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MarketScreener Homepage  >  Equities  >  Nyse  >  Textron Inc.    TXT

TEXTRON INC.

(TXT)
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Textron : Bell Adds Its First European Authorized Maintenance Center to its Support Network

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09/14/2020 | 02:10pm EDT

New Polish AMC provides maintenance for Bell 505 and Bell 407 aircraft

Fort Worth, TX (Sept. 14, 2020) Bell Textron Inc., a Textron Inc. (NYSE: TXT) company, announced today its first ever Authorized Maintenance Center (AMC) in Europe. The new AMC will provide maintenance for the Bell 505 and Bell 407 and is located near downtown Warsaw in Konstancin-Jeziorna, Poland.

'We are excited to announce Bell's first AMC in Europe,' said Duncan Van De Velde. 'It's important to ensure local support to our customers, and with this new Polish AMC, it provides Bell operators a sense of security that they can have maintenance or work performed on their aircraft that has been vetted and approved by Bell. We are glad Aero Club will be providing local maintenance and support to customers. This added support is in addition to the services Bell's Prague Service Center offers for heavier maintenance needs.'

Aero Club is one of the largest general aviation maintenance stations in Poland. It started its operations in 2001 and was granted maintenance organization Part-145 in 2004. Aero Club offers professional level of services and has long-standing experience in servicing various types of aircraft. The Aero Club is a sister company with the same ownership as JB Investments Sp. z o.o., a Bell Independent Representative (IR) in Poland since 2007.

'We are proud to provide maintenance services for Bell,' said Jan Borowski, President of Aero Club and JB Investments companies. 'It's exciting to be a part of Bell's AMC network and to continue its excellency of providing unmatched support and service to its Polish customers. We are confident that combining our sales efforts with professional technical support will result in growing the Bell fleet in Poland.'

Bell established the AMC network to reinforce its commitment to enhancing local support to customers, so they can quickly and efficiently continue their operations. Bell supports customers in more than 50 countries in Europe, Russia, the Middle East, and Africa.

For more information, visit the Bell website.

Press Contact:

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

###

ABOUT BELL

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.

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 on-demand 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.


Disclaimer

Textron Inc. published this content on 14 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 September 2020 18:09:02 UTC


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Financials (USD)
Sales 2020 11 524 M - -
Net income 2020 228 M - -
Net Debt 2020 1 851 M - -
P/E ratio 2020 36,0x
Yield 2020 0,22%
Capitalization 8 271 M 8 271 M -
EV / Sales 2020 0,88x
EV / Sales 2021 0,78x
Nbr of Employees 35 000
Free-Float 99,4%
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Average target price 39,58 $
Last Close Price 36,27 $
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NameTitle
Scott C. Donnelly Chairman, President & Chief Executive Officer
Frank T. Connor Chief Financial Officer & Executive Vice President
Kimberly A. Mackenroth Chief Information Officer & Vice President
Kathleen M. Bader Lead Independent Director
Paul Ernest Gagné Lead Independent Director
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