Bell Helicopter gets $2.2 Billion Army contract

Posted on: Aug. 1st, 2005 || Source: miami.com | E-mail Article | Print Article

Bell Helicopter gets $2.2 Billion Army contract

(Fort Worth, TX., July 29, 2005)--Bell Helicopter, a unit of Textron Inc., (NYSE: TXT) was awarded a $2.2 billion contract by the United States Army to build its next generation Armed Reconnaissance Helicopter, or ARH. The ARH will replace the Army's OH-58D Kiowa Warrior Helicopter also produced by Bell. The contract calls for Bell Helicopter to build 368 aircraft for delivery during fiscal years 2006 through 2013.

"We are honored to have been chosen by the U.S. Army to continue our legacy of providing outstanding Armed Reconnaissance Helicopter technology," said Mike Redenbaugh, Chief Executive Officer of Bell Helicopter Textron. "The Army requires a state-of-the art Armed Reconnaissance Helicopter and that's exactly what Bell Helicopter will deliver."

Bell's ARH is a militarized version of its highly successful 407 single engine light helicopter. Capable of being equipped with a wide variety of weapons, the Bell ARH will provide the Army with exceptional mission versatility and with the flexibility to accomplish armed reconnaissance, light attack, troop insertion, and special operations missions with a single aircraft. The Bell ARH will also provide greater deployability, interoperability and survivability.

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