Singapore (November 13, 2023) – Bell Textron Inc., a Textron Inc. (NYSE:TXT) company, has completed the delivery of the first three Bell 505 helicopters to the Republic of Korea Navy (ROKN), putting into motion a contract that is expected to see up to 40 Bell 505 helicopters built and delivered by 2025.
In May 2022, a contract between the Republic of Korea’s Defense Acquisition Program Administration and Bell was signed after the Bell 505 was selected as the new Republic of Korea military helicopter trainer. The Bell 505 helicopters will be used by both the ROKN and the Republic of Korea Army (ROKA) to train their pilots.
“The Republic of Korea Armed Forces’ decision to induct the Bell 505 is a testament to their need for an advanced helicopter training platform. The Bell 505’s state-of-the-art training environment unmatched in that class of helicopter will deliver skills to their next generation of pilots that will enhance their operational readiness. We are privileged to play a part in building these critical capabilities and supporting the Armed Forces’ fleet with our industry-leading aftermarket programs” said Sameer Rehman, managing director, Asia Pacific, Bell.
The inclusion of the Republic of Korea Armed Forces takes the total number of government agencies worldwide that utilize the Bell 505 as its helicopter trainer to seven – Indonesian Navy, Jamaican Air Force, Japan Coast Guard, Horizon International Flight Academy of the UAE, Armed Forces of Montenegro, and the Royal Jordanian Air Force.
Since the Bell 505 was introduced in 2017, over 400 deliveries of the aircraft have been made and more than 100,000 global fleet hours clocked. With its dual-channel FADEC-controlled engine, glass cockpit, customizable cabin space, tie-downs and two-bladed rotor system, the Bell 505 is a leading aircraft in its class – one that ensures efficiency and dependability in every facet and on every flight.
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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.
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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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