BELL AND ROLLS-ROYCE COLLABORATE ON ADVANCED PROPULSION SYSTEMS

Fort Worth, Texas (March 21, 2019) – Bell Helicopter, a Textron Inc. (NYSE: TXT) company, announced a teaming agreement with Rolls-Royce for the development of an optimized propulsion system and continued risk reduction efforts aimed at the V-280 Valor and V-247 advanced vertical lift platforms. The collaboration will focus on the integration of Rolls-Royce’s proven low-risk and advanced propulsion systems into future Bell aircraft.

“The goal of this collaboration is to further enhance the performance and affordability of our aircraft. Future Vertical Lift programs bring revolutionary solutions for warfighters; Bell and Rolls-Royce are focused on delivering those capabilities.” said Keith Flail, vice president of Advanced Vertical Lift Systems at Bell

This agreement extends Bell’s support for the U.S. military’s aviation modernization and acquisition priorities. Building industry relationships delivers options to rapidly mature technology and provide capability to the warfighter. The result will be more options to create aircraft with revolutionary capabilities for vertical lift programs. 

“Bell is at the forefront of creating highly capable and sustainable aircraft that vastly outperform legacy platforms, and Rolls-Royce is a world leader in advanced engines and propulsion systems. We are excited to enhance our long-standing relationship with Bell and help deliver on customer requirements through innovative solutions and proven technologies." said Jason Propes, senior vice-president, Defense Customer Relations at Rolls-Royce.

As part of this teaming agreement, Bell will lead the design, development and production of advanced vertical lift systems, and Rolls-Royce will provide its technical expertise in propulsion systems to provide potential customers with tested, high-performance solutions. This collaboration extends a successful relationship between Bell and Rolls-Royce that has existed for more than 50 years.

To see updates on the V-280 Valor, V-247 Vigilant and learn more about Bell’s innovative capabilities, please visit https://www.bellflight.com/, and follow us on YouTube, LinkedIn, Twitter, Facebook and Instagram.

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ABOUT ROLLS-ROYCE

Rolls-Royce employs 6,000 people in 27 states across the U.S., literally coast-to-coast, from southern California to Walpole, Massachusetts. Indianapolis is the largest Rolls-Royce engineering, design and manufacturing site in the U.S. The company produces engines and propulsion systems for multiple U.S. military aircraft at Indianapolis, including the C-130J transport, V-22 Osprey Global Hawk unmanned aerial vehicle, and the LiftSystem for the F-35B Lightning II.  Rolls-Royce engines manufactured in Indianapolis and elsewhere power a wide array of aircraft and ships for all services of the U.S. military -- the Air Force, Marine Corps, Navy, Army, and Coast Guard. In addition, Rolls-Royce supports more than 52,000 jobs across the U.S., adding nearly $9 billion to the nation’s economy each year. Rolls-Royce has invested nearly $1 billion in Research and Development in the US since 2013, and is nearing completion of a $600 million investment to modernize its Indianapolis facilities and for new technology development.

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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