Bell Helicopter and Able Engineering & Component Services, Inc. sign Memorandum of Understanding to Develop Expanded Repair Capabilities

February 26, 2014

ANAHEIM, CA (February 26, 2014)Bell Helicopter, a Textron Inc (NYSE: TXT) company, announced it has signed a memorandum of understanding (MOU) with Able Engineering & Component Services, Inc., (Able) to collaborate on Able Engineering developed repairs.

This new collaborative effort allows Bell Helicopter to take advantage of industry developed expanded repair options for customers.

“Bell Helicopter’s Customer Support and Services organization is focused on keeping our customers safely flying,” said Eric Cardinali, executive vice president, Customer Support and Services. “The collaboration with Able allows us to explore ways to reduce our customers’ operating cost and to reduce their downtime. We welcome the opportunity to engage in a relationship with Able that will expand upon our respective service capabilities.”

“The MOU between Bell Helicopter and Able charts a new relationship in our industry by combining Bell Helicopter's immense product knowledge with Able’s resourceful aftermarket,” said Lee Benson, CEO Able Engineering & Component Services. “We believe these solutions will be of tremendous benefit to our mutual customers.”

Over the next year, Bell Helicopter will begin discussions with Able to consider such initiatives as a Bell Helicopter Engineering review of expanded repairs performed by Able, to ensure they meet Bell Helicopter’s rigorous standards for safety, and the potential Bell Helicopter authorization of Able Engineering repairs. Bell Helicopter and Able will also look at making such repairs available through Bell Helicopter Piney Flats and the Bell Helicopter authorized Customer Service Facility network.

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About Able Engineering & Component Services, Inc. and Able Aerospace, Inc.
Able Engineering & Component Services, Inc. and Able Aerospace, Inc., combine more than 32 years of dynamic component repair and overhauls with more than 30 Engineering professionals, a large spares inventory and PMA parts. They are focused on safely reducing aircraft operating costs by providing resourceful component repair, overhaul and approved replacement solutions.

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 may project revenues or describe strategies, goals, outlook or other non-historical matters; these forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update them. 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.

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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