Bell 505 Jet Ranger X Signed for Operation in Bolivia

July 18, 2016

Fort Worth, TX (July 18, 2016) – Bell Helicopter, a Textron Inc. (NYSE: TXT) company, announced today it has signed a letter of intent (LOI) with Mr. Rodrigo Gutíerrez for a Bell 505 Jet Ranger X. The aircraft will be used for personal corporate transport. 

The agreement was signed in Bolivia by Mr. Gutíerrez who owns and operates two large cattle ranches, five sugar cane farms and a sugar mill. This aircraft will play an important role in overseeing the management of these operations.

“We are pleased to sign for the Bell 505 and look forward to integrating the aircraft into our operations,” said Mr. Gutíerrez. “We believe the aircraft will provide efficient transportation and high levels of visibility to oversee our business.” 

With more than 800 flight test hours completed, the Bell 505 is nearing certification and is expected to become a production program this year. The aircraft is attracting worldwide attention with 380 LOIs in a range of mission sets including corporate/VIP, utility, tourism, military training and emergency medical services.

“We are extremely proud to see the Bell 505 exceeding customers’ expectations in terms of anticipated performance, safety and advanced technology,” said Jay Ortiz, Bell Helicopter’s vice president of Latin America. “Bolivia is a key market within the Latin American region, and as more of our customers get to experience the aircraft and we near certification, we anticipate continued interest and momentum.”

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.

Description: Description: Description: 505_Photo_Colorado-Demo-Ship_IMG-18_GREEN

Bell 505 flight test vehicle

Press Contact:
LINDSEY VIOTTO
+1 817-280-3100
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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, Bad Boy Off Road, 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 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 our products; volatility in the global economy or changes in worldwide political conditions that adversely impact demand for our products; risks related to our international business, including establishing and maintaining facilities in locations around the world and relying on joint venture partners, subcontractors, suppliers, representatives, consultants and other business partners in connection with international business, including in emerging market countries; 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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