Bell Announces Tennessee Valley Authority Will Add Four Bell Aircraft to Existing Fleet

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Anaheim, Calif. (28 January 2020) – Bell Textron Inc., a Textron Inc. (NYSE:TXT) company, announced today the Tennessee Valley Authority (TVA) will add four Bell aircraft including two Bell 429 and the first two IFR configured Bell 407GXi aircraft to their fleet, bringing their total to six Bell aircraft.

TVA is a corporate agency of the United States that provides electricity for business customers and local power companies serving 10 million people in parts of seven southeastern states. TVA provides flood control, navigation and land management for the Tennessee River system and assists local power companies and state and local governments with economic development and job creation.

 

“We have been proud providers to Tennessee Valley Authority for more than 20 years now and we’re honored that they continue to choose aircraft to support their mission,” said Doug Schoen, managing director, North America. “Adding the Bell 407GXi will allow TVA to cost-effectively operate a single-engine IFR aircraft to support their region.”

TVA’s Aviation Unit has been operating aircraft since 1930’s and currently flies two Bell 407s, a Bell 429 and a Bell 206L4, as well as two Cessna Citation XLS+ jets manufactured by sister company, Textron Aviation.

Bell announced the Federal Aviation Administration (FAA) has issued an Instrument Flight Rules (IFR) Supplemental Type Certificate (STC) for the Bell 407GXi in August 2019. The Bell 407GXi offers the lowest direct operating costs of any IFR-capable helicopter produced today. 

“Helicopter’s are an investment that help us to improve safety and overall operational efficiency with minimal impact to the environment,” said David Hill, TVA general manager Aviation Services. “As the nation’s largest public power provider, with over 16,000 miles of transmission lines, helicopters help us to deliver low-cost, cleaner energy with 99.999 percent reliability to nearly 10 million people in the Tennessee Valley.”   

 

For more information, visit the Bell 429 and Bell 407GXi web pages.

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

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 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.