Major Assembly Starts on Bell V-280 Valor Fuselage

June 15, 2015

Advanced tiltrotor to offer significant capabilities increase in speed, range and access

Fort Worth, Texas, (June 15, 2015)Bell Helicopter, a Textron Inc. (NYSE: TXT) company, and Spirit AeroSystems Inc. (NYSE: SPR) today announced major assembly has started on the Bell V-280 Valor fuselage.

“Spirit AeroSystems brings decades of composite manufacturing experience to the team which allows us to quickly build an aircraft like the V-280,” said Phil Anderson, Spirit AeroSystems senior vice president of Defense. “This is a major milestone for the technology demonstrator unit. Spirit AeroSystems is proud to be on Team Valor and we are excited to be designing and building the composite cabin and cockpit for the V-280.”

Visit these links to see images of the Bell V-280, and of the fuselage assembly.

“U.S. ground forces require significant increase in speed and range to operate against and strike adversary systems much deeper than existing platforms,” said Mitch Snyder, executive vice president of Military Business for Bell Helicopter. “That is the vision for Future Vertical Lift. The V-280 advanced technology tiltrotor provides the Department of Defense (DoD) with unmatched speed, range and payload for expeditionary maneuver to win these future conflicts. We are confident in the capability that the V-280 will provide, and we are proud to have Spirit AeroSystems adding their expertise to Team Valor and to the V-280. Spirit AeroSystems beginning major assembly on the V-280 fuselage brings this high-performance aircraft one step closer to completion.”

The delivery of the first V-280 fuselage to the Bell Helicopter facility in Amarillo, Texas, is expected later this year. First flight of the V-280 Technology Demonstrator is anticipated in the second half of 2017.

With more than twice the speed and twice the range of current helicopter platforms, the Bell V-280 is designed to provide combatant commanders with the ability to reach the battlefield while providing superior low-speed agility at the objective. The efficient speed and reduced reaction time provided by the V-280 will allow operators to outmaneuver their adversaries. The tiltrotor’s speed, range and payload significantly reduce logistical, security and medical footprints, freeing up personnel and additional combat power.

Bell Helicopter has led the formation of Team Valor, a group of preeminent aerospace companies bringing the best engineering resources and industrial capabilities to meet the Department of Defense’s anticipated needs.

Team Valor includes:

  • Lockheed Martin
  • Spirit AeroSystems
  • Astronics
  • Eaton
  • General Electric
  • GKN Aerospace
  • Israel Aerospace Industries
  • Lord
  • Meggitt
  • Moog
  • TRU Simulation and Training

Press Contact - Bell Helicopter

ANDREW WOODWARD
+1 817-280-3100
mediarelations@bh.com
Online Media Kit
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Press Contact – Spirit AeroSystems
JARROD BARTLETT
+1 316-523-5649
Jarrod.s.bartlett@spiritaero.com

The views and conclusions contained in this document are those of the authors and should not be interpreted as representing the official policies, either expressed or implied, of the Aviation Applied Technology Directorate or the U.S. Government.

About AMRDEC
AMRDEC is part of the U.S. Army Research, Development and Engineering Command, which has the mission to develop technology and engineering solutions for America's Soldiers. AMRDEC employs nearly 11,000 civilian scientists, researchers, and engineers.

About RDECOM
RDECOM is a major subordinate command of the U.S. Army Materiel Command. AMC is the Army's premier provider of materiel readiness -- technology, acquisition support, materiel development, logistics power projection, and sustainment -- to the total force, across the spectrum of joint military operations.

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.

About Spirit AeroSystems Inc.
Spirit AeroSystems, with headquarters in Wichita, Kan., USA, is one of the world's largest non-OEM designers and manufacturers of aerostructures for commercial aircraft. In addition to its Wichita and Chanute facilities in Kansas, Spirit has locations in Tulsa and McAlester, Okla.; Kinston, N.C.; Nashville, Tenn.; Prestwick, Scotland; Preston, England; Subang, Malaysia; and Saint-Nazaire, France. In the U.S., Spirit's core products include fuselages, pylons, nacelles and wing components. Additionally, Spirit provides aftermarket customer support services, including spare parts, maintenance/repair/overhaul, and fleet support services in North America, Europe and Asia. SpiritEurope produces wing components for a host of customers, including Airbus.

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 risk that the U.S. Army will not choose the Bell V-280 for its Future Vertical Lift program; the efficacy of research and development investments to develop new products or unanticipated expenses or delays in connection with the launching of significant new products or programs; changing priorities or reductions in the U.S. Government defense budget, including those related to military operations in foreign countries; changes in worldwide economic or political conditions that impact demand for our products, interest rates or foreign exchange rates; our ability to perform as anticipated and to control costs under contracts with the U.S. Government; the U.S. Government’s ability to unilaterally modify or terminate its contracts with us for the U.S. Government’s convenience or for our failure to perform, to change applicable procurement and accounting policies, or, under certain circumstances, to withhold payment or suspend or debar us as a contractor eligible to receive future contract awards; changes in foreign military funding priorities or budget constraints and determinations, or changes in government regulations or policies on the export and import of military and commercial products; and performance issues with key suppliers, subcontractors or business partners.

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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