Beijing, China - September 25, 2013 - Bell Helicopter, a Textron Inc. company (NYSE: TXT) announced today at Aviation Expo / China 2013 it has signed a purchase agreement with its Independent Representative (IR), Reignwood Investment Co. Ltd. (Reignwood), for the purchase of 12 Bell helicopters. The sale includes 10 Bell 407 aircraft and two Bell 429 aircraft. The aircraft are being purchased for an unannounced private company end-user in China.
"Reignwood has demonstrated solid growth as an Independent Representative for Bell Helicopter in China," said Chris Jaran, Bell Helicopter's managing director, China. "They continue to work collaboratively with our Beijing-based regional sales team, and we are pleased with their progress."
The Bell 407's reliability, speed, performance and maneuverability make it the ideal aircraft for a variety of missions. The cabin holds five passengers in club seating or can easily be modified to accommodate a broad range of equipment. The all-composite, four-bladed rotor system provides a smooth ride, excellent hover performance and speed, even in high altitudes and extreme temperatures. The Bell 407 offers advanced safety features such as a rupture-resistant fuel system, a FADEC engine and superb autorotation capabilities.
The Bell 429 remains a top-seller for Bell Helicopter and is one of the most advanced light twin helicopters ever developed, offering exceptional speed, range and hover performance. The Bell 429 has a fully-integrated glass cockpit and an electronic data recorder to help increase situational awareness and safety margins. The Bell 429's cabin accommodates up to seven passengers and offers a quick change interior that can be converted from passenger to cargo service. The aircraft serves all major market segments, including air ambulance, oil and gas, utility, parapublic and corporate.
Backed by Bell Helicopter's #1 ranked Customer Support and Services, Bell Helicopter offers a global support network with a variety of product and service offerings, including parts sales and distribution, maintenance, repair and overhaul, blade repair, and customization.
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 Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems. More information is available at 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, 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; performance issues with key suppliers or subcontractors; difficult conditions in the financial markets which may adversely impact our customers' ability to fund or finance purchases of our products; and continued demand softness or volatility in the markets in which we do business.
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Sara Monger
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mediarelations@bh.com
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