Bell Celebrates Grand Opening of 525 Experience Center in Norway

September 20, 2021

Stavanger, Norway (Sept. 20, 2021) Bell Textron Inc., a Textron Inc. (NYSE: TXT) company, unveiled today its new 525 Experience Center at the Stavanger Airport in Norway. The center is an innovative space designed to showcase the Bell 525 capabilities for customers in Norway who perform missions in oil and gas, search and rescue (SAR), and military operations.

“Norway is a key market for Bell, and we are proud to establish our presence here,” said Patrick Moulay, senior vice president, Commercial Business. “We look forward to hosting key stakeholders to experience the Bell 525 and see firsthand how this 21st century aircraft will revolutionize customers’ operations.”

Bell has partnered with its Independent Representative (IR), Norwegian Aviation & Defense Group, in country to establish this facility. The center is located inside a hangar and displays the 525 mockup with interactive workstations for potential customers to learn more about the aircraft and its capabilities.

“This center is an exciting next step for Bell in Norway,” said Ole Petter Bakken, CEO of Norwegian Aviation Defense Group. “We will be able to showcase to customers the new technology the Bell 525 can provide for the energy sector, defense and SAR markets.”

Last year at HAI Heli-Expo 2020, Bell announced the Bell 525 collaboration agreement with Norwegian oil and gas operator Wintershall Dea Norge AS to bring enhanced helicopter operational safety to the North Sea. Bell’s involvement with Wintershall has helped develop a new standard of innovation in the oil and gas industry and North Sea operations.

“Wintershall Dea fully supports the opening of the new Bell 525 Experience Center,” said Alv Solheim, managing director, Wintershall Dea. “We are always looking into ways to advance the way that we operate. This collaboration gives us opportunity to significantly improve how our employees travel to work offshore.”

The Bell 525 is designed to be the best-in-class aircraft expected to support operations in Norway and revolutionize the oil and gas transport industry. It is anticipated to be the first commercial fly-by-wire (FBW) helicopter to be certified. This design architecture reduces pilot workload, increases pilot situational awareness and improves the aircraft’s handling qualities. The Bell 525 also is expected to support both Wintershall Dea’s and Textron’s sustainability objectives by consuming 30 percent less fuel per hour of operation than the heavy class helicopters that fly offshore today on the Norwegian Continental Shelf.

For more information, visit the Bell website.


Press Contact:

Grace Dieb
+1 817‐280‐5384
mediarelations@bellflight.com

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ABOUT BELL

Thinking above and beyond is what we do. For more than 85 years, we’ve been reimagining the experience of flight – and where it can take us. We are pioneers. We were the first to break the sound barrier and to certify a commercial helicopter. We were a part of NASA’s first lunar mission and brought advanced tiltrotor systems to market. Today, we’re defining the future of advanced air mobility. Headquartered in Fort Worth, Texas – as a wholly-owned subsidiary of Textron Inc., – we have strategic locations around the globe. And with nearly one quarter of our workforce having served, helping our military achieve their missions is a passion of ours. Above all, our breakthrough innovations deliver exceptional experiences to our customers. Efficiently. Reliably. And always, with safety at the forefront.

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, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, Textron Systems, and TRU Simulation + Training. For more information, visit: www.textron.com.

Certain statements in this press release may project revenues or describe strategies, goals, outlook or other non-historical matters; these forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update them. 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 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 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.

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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