Bell Helicopter and Lockheed Martin Team on V-280 Valor™

  Bell Helicopter and Lockheed Martin Team on V-280 Valor™

Business Wire

FORT WORTH, TX -- September 9, 2013

Bell Helicopter, a Textron Inc. company (NYSE: TXT), and Lockheed Martin
(NYSE: LMT) will work as a team on the Bell V-280 Valor™, making Lockheed
Martin the first of Bell Helicopter’s V-280 program tier one team members.
Additional team members will be announced in the coming months.

"We are very excited about teaming with Lockheed Martin on the V-280,” said
John Garrison, president and CEO of Bell Helicopter. "Lockheed Martin is a
premier defense and aerospace contracting company celebrating 100 years of
success.Their experience and innovation, combined with their strong business
relationships serving their customers at the U.S. Department of Defense and
other government agencies, will help us provide the highest levels of maturity
and technical readiness required for Future Vertical Lift missions.”

“We made the strategic decision to invest in a mission system and provide Bell
Helicopter with this leap-ahead combat capability on the V-280 Valor,” said
Dale P. Bennett, executive vice president, Lockheed Martin Mission Systems and
Training. “The U.S. Government and Lockheed Martin have created affordable yet
highly-advanced mission equipment packages for numerous aircraft that can be
leveraged to provide an affordable and effective solution for the Future
Vertical Lift program.Our efforts will allow the U.S. Army to take advantage
of the advanced technology and maturity we’ve achieved in integrated avionics,
sensors, and weapons.”

The Bell V-280 Valor was recently selected by the U.S. Army to enter into
negotiations for the Joint Multi-Role (JMR) Technology Demonstrator (TD)
program, with contracts expected to be awarded by September 2013. The
transformational features of Bell Helicopter’s third generation tiltrotor
capitalize on combat-proven technology. The Valor is designed to deliver the
best value in procurement, operations and support, and force structure,
through increased maintainability, component reliability and systems designed
to reduce operational and support costs. The Valor’s versatile design has the
capacity to perform a multitude of missions with unparalleled speed, range and
agility, making the aircraft a combat multiplier. The Bell V-280 is the most
advanced and operationally effective vertical lift solution, providing the
warfighter a decisive advantage.

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 Aircraft Company, Jacobsen,
Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems. More information is
available at

About Lockheed Martin

Headquartered in Bethesda, Md., Lockheed Martin is a global security and
aerospace company that employs about 116,000 people worldwide and is
principally engaged in the research, design, development, manufacture,
integration, and sustainment of advanced technology systems, products, and
services. The Corporation’s net sales for 2012 were $47.2 billion.

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 contract awards for
the Joint Multi-Role Technology Demonstrator Program or other new tiltrotor
products will not be received as anticipated; 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.

 Bell Helicopter Textron Inc. Post Office Box 482, Fort Worth, TX 76101-0482

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Bell Helicopter:
SUSAN GORDON, 817-280-3100
Online Media Kit
Lockheed Martin:
KEITH LITTLE, 571-357-6357
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