MOSCOW, Russia (May 26, 2015) – Bell Helicopter, a Textron Inc. (NYSE: TXT) company, announced today an agreement with JSC Ural Works of Civil Aviation (UWCA) for the development of final assembly capabilities by UWCA for the Bell 407GXP in order to support UWCA in obtaining Russian registry to facilitate their operations. Under the agreement UWCA agrees to purchase several Bell 407 GXP helicopters. The Bell 407GXP helicopters are planned to be delivered to UWCA by the end of 2015 from Bell and final assembled at the UWCA facility in Yekaterinburg.
“As one of the largest aircraft repair companies in the market, we are very excited about this relationship with Bell Helicopter,” said Artur Schtankov, chairman, UWCA. “We believe the Bell 407GXP’s performance and operating cost makes it the right helicopter for the Russian market.”
“We believe there is a strong demand for the Bell 407GXP and we are delighted to establish a strong local presence in Russia,” said Patrick Moulay, vice president of global sales and marketing at Bell Helicopter. “This is a key milestone for Bell Helicopter that we expect will lead to further opportunities within the Russian market. We are committed to continue supporting the success of our Russian business partners as we strongly believe in the long term potential of the market.”
The new Bell 407GXP aircraft, introduced earlier this year, incorporates the reliability and advanced technology of the Bell 407GX platform, and introduces performance improvement, payload increase and pilot workload reduction. Derived from the Bell 407GX platform, the Bell 407GXP has an additional 50 lbs (22.5 kg) of payload capability, coupled with the new M250 Rolls-Royce engine that improves performance and fuel efficiency delivering class leading hot and high performance. The aircraft is also equipped with new avionics features such as a hover performance calculator improvement, as well as a transmission TBO extension of +500 hours that will lower maintenance costs.
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, 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; changes in government regulations or policies on the export and import of commercial 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 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.