Bell Helicopter and Reignwood Solidify Collaboration During U.S. President Trump's Trade Mission ...

Beijing, China (8 November 2017) – Bell Helicopter, a Textron Inc. (NYSE: TXT) company, has signed an agreement today with Reignwood International Investment Group Company Ltd. (Reignwood) under which Reignwood has agreed to pu...

06 November 2017

Bell Helicopter and Reignwood Solidify Collaboration During U.S. President Trump's Trade Mission to China

Bell Helicopter Commercial Orders Exceed 200 in China for 2017

Beijing, China (8 November 2017) – Bell Helicopter, a Textron Inc. (NYSE: TXT) company, has signed an agreement today with Reignwood International Investment Group Company Ltd. (Reignwood) under which Reignwood has agreed to purchase an additional 50 Bell 505s, act as the exclusive reseller for the Bell 505 in China and establish a Bell 505 delivery and maintenance center. The new contract follows previous purchase agreements signed earlier this year with Reignwood for 60 Bell 505s, totaling 110 Bell 505 aircraft.

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The signing was witnessed by US Secretary of Commerce Wilbur Ross as part of US President Donald Trump’s trade mission to China. Signing for Bell Helicopter was President and CEO, Mitch Snyder, who was also a member of President Trump’s trade mission, and Reignwood Aviation’s Chairman, Zheng Gang.

“Between Shaanxi Helicopter’s order for 100 Bell 407GXPs and Reignwood’s purchase agreements for 110 Bell 505s, demand for Bell helicopters in China has surged this year,” said Mitch Snyder, president and CEO of Bell Helicopter. “This signature solidifies our relationship with Reignwood and our commitment to develop the commercial rotorcraft industry in China.”

“We are pleased to have finalized this agreement with Bell Helicopter,” said Zheng Gang, chairman of Reignwood Aviation. “We look forward to bringing the Bell 505 to customers in China and growing the use of helicopters in the corporate, tourism and utility sectors.”

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The Bell 505 Jet Ranger X is Bell Helicopter’s new five-seat aircraft designed for safety, efficiency and reliability through advanced avionics technology. It incorporates proven dynamic components, advanced aerodynamic design, a dual channel FADEC Turbomeca Arrius 2R engine and best-in-class value.

For more images of the Bell 505, please click here.

About Bell Helicopter

Bell Helicopter, a wholly owned subsidiary of Textron Inc., is an industry-leading producer of commercial and military, manned and unmanned vertical-lift aircraft and the pioneer of the revolutionary tiltrotor aircraft. Globally recognized for world-class customer service, innovation and superior quality, Bell's global workforce serves customers flying Bell aircraft in more than 120 countries.

About Textron Inc.

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 Helicopter, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, Textron Off Road, Textron Systems, and TRU Simulation + Training. For more information, visit: www.textron.com.

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About Bell Helicopter

Bell Helicopter, a wholly owned subsidiary of Textron Inc., is an industry-leading producer of commercial and military, manned and unmanned vertical-lift aircraft and the pioneer of the revolutionary tiltrotor aircraft. Globally recognized for world-class customer service, innovation and superior quality, Bell’s global workforce serves customers flying Bell aircraft in more than 120 countries.

About Textron Inc.

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 Helicopter, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, Textron Off Road, 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 xrevenues 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; the efficacy of research and development investments to develop new products or unanticipated expenses in connection with the launching of significant new products or programs; the timing of our new product launches or certifications of our new aircraft products; 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; risks related to our international business, including relying on joint venture partners, subcontractors, suppliers, representatives, consultants and other business partners in connection with international business, including in emerging market countries; and continued softness or volatility in the markets in which we do business.