Fort Worth, TX - March 3, 2008 - Bell Helicopter, a Textron Inc. (NYSE: TXT) company, this week delivered another H-1 Upgrade aircraft and brought February's delivery total to three for the program.
The third aircraft, a UH-1Y utility helicopter, was accepted by the U.S. Marine Corps on Feb. 26, 2008. Final assembly of the aircraft was completed at Bell's Military Aircraft Assembly Center in Amarillo, Texas.
Two other H-1 aircraft have been delivered so far this year. An AH-1Z attack aircraft was delivered on Feb. 8, and another UH-1Y was delivered Feb. 13. In addition to these three H-1s, Bell's Amarillo facility also completed and delivered two V-22 Osprey aircraft in February.
The H-1 program, which includes both the utility Yankee and the attack Zulu models, began Phase II of its Operational Evaluation on Feb. 13. A full-rate production decision is expected later this year. The H-1 Upgrade Program currently calls for a total of 100 UH-1Y and 180 AH-1Z aircraft.
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 a $13.2 billion multi-industry company operating in 34 countries with approximately 44,000 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: This release contains forward-looking statements regarding a U.S. Government programs awarded to Bell Helicopter. 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] Textron's ability to perform as anticipated and to control costs under contracts with the U.S. Government; [b] 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; [c] changing priorities or reductions in the U.S. Government defense budget, including those related to Operation Iraqi Freedom, Operation Enduring Freedom and the Global War on Terrorism; and [d] changes in national or international funding priorities, U.S. and foreign military budget constraints and determinations and government policies on the export and import of military and commercial products.
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