Bell Helicopter’s Bell 505 Jet Ranger X Captures China’s Attention

November 12, 2014

Letter of intent signed with Reignwood Investment, Ltd. Is the largest single Bell 505 order to date 

ZHUHAI, CHINA (November 12, 2014)Bell Helicopter, a Textron Inc. company, (NYSE: TXT), announced it has signed a letter of intent with Reignwood Investment, Ltd., (Reignwood) for 50 Bell 505 Jet Ranger X aircraft. The announcement was made as part of a formal signing ceremony at the Bell Helicopter display at Airshow China in Zhuhai.

“This agreement demonstrates the interest and excitement Bell Helicopter is generating in China and strengthens the relationship between Bell Helicopter and Reignwood,” said John Garrison, Bell Helicopter’s president and CEO. “The Bell 505 was designed based on extensive input provided by a Customer Advisory Council placing safety, performance and affordability at the forefront of its design. It is built upon the features and capabilities of the legendary Bell JetRanger with a sleek, new design and advanced technologies.”

“Bell Helicopter and Reignwood enjoy a solid and growing relationship in China,” said Chris Jaran, Bell Helicopter’s vice president, China. “Their knowledge of the culture and the customer base has been a tremendous resource for us. They are active advocates of our aircraft because they see the value in our multi-mission capabilities. Reignwood’s fleet of Bell 206, Bell 407GX and Bell 429 helicopters are flying in many roles across China including EMS, corporate transport and pilot training.“

Reignwood, a Bell Helicopter Independent Representative, will use the aircraft for travel and tourism purposes. Reignwood is a global Chinese enterprise focused on four major growth sectors including consumer products, lifestyle, industrial and finance.

“We are pleased to work with Bell Helicopter on this agreement and are confident the new Bell 505 is the ideal solution to meet our requirements,” said Zheng Gang, chairman of Reignwood Aviation. “We are excited to welcome the Bell 505 to China and to the Reignwood fleet. This order increases Reignwood’s commitment to 60 Bell 505’s on order.”

Left to Right: Zheng Gang, chairman of Reignwood Aviation and John Garrison, president and CEO, Bell Helicopter

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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, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems. For more information, visit 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, including, but not limited to, changes in aircraft delivery schedules or cancellations or deferrals of orders; 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 commercial products; volatility in the global economy or changes in worldwide political conditions that adversely impact demand for our products; volatility in interest rates or foreign exchange rates; risks related to our international business, including relying on joint venture partners, subcontractors, suppliers, representatives, consultants and other business partners in connection with international business, including in emerging market countries.

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Eric Salander, Vice President, Investor Relations
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