Signature S.R.L. in Paraguay Signs for Bell 505 Jet Ranger X

August 08, 2016

Fort Worth, TX (August 8, 2016) –Bell Helicopter, a Textron Inc. (NYSE: TXT) company, announced today it has signed a letter of intent (LOI) with Signature S.R.L. for a Bell 505 Jet Ranger X. The aircraft will be used for corporate transport in Paraguay.

“We are pleased to sign for the Bell 505 and look forward to integrating the aircraft into our operations,” said Mr. Paul Hellmers, Co-Owner, Signature S.R.L.

The Bell 505 has accumulated more than 380 LOIs around the globe. The aircraft is on track for certification in 2016 and has completed more than 800 test hours.

“The Bell 505 continues to generate excitement throughout Latin America; as customers begin to experience the aircraft’s capabilities, they will see the value proposition of integrating this aircraft into their daily operations,” said Jay Ortiz, vice president of Latin American sales. “The Bell 505 is a value leader in the short light single market, and we look forward to delivering this high-performing aircraft to our customers.”

With a cruise speed of 125 knots (232 km/h), range of 360 nautical miles (667 km) and useful load of 1,500 pounds (608 kg), the Bell 505 is designed to be safe and easy to fly while providing significant value to the operator. The customer-driven design of the aircraft places safety, performance and affordability at the forefront, blending proven systems with advanced technology and a sleek, modern design. The Garmin G1000H Integrated Avionics Suite provides pilots critical flight information at a glance to maximize situational awareness. Pilot workload is further reduced by the Turbomeca Arrius 2R engine with dual channel Full Authority Digital Engine Control (FADEC).

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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, 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.

Connect with Textron IR

David Rosenberg, Vice President, Investor Relations
(401) 457-2288
Kyle Williams, Manager, Investor Relations
(401) 457-2288

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