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MarketScreener Homepage  >  Equities  >  Nyse  >  Textron Inc.    TXT

TEXTRON INC.

(TXT)
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Textron : United States Marines Retire Bell AH-1W After 34 Years of Service

10/19/2020 | 03:50pm EST

USMC Super Cobra Fleet Successfully Delivers More Than 900,000 Flight Hours

FORT WORTH, Texas (Oct. 19, 2020) - The United States Marine Corps, USMC, have officially retired the Bell AH-1W 'Super Cobra' from their ranks after more than 30 years of dependable service. The iconic dual-blade aircraft served as the dedicated attack helicopter for the Marines through multiple campaigns, including Operation Desert Storm, Iraqi Freedom, and Enduring Freedom.

'The AH-1W Super Cobra has served admirably and leaves a remarkable legacy of on-time, on-target attack helicopter support for our Marines,' said Col. David Walsh, the program manager for Light/Attack Helicopter Programs (PMA-276). 'Although the AH-1W chapter is closing, the AH-1Z Viper stands ready with even greater capability to support our Marines for years to come.'

Originally designated as the AH-1T+, the Super Cobra first flew on November 16, 1983 at Bell's Flight Research Center in Arlington, Texas. Bell delivered the first AH-1Ws to the Marines on March 27, 1986 and delivered the final aircraft in 1999, for a domestic fleet of 179 attack helicopters. Through August 2020, the USMC flew the Super Cobra for 933,614 hours.

'We are tremendously proud of the capabilities the AH-1W has brought to the United States Marines for the past 34 years,' said Michael Deslatte, H-1 Bell Program Manager. 'The Super Cobra's tremendous legacy is a testament to the excellence and dedication the men and women at Bell put into these platforms for generations and we look forward to continuing that legacy for years to come.'

AH-1Ws remanufactured into AH-1Z Vipers will continue to serve in the United States Marines. The four-bladed Viper replaces the Super Cobra as the successor to the modern attack helicopter platform and provides fully-integrated air-to-air and anti-armor capabilities designed to successfully accomplish the broadest array of contemporary missions.

###

Press Contact:

Jay Hernandez

Bell

Sr. Military Communication Strategist

jhernandez09@bellflight.com

+1 817-280-1949

Online Media Kit

Follow us @Bellflight

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, including but not limited to, changing priorities or reductions in the U.S. Government defense budget, including those related to military operations in foreign countries; our ability to perform as anticipated and to control costs under contracts with the U.S. Government; the U.S. Government's ability to unilaterally modify or terminate its contracts with us for the U.S. Government's convenience or for our failure to perform, to change applicable procurement and accounting policies, or, under certain circumstances, to withhold payment or suspend or debar us as a contractor eligible to receive future contract awards; changes in foreign military funding priorities or budget constraints and determinations, or changes in government regulations or policies on the export and import of military and commercial products; and performance issues with key suppliers, subcontractors or business partners.

Disclaimer

Textron Inc. published this content on 19 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2020 19:49:00 UTC


© Publicnow 2020
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Sales 2020 11 401 M - -
Net income 2020 289 M - -
Net Debt 2020 1 439 M - -
P/E ratio 2020 38,7x
Yield 2020 0,16%
Capitalization 11 098 M 11 098 M -
EV / Sales 2020 1,10x
EV / Sales 2021 0,97x
Nbr of Employees 32 200
Free-Float 99,4%
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Paul Ernest Gagné Lead Independent Director
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