Bell Helicopter Logs Record Number of Orders Over Past 14 Days.DALLAS -- The Helicopter Association International The Helicopter Association International (HAI) is a not-for-profit, professional trade association of 1,450-plus member organizations in more than 68 nations. Since 1948, HAI provides its membership with services that directly benefit their operations and advances the civil (HAI HAI Health Action International HAI Healthcare-Associated Infections HAI Helicopter Association International HAI Hospital Acquired Infection HAI Hemagglutination Inhibition (Immune assay type, microbiology) ) wrapped up its Annual Convention today in Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. and for Bell Helicopter Bell Helicopter Textron is an American helicopter and tiltrotor manufacturer headquartered in Fort Worth, Texas. A division of Textron, Bell manufactures military helicopter and tiltrotor products in the United States (primarily in and around Fort Worth as well as in Amarillo, , a Textron Inc. (NYSE NYSE See: New York Stock Exchange : TXT TXT Text TXT Text File (filename extension) TXT Textile TXT Teletext TXT Tecnologia per a Tothom TXT Textron Corporation (stock symbol) ) company it was a record breaking show for helicopter orders. The success of Bell Helicopter at HAI is indicative of the positive growth Bell has experienced recently. Bell Helicopter took orders for 100 aircraft during the three-days of HAI, nearly tripling its number from last year. Coupled with the recent Asian Aerospace Asian Aerospace (AA) is an international trade fair for the aerospace business. It had been based at the Changi Exhibition Centre near the Singapore Changi Airport, it is the biggest airshow event in Asia, and was touted by its organisers as the "world’s second most show held in Singapore, during the past 14 days, Bell has booked 140 helicopter orders. "To put this in perspective, at HAI 2005, we had our best show in decades and took orders for 34 helicopters," explained Bell Chief Executive Officer Mike Redenbaugh. "This year we significantly increased that number, continuing to build our backlog. This validates our growth forecast as well as Textron's capital investment in the Bell business." The success of Bell Helicopter at HAI and Asian Aerospace is illustrative il·lus·tra·tive adj. Acting or serving as an illustration. il·lus tra·tive·ly adv.Adj. 1. of the success Bell has enjoyed all year across the entire spectrum of our helicopter products. "Whatever the need whether corporate, offshore, firefighting 1. firefighting - What sysadmins have to do to correct sudden operational problems. An opposite of hacking. "Been hacking your new newsreader?" "No, a power glitch hosed the network and I spent the whole afternoon fighting fires." 2. or law enforcement, tourism, utility or any other mission, we have a helicopter that will meet the need," said Bob Fitzpatrick, Senior Vice President for Marketing and Sales at Bell Helicopter. "This versatility of our product capabilities coupled with our award winning customer support network is clearly the right answer for our customers because they have definitely responded." At Asian Aerospace Bell took orders for 40 aircraft including 9 of Bell's newly unveiled 417s and 13 Bell 429s The Bell 429 GlobalRanger is a light-/intermediate-twin helicopter currently under development as a stretched derivative of the Bell 427. First flight of the prototype took place on February 27, 2007, and Bell is planning on certification by mid-2008. unveiled last year at HAI. Bell's HAI order intake includes 100 aircraft including 46 Bell 417s and 33 Bell 429s. "What was so fantastic about these two aviation shows was the spectrum of customers who purchased our products," Fitzpatrick said. "We took orders from major corporations, emergency medical service providers as well as individuals. And the orders came from all of our geographic regions around the world. We have a healthy backlog with customers taking delivery positions into 2010" "We have sound, reliable, dependable products and the excellent customer support to back them up," Redenbaugh said. "We continue to strive for balance in our business and we are on the right track with expansion in the commercial market paralleling the growth we have experienced in our military products." Bell Helicopter is an industry-leading producer of commercial and military, manned and unmanned vertical lift aircraft A vertical lift aircraft is any type of aircraft capable of rising and descending vertically during flight. It includes helicopters, V/STOL jets like the Hawker Siddeley Harrier, and tiltrotor aircraft like the V-22 Osprey. and the pioneer of the revolutionary tilt rotor 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. Textron Inc. is a $10 billion multi-industry company with 46,000 employees operating in 36 countries. The company leverages its global network of aircraft, 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 Aircraft, Jacobsen, Kautex, Lycoming, E-Z-GO and Greenlee, among others. More information is available at www.textron.com. Certain statements in this report and other oral and written statements made by Textron from time to time are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , including those that discuss strategies, goals, outlook or other non-historical matters; or project revenues, income, returns or other financial measures. These forward-looking 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 forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contained in the statements, including the following: (a) the extent to which Textron is able to achieve savings from its restructuring plans; (b) uncertainty in estimating the amount and timing of restructuring charges restructuring charge The expense of reorganizing a company's operations. A restructuring charge is an infrequent expense that generally results from asset writedowns or facility closings. and related costs; (c) changes in worldwide economic and political conditions that impact interest and foreign exchange rates; (d) the interruption of production at Textron facilities or Textron's customers or suppliers; (e) Textron's ability to perform as anticipated and to control costs under contracts with the U.S. Government; (f) the U.S. Government's ability to unilaterally modify or terminate its contracts with Textron for the Government's convenience or for Textron's failure to perform, to change applicable procurement and accounting policies, and, under certain circumstances, to suspend or debar de·bar tr.v. de·barred, de·bar·ring, de·bars 1. To exclude or shut out; bar. 2. To forbid, hinder, or prevent. Textron as a contractor eligible to receive future contract awards; (g) changes in national or international funding priorities and government policies on the export and import of military and commercial products; (h) the adequacy of cost estimates for various customer care programs including servicing warranties; (i) the ability to control costs and successful implementation of various cost reduction programs; (j) the timing of certifications of new aircraft products; (k) the occurrence of slowdowns or downturns in customer markets in which Textron products are sold or supplied or where Textron Financial offers financing; (l) changes in aircraft delivery schedules or cancellation of orders; (m) the impact of changes in tax legislation; (n) the extent to which Textron is able to pass raw material price increases through to customers or offset such price increases by reducing other costs; (o)Textron's ability to offset, through cost reductions, pricing pressure brought by original equipment manufacturer customers; (p) Textron's ability to realize full value of receivables and investments in securities; (q) the availability and cost of insurance; (r) increases in pension expenses related to lower than expected asset performance or changes in discount rates; (s) Textron Financial's ability to maintain portfolio credit quality; (t) Textron Financial's access to debt financing Debt Financing When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay at competitive rates; (u) uncertainty in estimating contingent liabilities Contingent Liability 1. The possibility of an obligation to pay certain sums dependent on future events. 2. Defined obligations by a company that must be met, but the probability of payment is minimal. Notes: 1. and establishing reserves to address such contingencies; (v) performance of acquisitions; (w) the efficacy of research and development investments to develop new products; and (x) bankruptcy or other financial problems at major suppliers or customers that could cause disruptions in Textron's supply chain or difficulty in collecting amounts owed by such customers. |
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