rotor 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.

Textron Inc. is a $10 billion multi-industry company with 46,000 employees operating in 36 countries. The company leverages its global network of aircraft, 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, Jacobsen, Kautex, Lycoming, E-Z-GO and Greenlee, among others. More information is available at

Forward-looking Information: Certain statements in this report and other oral and written statements made by Textron from time to time are forward-looking statements, including those that discuss strategies, goals, outlook or other non-historical matters; or project revenues, income, returns or other financial measures. These forward-looking 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 forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contained in the statements, including the following: [a] changes in worldwide economic and political conditions that impact interest and foreign exchange rates; [b] the interruption of production at Textron facilities or Textron's customers or suppliers; [c] Textron's ability to perform as anticipated and to control costs under contracts with the U.S. Government; [d] the U.S. Government's ability to unilaterally modify or terminate its contracts with Textron for the Government's convenience or for Textron's failure to perform, to change applicable procurement and accounting policies, and, under certain circumstances, to suspend or debar Textron as a contractor eligible to receive future contract awards; [e] changes in national or international funding priorities and government policies on the export and import of military and commercial products; [f] the adequacy of cost estimates for various customer care programs including servicing warranties; [g] the ability to control costs and successful implementation of various cost reduction programs; [h] the timing of certifications of new aircraft products; [i] the occurrence of slowdowns or downturns in customer markets in which Textron products are sold or supplied or where Textron Financial offers financing; [j] changes in aircraft delivery schedules or cancellation of orders; [k] the impact of changes in tax legislation; [l] the extent to which Textron is able to pass raw material price increases through to customers or offset such price increases by reducing other costs; [m]Textron's ability to offset, through cost reductions, pricing pressure brought by original equipment manufacturer customers; [n] Textron's ability to realize full value of receivables and investments in securities; [o] the availability and cost of insurance; [p] increases in pension expenses related to lower than expected asset performance or changes in discount rates; [q] Textron Financial's ability to maintain portfolio credit quality; [r] Textron Financial's access to debt financing at competitive rates; [s] uncertainty in estimating contingent liabilities and establishing reserves to address such contingencies; [t] performance of acquisitions; [u] the efficacy of research and development investments to develop new products; [v] bankruptcy or other financial problems at major suppliers or customers that could cause disruptions in Textron's supply chain or difficulty in collecting amounts owed by such customers; and [w] Textron's ability to execute planned dispositions.

Connect with Textron IR

Eric Salander, Vice President, Investor Relations
(401) 457-2288
Cameron Vollmuth, Manager,
Investor Relations (401) 457-2288

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