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TEXTRON INC.

(TXT)
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Delayed Nyse  -  04:04 2022-12-02 pm EST
71.30 USD   +0.62%
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Textron : Bell Announces a Signed Purchase Agreement for First SUBARU Bell 412EPXs Sold in Europe

09/29/2022 | 03:04pm EST

Two SUBARU Bell 412EPX Aircraft Ordered for the Ministry of Interior of Croatia

Fort Worth, TX (Sept. 29, 2022) - Bell Textron Inc., a Textron Inc. (NYSE: TXT) company, announced today a signed purchase agreement for two SUBARU Bell 412EPX helicopters to the Republic of Croatia's Ministry of Interior. This marks a significant milestone in the region as the first purchase agreement for SUBARU Bell 412 EPXs in Europe. The expected delivery date of the aircraft is October 2023.

"The SUBARU Bell 412EPX adds increased payload capabilities to the world-renowned Bell 412 platform, and this agreement continues to expand its reputation," said Duncan Van De Velde, Bell's managing director, Europe. "We are thrilled to bring the most modern version of the Bell 412 platform to a European customer and showcase its capabilities."

The Republic of Croatia's Ministry of the Interior deals with the tasks related to criminal, border and special police activities and other activities related to civil protection, firefighting, fire protection, production and trade in explosive substances and weapons, private protection, detective affairs, and mine action.

"The Ministry of Interior is honored to be the first European customer to sign a purchase agreement for the SUBARU Bell 412EPX," said Ph.D. Davor Božinović, Minister of Interior, Croatia. "We look forward to utilizing its unique capabilities and durability to protect and defend the citizens of Croatia."

Certified in 2018, the SUBARU BELL 412EPX has a maximum internal weight of 12,200 lbs, external weight of 13,000 lbs and up to 5,000 lbs of goods with a cargo hook. The aircraft enables large cargo and personnel transportation with its ability to carry up to 5,385 lbs. The Bell 412EPX benefits from a robust main rotor gearbox dry run capability, and increased mast torque output at speeds below 60 knots; providing operators the ability to transport more supplies and perform operations more efficiently.

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 - 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

Textron . 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, including, but not limited to, changes in delivery schedules or cancellations or deferrals of orders.

Disclaimer

Textron Inc. published this content on 29 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 September 2022 19:03:05 UTC.


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Sales 2022 12 879 M - -
Net income 2022 863 M - -
Net Debt 2022 1 535 M - -
P/E ratio 2022 17,8x
Yield 2022 0,12%
Capitalization 14 885 M 14 885 M -
EV / Sales 2022 1,27x
EV / Sales 2023 1,18x
Nbr of Employees 33 000
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Frank T. Connor Chief Financial Officer & Executive Vice President
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E. Robert Lupone Secretary, Chief Compliance Officer & Executive VP
Kathleen M. Bader Independent Director
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