On December 7, Bell announced its acquisition of Response Technologies LLC, an innovative composite solutions company. This acquisition adds to Bell’s extensive technology portfolio in the aerospace and manufacturing industry.
“This acquisition aligns with our strategy to pursue innovative technology and will enable us to accelerate needed developments in our industry,” said Mitch Snyder, president and CEO of Bell. “We believe Response Technologies has the right solution for modernizing fuel cell systems and textile composites. We are proud to have them join the Bell family.”
Established in Rhode Island at the historic former Arkwright building, Response Technologies is a startup founded in 2015 that is focused on flexible, 3D, textile-reinforced composite solutions. The company has two business areas of development: fuel cells and components and textile composites. With a focus on advanced manufacturing, Response Technologies’ mission aligns closely with Bell’s Rapid Prototyping and Manufacturing Innovation team.
“We are excited to join the Bell team, and the larger Textron enterprise, for the benefits it will bring to our customers,” said David Pettey, co-founder, Response Technologies. “Bringing disruptive ideas to the world’s largest industries has always been our vision and our team looks forward to continuing our propelled and vertical progress.”
With an 85-year history of leading innovation in aviation, from the first American jet fighter to the first tiltrotor, Bell is committed to building revolutionary and coveted vertical lift products. Today, Bell carries that legacy forward by solving complex mobility issues and supporting consumers, warfighters and industries with exceptional technology and experiences.
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.
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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