Textron : Montenegro Air Force Signs Purchase Agreement for Two Bell 505s

Montenegro's Air Force to add two Bell 505s to train new military and Air Force pilots in the region.

Fort Worth, TX (June 4, 2020) Bell Textron Inc., a Textron Inc. (NYSE: TXT) company, announced today that the Montenegro Air Force has signed a purchase agreement for two Bell 505 Jet Ranger X's. These new aircraft will be used to train the Montenegrin military pilots. The agreement also provides that Bell will provide training for three pilots in France and eight technicians at its Bell Training Academy in Fort Worth, TX. The helicopters will be delivered out of our Bell-owned service center in Prague.

'We are proud to provide the Montenegro Air Force with exceptional products and services. The Bell 505 is a phenomenal aircraft to train new military pilots,' said Duncan Van De Velde, managing director, Europe and Russia. 'We thank Montenegro's Air Force for continuing to grow its fleet with Bell aircraft. The Bell 505 will be a great addition to its program.'

The Bell 505 continues to have major success within Europe and other parts of the world. The aircraft includes a high-tech flight deck and adaptable cabin design making it extremely cost-competitive, and capable for any challenge. With the latest integrated Garmin avionics suite and dual channel FADEC, the aircraft provides increased situational awareness and safety allowing pilots to focus on training.

'We are proud to have the newest Bell 505 military trainer that is equipped with the latest technology in the Balkans Region,' said Colonel Nenad PAVLOVIC, Montenegro Air Force. 'These aircraft will enable our pilots to better perform their public safety and other missions and to help protect our citizens.'

With a speed of 125 knots (232 km/h) and useful load of 1,500 pounds (680 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 Bell 505s will be manufactured by Bell Textron Canada at their facility in Mirabel, Quebec. The sale was facilitated by the Canadian Commercial Corporation through a government-to-government contract. CCC supports the growth of international trade by helping Canadian exporters gain access to foreign government procurement opportunities.

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For more information, visit the Bell website.

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Thinking above and beyond is what we do. For more than 80 years, we've been reimagining the experience of flight - and where it can take us.

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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 changes in aircraft delivery schedules or cancellations or deferrals of orders.

ABOUT CCC

The Canadian Commercial Corporation (CCC) supports the growth of international trade by helping Canadian exporters gain access to foreign government procurement opportunities. Through a government-to-government contracting approach, CCC positions qualified Canadian exporters to win international contracts with governments abroad, while significantly reducing the risks associated with foreign procurement.

Through commercial advocacy, collaborative project development and foreign contracting expertise CCC helps Canadian exporters and foreign government buyers reduce procurement risk in key markets, including, information & communication technologies, cleantech, construction & infrastructure, aerospace, and defence & public safety.