FIRST BELL BOEING V-22 OSPREY DELIVERED TO JAPAN

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Camp Kisarazu, JAPAN (July 14, 2020) – The United States government has delivered the first Bell Boeing V-22 Osprey to Camp Kisarazu on July 10. The Osprey is built by Bell Textron Inc., a Textron Inc. (NYSE: TXT) company, and Boeing [NYSE: BA]. The Japan Ground Self Defense Force (JGSDF) is the first operator of the V-22 outside of the U.S. military.

“Congratulations to Japan on becoming the first international operator of the Osprey,” said Kurt Fuller, Bell Boeing Program Director. “The delivery of the Japanese V-22 represents a milestone for revolutionary aircraft capabilities for the Government of Japan and is a testament to our enduring friendship. The Osprey will provide Japan a tremendous advantage, unlike ever before, to respond to a broad range of challenges throughout the Asia Pacific region.”

The V-22 can conduct multiple missions not possible with traditional rotorcraft or fixed-wing aircraft alone, improving mission efficiency and reducing logistic costs. The marinized design resists corrosion and reduces the cost of long-term sustainability. The Japanese V-22 has a unique configuration with a Japanese-specific communication system. Japan Ground Self Defense Force (JGSDF) service members have been training with U.S. Marines since May to gain aircraft proficiency before delivery of the aircraft.

“This is an exciting moment in our partnership with the JGSDF; we have had the pleasure of working with them state-side to produce, develop, train and maintain their initial fleet of aircraft,” said Marine Corps Col. Matthew Kelly, program manager for the V-22 Joint Program Office (PMA-275). “This arrival marks a key step in standing up its V-22 fleet, and more importantly, the continued collaboration between our nations. ”

The United States Department of Defense currently operates three versions of the V-22. The U.S. Marine Corps MV-22, The U.S. Air Force CV-22, and the U.S. Navy CMV-22. These aircraft support the United States military with multi-mission capabilities, including the transportation of personnel, supplies, and equipment, combat assault and support, long-range personnel recovery, and combat search and rescue. With more than 500,000 flight hours, the V-22 is one of the most in-demand platforms providing safe, survivable, combat-proven mission success possible with the range, speed and versatility of the Osprey.

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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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