Bell Boeing CMV-22B Osprey Successfully Completes First Flight

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AMARILLO, Texas (Jan. 21, 2020) – The first CMV-22B Osprey, built by Bell Textron Inc., a Textron Inc. (NYSE: TXT) company, and Boeing (NYSE: BA), completed first flight operations at Bell’s Amarillo Assembly Center. The CMV-22B is the latest variant of the tiltrotor fleet, joining the MV-22 and CV-22 used by the U.S. Marine Corps and U.S. Air Force.

The U.S. Navy will use the CMV-22B to replace the C-2A Greyhound for transporting personnel, mail, supplies and high-priority cargo from shore bases to aircraft carriers at sea. Bell Boeing designed the Navy variant specifically for carrier fleet operations by providing increased fuel capacity for the extended range requirement. The mission flexibility of the Osprey will increase operational capabilities and readiness, in addition to ferrying major components of the F-35 engine.

“The first flight of the Navy’s CMV-22B marks a significant milestone for the V-22 program and for Naval Aviation,” said Chris Gehler, Bell V-22 Vice President and Bell Boeing deputy program director. “The Osprey has always been a revolutionary aircraft, and we look forward to continuing to support the evolving needs of the Navy with advanced tiltrotor capabilities.”

Bell Boeing will deliver the first CMV-22B to Air Test and Evaluation Squadron (HX) 21 in early 2020 for developmental test.

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 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.