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TEXTRON INC.

(TXT)
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Real-time Estimate Cboe BZX  -  02:35 2022-09-29 pm EDT
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Textron : Bell Announces 400th Bell 505 Delivery

08/04/2022 | 03:08pm EDT

Mirabel, Canada (4 Aug. 2022) - Bell Textron Inc., a Textron Inc. (NYSE:TXT) company, announced today the 400th Bell 505 delivery to European customer Al Barratt, co-founder of Grenade and owner of Cotswold Aviation, both based in the United Kingdom.

Joined by the Bell leadership team, Mr. Barratt received the customized Bell 505 at a delivery ceremony at Bell's Mirabel, Canada facility."The Bell 505 is an incredible aircraft, and we are proud to celebrate the 400th delivery to Mr. Barratt," said LaShan Bonaparte, vice president, Commercial Sales, Bell. "The Bell 505 provides outstanding performance capabilities, modern avionics and a versatile cabin for our customers. This will be a great addition to Cotswold Aviation's fleet."

The first Bell 505 was delivered in 2017, and today, there are 400 aircraft operating on six different continents. The Bell 505 is one of company's fastest growing products for corporate and VIP markets. As the demand for this aircraft increases, Bell has continued to introduce technologies for the Bell 505 including an enhanced avionic suite and auto-pilot capabilities.

"Flying in the 505 is a unique experience and a perfect solution for business travel around the UK and other parts of Europe," said Mr. Barratt. "This aircraft enables me to save time throughout my day by avoiding traffic and gets me quickly and safely to my destination. I'm already operating two single engine fixed wing aircraft, and I've been looking for the 'rotary equivalent' of those machines. This stunning 505 fits my mission perfectly, blending performance and technology while reducing pilot workload."

The Bell 505 is the newest five-seat aircraft designed for safety and efficiency while using the most advanced technology to date. A fully integrated Garmin G1000H NXi avionics suite and Safran Arrius 2R engine with a dual-channel FADEC provides maximized situational awareness and workload reduction to fly successfully in a multitude of scenarios. With the added benefit of a large cabin and panoramic window views, the Bell 505 is ideal for corporate passengers and private owner adventures.

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 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 aboard 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, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, and Textron Systems. 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.

Disclaimer

Textron Inc. published this content on 04 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2022 19:07:03 UTC.


© Publicnow 2022
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Sales 2022 13 118 M - -
Net income 2022 858 M - -
Net Debt 2022 1 536 M - -
P/E ratio 2022 15,3x
Yield 2022 0,14%
Capitalization 12 802 M 12 802 M -
EV / Sales 2022 1,09x
EV / Sales 2023 1,00x
Nbr of Employees 33 000
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Scott C. Donnelly Chief Operating Officer & Executive Vice President
Frank T. Connor Chief Financial Officer & Executive Vice President
Kimberly A. Mackenroth Chief Information Officer & Vice President
E. Robert Lupone Secretary, Chief Compliance Officer & Executive VP
Kathleen M. Bader Independent Director
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