Bell Boeing V-22 Osprey Fleet Surpasses 500,000 Flight Hours

Osprey continues to provide unique tiltrotor capabilities to support worldwide military missions

FORT WORTH, Texas (Oct. 7, 2019) – The V-22 fleet of tiltrotor aircraft built by Bell Textron Inc., a Textron Inc. (NYSE: TXT) company, and Boeing [NYSE: BA] has topped the 500,000 flight hour milestone. More than 375 Ospreys logged the hours, including the U.S. Air Force CV-22 and the U.S. Marine Corps MV-22.

“The V-22 provides unmatched capability for the U.S. Marines and U.S. Air Force Special Operations Command,” said U.S. Marine Corps Col. Matthew Kelly, V-22 Joint Program Manager. “The platform’s influence on our nation’s defense is seen through its extensive operational and humanitarian impact across the globe.”

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The V-22 Osprey is the world’s only production tiltrotor aircraft, enabling servicemen and women to conduct diverse missions throughout the most difficult operating environments. Most recently, the aircraft deployed to assist relief efforts in the Bahamas following Hurricane Dorian.

“Since delivery of the first V-22 aircraft, Bell Boeing has ensured that our men and women in uniform have this indispensable asset available to protect heroes and save lives,” said Kristin Houston, vice president, Boeing Tiltrotor Programs and director, Bell Boeing V-22 Program.

Bell Boeing supports V-22 readiness through a comprehensive sustainment effort that includes maintenance, training, on-site field representatives and data analytics. Bell Boeing is also working with the V-22 program office on several efforts to improve V-22 readiness. The Marines’ Common Configuration Readiness and Modernization program (CC-RAM), the Air Force’s configuration reducing modification plan, and nacelle wiring and structure improvements are expected to increase readiness of the V-22 fleet.

“V-22 is one of the highest demand platforms in the Department of Defense. This achievement is a great testament to the Marines and Air Commandos operating this platform in all environments,” said Chris Gehler, Bell V-22 Vice President and Bell Boeing deputy program director. “We are committed to providing unparalleled support to our partners by steadily improving Osprey readiness and capabilities now and in the future.”

Since 2007, the V-22 has continuously served the Marines and Navy, as well as Air Force Special Operations. A third variant, the CMV-22, is scheduled to join the U.S. Navy fleet in 2020.

About Bell

Thinking above and beyond is what we do. For more than 85 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 advanced air 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

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, including, but not limited to, changes in aircraft delivery schedules or cancellations or deferrals of orders; our ability to keep pace with our competitors in the introduction of new products and upgrades with features and technologies desired by our customers; changes in government regulations or policies on the export and import of our products; volatility in the global economy or changes in worldwide political conditions that adversely impact demand for our products; volatility in interest rates or foreign exchange rates; and risks related to our international business, including establishing and maintaining facilities in locations around the world and relying on joint venture partners, subcontractors, suppliers, representatives, consultants and other business partners in connection with international business, including in emerging market countries.

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