Bell Helicopter signs Memorandum of Understanding with IAR - Ghimbav Brasov
Romanian aerospace manufacturer will engage with American manufacturer to discuss potential collaboration on AH-1Z Viper attack helicopter
FORT WORTH, Texas (November 14, 2016) – Bell Helicopter, a Textron Inc. (NYSE: TXT) company, is pleased to announce the signing of a Memorandum of Understanding with IAR - Ghimbav Brasov Group, a leading company in the Romanian defense and aerospace industry.
“Bell Helicopter is a strong global partner and we are pleased to have this opportunity,” said Ion Dumitrescu, general director of IAR - Ghimbav Brasov. “We look forward to exploring different avenues of cooperation on one of the most capable platforms in the world.”
IAR - Ghimbav Brasov specializes in aeronautical structures and electrical work, with a special emphasis on MRO capabilities for helicopters. The company has been in operation for more than eight decades and is well positioned to provide support for the AH-1Z “Viper” attack helicopter should it be purchased by the Romanian government.
“We are excited about potential collaboration with a company as well regarded as IAR - Ghimbav Brasov. Their talented engineers and specialists make them a leader in the Romanian defense industry,” said Lisa Atherton, Bell Helicopter executive vice president of Military Business. “The potential for the AH-1Z Viper in Romania is exciting, and the AH-1Z should be a very strong candidate in addressing the Romanian government’s need for an advanced, reliable platform for security and defense.”
NATO guidelines published in 2015 encourage member nations to dedicate 2% of their gross domestic product (GDP) for defense spending. The goal is to modernize equipment and enhance capabilities in order to more effectively contribute to national and regional defense. Many governments in Eastern Europe are increasing defense spending to better support the goal of defensive strength and deterrence in response to increasing regional threats. The government of Romania continues to commit funding and resources to help meet the NATO threshold, and expect to exceed their current 1.7% defense spending level in the coming years.
The AH-1Z Viper is the most advanced anti-tank attack helicopter in production. It is designed in partnership with the United States Marine Corps and carries the widest range of precision weapons and most advanced sensors available. The Viper has a combat radius greater than 240km when carrying 16 Hellfire missiles, 2 AIM-9’s, and 650 20mm rounds. The Viper offers more capability than other available attack platforms with lower acquisition, maintenance and life-cycle costs.
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, Bad Boy Off Road 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.
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.
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.
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