Bell and Safran Announce Shared Vision for On-Demand Mobility

Cologne, Germany (June 19, 2018) – Bell Helicopter, a Textron Inc. (NYSE: TXT) company, announced today at the Future of Transportation World Conference a newly formed collaboration with Safran (Euronext Paris: SAF) on the development of innovative hybrid electric power system solutions to support Bell’s vertical take-off and landing (VTOL) aircraft concept.

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“Bell is at the forefront of on-demand mobility – ushering a new era of flight where the benefits of aviation are accessible to more people in more places,” said Scott Drennan, Bell’s director of Innovation, while speaking at the Transportation Conference. “This announcement is another proof point of our commitment to providing transportation of people and logistics in new, innovative and more efficient ways; our work with Safran is a historical milestone for future transport solutions.” 

 

For several years, Safran innovation teams have been actively exploring the potential of hybrid solutions for future propulsion systems. Bell and Safran’s shared vision for electric and hybrid electric aircraft is to strive for the successful deployment of Bell Air Taxis and new on-demand mobility systems in the future.

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(Photo L-R): Thierry Sieg, Sales & Maketing VP, Safran Electrical & Power, Thierry Grison, Retrofit & Hybridization Strategy VP, Safran Helicopter Engines, Scott Drennan, Director, Bell, Philippe Lagarde, R&T Program Deputy VP, Safran Helicopter Engines, Pascal Dauriac, R&T Program VP, Safran Helicopter Engines, Carey Cannon, Chief Engineer, Innovation, Bell.

“Thanks to the long and sustained technology-development strategy conducted within the Safran group, we can now offer Bell our hybrid electric power solutions for their next generation products that result in improved performance giving more value to our customers,” said Stéphane Cueille, Safran senior executive vice president, R&T and Innovation.

 

In this collaboration, Bell will lead the design, development and production of VTOL systems, and Safran will bring its technical expertise to bear in the development of a disruptive propulsion system.

 

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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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