Bell Helicopter Announces the Delivery of Three Bell 505 Jet Ranger Xs to Canadian Customers

Mirabel, QC, Canada (June 15, 2017) – Bell Helicopter, a Textron Inc. (NYSE: TXT) company, announced the delivery of three Bell 505 Jet Ranger X in Canada.

The three Canadian customers accepted delivery of their aircraft last week at Bell Helicopter’s facility in Mirabel. The aircraft are configured for corporate and utility missions to support the business operations of the customers.

Bell 505 Jet Ranger X program team members gathered to proudly celebrate the deliveries.

“It has been a particularly significant week for Bell Helicopter as three Bell 505s built in Canada take flight with these first Canadian customers,” said Cynthia Garneau, president, Bell Helicopter Textron Canada Ltd. “The Bell 505 symbolizes our return to the short-light-single market, a segment that Bell Helicopter defined 50 years ago. For Bell Helicopter, our employees and our customer base, there’s a lot to be excited about with this aircraft.”

The successful deliveries follow type certification from Transport Canada Civil Aviation (TCCA) in December and Federal Aviation Administration (FAA) certification in June.

“The Bell 505 Jet Ranger X is a very economical and highly versatile machine,” said Jason Moir, regional sales manager, Bell Helicopter Textron Canada Ltd. “It has found a niche among a large base of customers who want an aircraft capable of meeting their various lifestyle needs. Its adaptability makes it the ideal aircraft for private owners looking at it as a multi-purpose tool and is the perfect mix of luxury, utility and recreation.”

With a speed of 125 knots (232 km/h) and useful load of 1,500 pounds (680 kg), the Bell 505 is designed to be safe and easy to fly while providing significant value to the operator. The customer-driven design of the aircraft places safety, performance and affordability at the forefront, blending proven systems with advanced technology and a sleek, modern design.

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About Bell Helicopter

Bell Helicopter, a wholly owned subsidiary of Textron Inc., is an industry-leading producer of commercial and military, manned and unmanned vertical-lift aircraft and the pioneer of the revolutionary tiltrotor aircraft. Globally recognized for world-class customer service, innovation and superior quality, Bell's global workforce serves customers flying Bell aircraft in more than 120 countries.

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 Helicopter, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, Textron Off Road, 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 letters of intent and/or orders; the efficacy of research and development investments to develop new products or unanticipated expenses in connection with the launching of significant new products or programs; the timing of our new product launches or certifications of our new aircraft products; 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; performance issues with key suppliers or subcontractors; difficult conditions in the financial markets which may adversely impact our customers’ ability to fund or finance purchases of our products; and continued demand softness or volatility in the markets in which we do business.