Simrik Air Signs for First Bell 407GXP in Nepal

February 16, 2016

Bell Helicopter attracts customers after demonstrating the heightened capability of Bell 407GXP in Nepal last year

SINGAPORE AIRSHOW – Singapore (February 16, 2016) Bell Helicopter, a Textron Inc. (NYSE: TXT) company, announced today an agreement for the purchase of the first Bell 407GXP in Nepal. This will be the customer’s first Bell helicopter and will be outfitted for multi-mission capabilities including travel and tourism.

Chairman of Simrik Air Pvt Ltd., Capt. Rameshwar Thapa, joined Bell Helicopter’s leadership team at the Singapore Airshow to sign the agreement for the first Bell 407GXP in Nepal.

Simrik Air Signs for First Bell 407GXP in Nepal

(Pictured from left to right: Sameer Rehman, Bell Helicopter’s managing director of Asia Pacific; Rajendra Singh, managing director, Simrik Air; B.S. Singh Deo, Bell Helicopter’s managing director of India; Capt. Rameshwar Thapa, Chairman of Simrik Air; Patrick Moulay, Bell Helicopter’s vice president of Global Sales and Marketing and Shiram Ghatpande, Bell Helicopter’s business development senior manager.)

Simrik Air, established in 2001, is a leading helicopter company in Nepal with a superior track record in high altitude rescue services. Simrik Air’s trained pilots and rescue specialists from the United States and Switzerland carry out long line missions for rescues, heli skiing missions, filming operations, aerial surveying, and more.

“At Simrik Air, we pride ourselves on meeting any helicopter mission requirement – whenever and wherever – and safety remains the top priority in our company, which is why the Bell 407GXP is a great fit for our team,” said Capt. Rameshwar Thapa, Chairman, Simrik Air Pvt Ltd. “After testing the aircraft and experiencing first-hand the maneuverability and smooth performance during the recent Bell 407GXP demo tour in Nepal, we could not be more thrilled to add the Bell 407GXP to our fleet.”

Bell Helicopter introduced the latest variant of the popular Bell 407 platform at Heli-Expo 2015 in March, with great customer interest. The new aircraft incorporates the reliability and advanced technology of the Bell 407GX platform, and introduces performance enhancements, payload increase and pilot workload reduction.

“We continue to make performance enhancements to our modern product line and customers are taking notice,” said Patrick Moulay, Bell Helicopter’s vice president of Global Sales and Marketing. “Given the diverse needs of our customers, it’s imperative they have a multi-mission capable aircraft that can perform under varying circumstances – including adverse weather conditions.”

“This is a significant milestone for the Bell Helicopter team, and we are honored Simrik Air has purchased this proven aircraft, which is designed to maximize power, safety and reliability for their operations in Nepal, and we look forward to supporting their missions for years to come,” added Moulay.

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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 cancellations or deferrals of orders; 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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