RAY SERVICE EARNS “CLASS ONE” SUPPLIER CERTIFICATE

PRAGUE (Dec. 10 2020) – Bell Textron Inc., a Textron Inc. (NYSE: TXT) company, announced today that Ray Service a.s. achieved “Class One” Supplier Certification as part of the H-1 industrial participation program. It is the first Czech company to achieve this certification.

Bell and Ray Service signed a Memorandum of Understanding at NATO Days 2019 regarding industrial participation as part of UH-1Y and AH-1Z helicopter procurement by the government of the Czech Republic.

Ray Service achieved the “Class One” supplier certification following stringent inspections by Bell and rigorous audits of its production processes. The company’s leadership, employees, facilities and overall commitment to quality were evaluated as part of the certification process.

A team traveled from Bell’s headquarters in Texas, United States to Ray Service headquarters in Staré Město, Czech Republic to deliver the certificate.

“The industrial capabilities of the Czech Republic and its people never stop impressing us,” says David Meek, supplier manager – Vehicle Management Systems at Bell. “Ray Service is helping us to fulfill the requirements of the Czech H-1 program. This certification is part of an ongoing process to build lasting relationships with Czech industry and to support the country’s H-1 capabilities for decades to come. The certificate is also a major endorsement of Ray Service’s production processes as it becomes integrated into our global supply chain. 

In 2019, the Czech Republic selected the Bell UH-1Y ‘Venom’ and AH-1Z ‘Viper’ combat-proven helicopters for the country’s military modernization program. Delivery of the eight UH-1Y and four AH-1Z helicopters to the Czech Republic is scheduled to be complete by 2023. The modernization program will include pilot and personnel training as well as maintenance support, while fulfilling the requirement that Czech industry must be involved in through-life support for the aircraft.

“We are delighted to have received “Class One” certification from Bell,” says Jakub Gabriel, managing director of Ray Service. “Such recognition from one of the world’s most innovative aircraft manufacturers is a major boost for us and confirms the extremely high standards of our production processes. We can’t wait to work together with Bell throughout the initial delivery stage of the program and into the future.”

“Class One” certification is also a major step in Ray Service’s integration into Bell’s global supply chain.

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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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