Bell 360 Invictus chosen to continue in U.S Army’s new scout rotorcraft competition

Fort Worth, Texas, March 25, 2020 – Bell Textron Inc., a Textron Inc. (NYSE: TXT) company, has been selected to continue its work on the U.S. Army's Future Attack Reconnaissance Aircraft (FARA) program.

As part of the selection, Bell is designing, manufacturing, and testing the Bell 360 Invictus, a prototype rotorcraft designed to provide improved lethality, survivability, and extended reach for Army Aviation. This selection follows almost a full year of design and risk-reduction work by the Bell team as part of the initial contract phase.

"The selection of the Bell 360 Invictus to continue in the FARA program builds on our decades-long legacy as an innovator in reconnaissance rotorcraft supporting the maneuver force," said Mitch Snyder, president and CEO of Bell. "Our team has applied innovative thinking with tested technology to give the Army a low-risk option to fulfill its requirements on an aggressive schedule."

As part of the U.S. government's Future Vertical Lift (FVL) family of programs, the FARA competition seeks to test and acquire a next-generation attack reconnaissance aircraft to fill a critical capability gap identified by the Army on a rapid schedule.

The Bell 360 addresses the requirements with a design optimized to achieve the performance, connectivity, sustainability, and reliability for soldiers to fight and operate in multi-domain operations.

The aircraft is expected to meet or exceed the Army's requirements, using proven Bell technologies such as fly-by-wire flight controls, a proven articulated rotor design, and an innovative blade design to name a few.

Additionally, Bell is partnered with industry leader Collins Aerospace to integrate a new generation of avionics hardware and software featuring cyber-hardened and digital backbone solutions to provide MOSA compliance in accordance with US Army FARA objectives.

To ensure the team stays on schedule and on budget, Bell is using a digital design-as-built process. The team is able to connect and collaborate in a real-time digital environment to ensure alignment among all trades to facilitate smoother manufacturing, improve sustainability characteristics, and mitigate schedule risks.

This process has been used and refined on Bell commercial projects, as well as during the recent U.S. Army Joint Multi-Role Technology Demonstrator program that produced the Bell V-280 Valor.

"The Bell 360 Invictus will help the Army achieve and sustain overmatch against competitors with its new attack and reconnaissance capabilities," said Keith Flail, vice president of Advanced Vertical Lift Systems at Bell. "Our aircraft builds on Bell's legacy of providing ultra-reliable scout rotorcraft by keeping our aircraft affordable with an emphasis on simplifying processes to achieve a sustainable and maintainable aircraft for the warfighters."

Initiated following contract award in 2019, the Bell 360 program is producing an advanced, scout aircraft to fulfill requirements set out by the Army FARA program. The Bell 360 design was revealed last October. The next generation design highlights Bell's intent to deliver exceptional performance using proven technologies to preserve schedule and control cost.

To learn more about Bell 360 Invictus and FVL, please visit the Bell 360 Invictus website, and follow us on YouTube, LinkedIn, Twitter, Facebook, and Instagram.

This research was partially funded by the Government under Agreement No. No. W911W6-19-9-0002. The U.S. Government is authorized to reproduce and distribute reprints for Government purposes notwithstanding any copyright notation thereon.

The views and conclusions contained in this document are those of the authors and should not be interpreted as representing the official policies, either expressed or implied, of the Aviation Development Directorate, or the U.S. Government.

ABOUT BELL

Thinking above and beyond is what we do. For more than 80 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 aboard NASA's first lunar mission and brought advanced tiltrotor systems to market. Today, we're defining the future of on-demand 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 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, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, 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 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 Bell's solution for the FARA 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; 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.

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