Bell and U.S. Army Advance Development of V-280 Valor and Aviation Modernization

Bell is executing the second phase of a Competitive Demonstration and Risk Reduction contract to inform the imminent program of record competition for U.S. Army’s Future Long-Range Assault Aircraft (FLRAA)

Fort Worth, Texas (March 31, 2021) – Bell Textron Inc., a Textron Inc. (NYSE: TXT) company and the U.S. Army have agreed to terms on the execution of the second phase of the Competitive Demonstration and Risk Reduction (CD&RR) contract that was awarded in March 2020 for the Future Long-Range Assault Aircraft (FLRAA) program. This new contract is an important milestone and testament to the continued momentum for Army modernization. Bell’s flight-proven V-280 Valor design advances from an aircraft with transformational speed and survivability towards a low-risk weapons system ready to support joint combined arms and maneuver operations around the world.

“This is the next step to a program of record and Bell is proud to closely collaborate with the Army to transition our flight-proven V-280 Valor into a highly-capable and sustainable FLRAA weapons system,” said Keith Flail, executive vice president, Advanced Vertical Lift Systems at Bell. “Bell and our Team Valor teammates continue to optimize our platform based on research, design, and thorough flight-testing of the aircraft to deliver an outstanding capability for the Army.”

During phase one of the CD&RR, Bell provided detailed iterations on the V-280 design, data to highlight the feasibility of executing the program of record requirements, and executed trade studies using model-based systems engineering. This work will continue under phase two as the Army finalizes requirements for the program of record planned for 2022.

Bell has already safely delivered groundbreaking performance and successfully completed a rapid design, build, and test program with the V-280. Since its first flight in 2017, the V-280 team has executed a rigorous flight test program flying more than 200 hours through over 160 individual test flights that delivered critical data to validate Bell’s digital models and performance.

As the FLRAA competition moves to a program of record, Bell continues to take a holistic approach to transition the V-280 to a weapons system that ensures exceptional performance and is affordable throughout the lifecycle. From the outset, the Bell V-280 Valor was designed for efficiency—using simplified and inherently reliable designs, adhering to Army Modular Open Systems Approach (MOSA) requirements, reducing maintenance costs, and increasing reliability. Bell applied digital design and manufacturing technologies, included maintenance as part of the design process, and used emerging commercial processes to bring a comprehensive view of digital models, processing, and analysis. This methodology has reduced programmatic risk, improved lifecycle maintenance and servicing outcomes, increasing program affordability.

“This aircraft is not an engineering science project. The V-280 tiltrotor provides a critical and combat-proven capability needed to maintain our U.S. military’s ability to deter adversaries by radically improving over the current fleet’s speed, range, versatility, and sustainability. Our program has provided evidence that the V-280 is a transformational long-range assault aircraft solution for the Army and we are proud to move forward as a team to continue to mature the weapons system,” said Ryan Ehinger, vice president and program director, FLRAA at Bell.

To see updates on the V-280 Valor and learn more on the capabilities, please visit the Bell V-280 website, and follow us on YouTubeLinkedInTwitterFacebook, and Instagram.

Bell V-280 Valor Gear Up VTOL.jpg

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* Effort sponsored by the U.S. Government under Other Transaction number W9124P-19-9-0001 between AMTC and the Government and related AMTC Project Agreement 19-08-006 with Bell Textron Inc. The U.S. Government is authorized to reproduce and distribute reprints for Governmental purposes notwithstanding any copyright notation thereon. The views and conclusions contained herein are those of the authors and should not be interpreted as necessarily representing the official policies or endorsements, either expressed or implied, of the U.S. Government.

Mike Reilly

Military: Advanced Vertical Lift Systems
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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, the risk that the U.S. Army will not choose the Bell V-280 for its Future Long-Range Assault Aircraft program; the efficacy of research and development investments to develop new products or unanticipated expenses or delays in connection with the launching of significant new products or programs; our ability to keep pace with our competitors in the introduction of new products and upgrades with features and technologies desired by our customers; changing priorities or reductions in the U.S. Government defense budget, including those related to military operations in foreign countries; changes in worldwide economic or political conditions that impact demand for our products, interest rates or foreign exchange rates; our ability to perform as anticipated and to control costs under contracts with the U.S. Government; the U.S. Government’s ability to unilaterally modify or terminate its contracts with us for the U.S. Government’s convenience or for our failure to perform, to change applicable procurement and accounting policies, or, under certain circumstances, to withhold payment or suspend or debar us as a contractor eligible to receive future contract awards; changes in foreign military funding priorities or budget constraints and determinations, or changes in government regulations or policies on the export and import of military and commercial products; and performance issues with key suppliers, subcontractors or business partners.

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

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.

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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