Bell 505 Jet Ranger X Moves Forward with Velocity

March 09, 2016

Fort Worth, Texas (March 9, 2016)Bell Helicopter, a Textron Inc. (NYSE: TXT) company, announced continued program performance and outstanding customer response for the Bell 505 Jet Ranger X.

Launched at HELI-EXPO 2014, the program has moved from a mockup to prototype in less than two years. Flight testing is underway and the company is making significant progress toward type certification.

“The Bell 505 program is proceeding with velocity. This helicopter will exceed customer desires, combining proven capabilities with leading edge technologies,” said Matt Hasik, Bell Helicopter’s executive vice president of Commercial Business. “Our customers asked for high performance and high value, and the Bell 505 delivers.”

Three flight test vehicles have amassed more than 575 flight hours and work has begun to prepare for low-rate initial production at the Louisiana Assembly Center which opened last year in Lafayette, Louisiana. Additionally, engine partner Turbomecca received EASA type certification for the Arrius 2 R engine which will power the Bell 505.

SALES

“Customer response to this aircraft has been inspiring,” said Patrick Moulay, Bell Helicopter’s vice president of Commercial Sales and Marketing. “Since launching the program, we have received more letters of intent for the Bell 505 than our competitors have delivered for short light single helicopters in the past two years combined.”

With advancements in safety, performance and capability at roughly $1M price point, the Bell 505 has received more than 350 letters of intent (LOI) from around the world. Since January Bell Helicopter has received additional letters of intent from customers in North America, the Middle East, China and Puerto Rico.

Bell Helicopter signed a LOI with Fouad Bardawil, Marketing Manager, BGS Corporation for a Bell 505. The aircraft is destined for an undisclosed client and will operate in Iraq to fulfill an observation mission:


Pictured Left to Right: Bell Helicopter’s Steve Suttles, Fouad Bardawil and Steve Loftis

 

Bell Helicopter signed a LOI with Hebei Jinpeng Aviation Club Corporate Limited. The aircraft will be used for corporate travel and tourism throughout China:


Pictured Left to Right: Bell Helicopter’s Managing Director of China Chris Jaran and Mr. Yang Yi, president of Hebei Jinpeng Aviation Club Corporate Limited

Bell Helicopter signed a LOI with Empire Gas Co. Inc., a Puerto Rican based propane company. The aircraft will be used for corporate transport throughout the Caribbean. This is the first Bell 505 LOI in the Caribbean:


Pictured Left to Right: Nicole Werneck, Bell Helicopter’s Regional Sales Manager, Latin America; Bell Helicopter’s vice president of Latin America Jay Ortiz; Xavier Gonzalez Jr.; Xavier Gonzalez Simounet, sales and marketing manager, Empire Gas Company; Ernesto Di Gregorio G., president of Ecolift Corp. and Bell Helicopter’s Independent Representative.

Bell Helicopter signed a LOI with Redding Air Service, while at Heli-Expo, and the aircraft will be used for tourism and utility operations in the western United States.


Pictured: President of Redding Air Service Phillip DiFiore and Bell Helicopter’s EVP of Commercial Business Matt Hasik

SUPPORT AND SERVICES

“We are committed to provide 505 customers more choices when it comes to supporting and servicing their aircraft,” said Glenn Isbell, Bell Helicopter’s executive vice president of Customer Support and Services. “With the combined Bell Helicopter Customer Advantage Plan and Turbomecca Support by the Hour solution, we are able to protect aircraft and engine direct maintenance costs for Bell 505 customers of around $300 per flight hour.”

Additionally, Bell Helicopter has signed agreements with Mechanical Specialties Inc. of Olympia, Washington, for an authorized cargo hook system and Paravion Technology Inc. of Fort Collins, Colorado, for an authorized air conditioning system. Both systems will be available as type-certificated kits for factory or aftermarket install.

“This is the year we go from a development program to a production program,” said Hasik. “We are working closely with Transport Canada on Type Certification and look forward to start delivering aircraft later this year.

The Bell 505, which first flew November 10, 2014, is a five-seat, single-engine, turbine helicopter leveraging Bell Helicopter’s proven technology and nearly half a century of experience. The Bell 505 is equipped with a dual channel FADEC, the first in the short light single weight class, increasing safety through redundant engine controls and lightening pilot workload so they can focus on accomplishing the mission. An integrated glass cockpit as part of the base configuration simplifies the cockpit for the crew, replacing mechanical dials with 10” flat screens allowing the crew to focus on the information they need for a given flight condition.

Press Contact:

BRIDGET HALL
+1 817-280-7963
mediarelations@bh.com

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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, Textron Systems and TRU Simulation + Training. For more information, visit 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, changes in aircraft delivery schedules or cancellation or deferrals or 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 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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David Rosenberg, Vice President, Investor Relations
(401) 457-2288
Kyle Williams, Manager, Investor Relations
(401) 457-2288

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