Bell, CALSTAR Sign Four Aircraft Deal

November 15, 2007
The new 429 Aircraft to Support EMS Mission

Fort Worth, TX - November 15, 2007 - Bell Helicopter, a Textron Inc. (NYSE: TXT) company, announced the sale of four of its new 429 model aircraft to California Shock Trauma Air Rescue (CALSTAR), a regional 501(c)(3) non-profit helicopter ambulance service.

Bob Fitzpatrick, senior vice president for Marketing and Sales at Bell stated, "Since the 429 was designed with input from our EMS customers, it is especially gratifying to see a company the caliber of CALSTAR recognize the potential of this aircraft and we look for a long and satisfying relationship with them going forward."

Joe Cook, president and CEO of CALSTAR said, "We are very excited about the additional capabilities the new Bell 429s will bring to our operation. In addition, Bell's reputation for building safe and reliable helicopters combined with their excellent record of customer support, weighed heavily in our decision to purchase the 429."

The 429, currently in flight test, will begin customer deliveries late in 2008. Since its introduction into the marketplace the Bell 429 has seen an ever increasing order backlog that now stands well over 200.

Mike Coulman, Bell's regional sales manager added, "CALSTAR has a very diverse operating environment that extends from the coast up into the higher elevations of Central and Northern California. Their new Bell 429's will provide them with scheduling flexibility to operate reliably throughout the region."

Since CALSTAR commenced flight operations in August of 1984, over 34,000 critically injured or ill patients have been transported on an emergency basis to hospitals throughout Northern California.

About Bell Helicopter 
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.

About Textron Inc.
Textron Inc. is an $11 billion multi-industry company operating in 32 countries with approximately 40,000 employees. 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 Company , Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, Fluid & Power, Textron Systems and Textron Financial Corporation. More information is available at www.textron.com.

Forward-looking Information: Certain statements in this press release are forward-looking statements and 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 but not limited to the following: (a) changes in worldwide economic and political conditions that impact demand for our products, interest rates and foreign exchange rates; (b) the interruption of production at Textron facilities or Textron's customers or suppliers; (c) the timing of new product launches and certifications of new aircraft products; (d) the occurrence of slowdowns or downturns in customer markets in which Textron products are sold or supplied; (e) changes in aircraft delivery schedules or cancellation of orders; (f) the launching of significant new products or programs which could result in unanticipated expenses; and (g) bankruptcy or other financial problems at major suppliers that could cause disruptions in Textron's supply chain.

Connect with Textron IR

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

Email Alert

Enter your Email *
Mailing Lists *

 
Enter the code shown above.