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MarketScreener Homepage  >  Equities  >  Nyse  >  Textron Inc.    TXT

TEXTRON INC.

(TXT)
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Textron : Rheinland Air Service Appointed as the First German Dealer for the Bell 505

11/25/2020 | 11:53am EST

Introducing Europe's first authorized 505 dealership in Germany.

Fort Worth, TX (Nov. 25, 2020) Bell Textron Inc., a Textron Inc. (NYSE: TXT) company, appointed Rheinland Air Service GmbH (RAS) the first German dealer for the Bell 505. Approaching 50 years of business aviation experience, RAS is a proven provider of expert aviation sales and service.

'With the Bell 505 dealership, we can use our customer collaboration to attract new owners and establish a stronger presence in the region.'

'This partnership is important for Bell's work in Germany. We want to provide customers with a complete 505 solution through a local company in their national language,' said Patrick Moulay, Senior Vice President International Business. 'With its team's experience in aviation and excellent reputation, we believe RAS is the best launch partner for the first 505 dealership.'

Located in Mönchengladbach, RAS will be home to the first ever Bell 505 dealership. It was established in 1972 and employs 280 staff in four locations in Germany.

'We are proud to be part of the Bell family and represent the German market with this high performing aircraft. The Bell 505 is an incredible helicopter, and we see a huge potential for our German customers,' said Johannes Graf von Schaesberg, CEO, RAS. 'The cooperation between Bell and RAS is our long-term vision to expand the German market for the Bell brand.'

The Bell 505 is ideal for private charters, corporate executives, medical evacuations, utilities, public safety, pilot training, and more. The light single-engine helicopter offers a rare combination of rugged high performance, superior fuel efficiency, and a low cost of acquisition and operation. With the only dual-channel FADEC engine in its class, the helicopter has plenty of power at high altitudes. Additionally, the high-tech G1000H all glass flight deck and panoramic windows provide great visibility, full situational awareness, and safety.

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.

About Rheinland Air Service
Rheinland Air Service GmbH (RAS) offers Commercial and Business Aviation MRO and Aircraft Sales. Headquartered in Moenchengladbach, the company was established in 1972 and employs 280 staff at four locations in Germany (Moenchengladbach, Munich Executive, Düsseldorf Regional, and Frankfurt Hahn). In addition to EU and US certified aircraft maintenance, RAS offers aircraft modifications (Special Mission), plus airline fueling and ground handling services at Munich Executive Airport (EDMO). Rheinland Air Service is the European distributor for Honda Aircraft, Daher TBM and Daher Kodiak Aircraft and Bell 505 in Germany.

Press Contact:
Daisy Einsiedel
Marketing & PR
Mobile: +49 160 484 7766
E-Mail: d.einsiedel@ras.de

Disclaimer

Textron Inc. published this content on 25 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 November 2020 16:52:03 UTC


© Publicnow 2020
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Sales 2020 11 415 M - -
Net income 2020 287 M - -
Net Debt 2020 1 390 M - -
P/E ratio 2020 39,8x
Yield 2020 0,16%
Capitalization 11 350 M 11 350 M -
EV / Sales 2020 1,12x
EV / Sales 2021 0,99x
Nbr of Employees 32 200
Free-Float 99,4%
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Frank T. Connor Chief Financial Officer & Executive Vice President
Kimberly A. Mackenroth Chief Information Officer & Vice President
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Paul Ernest Gagné Lead Independent Director
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