Shanghai, China (April 12, 2017) – Bell Helicopter, a Textron Inc. (NYSE: TXT) company, and Hubei Tongcheng General Aviation Co. Ltd. announced today a signed purchase agreement for two Bell 505 helicopters during the Asian Business Aviation Conference & Exhibition (ABACE). The customer will use the two aircraft for agriculture pesticide management missions.
“We were thrilled to begin delivery of the Bell 505 Jet Ranger X this year and proud to continue to see an outstanding global demand for the aircraft,” said Patrick Moulay, executive vice president, Global Commercial Sales and Marketing. “Hubei Tongcheng General Aviation recognizes the unmatched performance and multi-mission capabilities of the Bell 505, and we look forward to delivering the two aircraft to our valued customer.”
The customer response has been astounding since the initial launch in 2014 and the company continues to see strong conversion of letters of intent (LOI) on the 505. Company officials see growth for the Bell 505 in the tourism and light utility sectors.
The reliability, speed, performance, and maneuverability of the Bell 505 is integrated with a flat floor, open cabin that is configurable for a wide variety of missions and payloads. The spacious cabin can be configured to carry up to four passengers or configured for internal cargo missions by removing quick disconnect rear cabin seats and/or copilot seat. The Bell 505’s flat floor cabin design and large rectangular baggage compartment lets the Bell 505 adapt to your changing mission needs. These features combined with a proven and reliable drivetrain and rotor system make the Bell 505 a true multi-mission aircraft in the short light single-engine market.
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.
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 letters of intent and/or 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 demand softness or volatility in the markets in which we do business.