Bell Helicopter investment strengthens Greater Montréal’s aerospace industry

Creation of 100 jobs and transfer of assembly and commercialization activities

Montréal, May 19, 2016 – Bell Helicopter, a subsidiary of Textron Inc., today announced it is transferring assembly and delivery activities for Bell 505 Jet Ranger X commercial helicopters from its facilities in Lafayette, Louisiana, to its Mirabel centre. Bell Helicopter has also confirmed that its next commercial helicopter will be assembled in Greater Montréal and the manufacturing of certain composite components will also be brought back to the region.

Montréal International, Greater Montréal’s economic development agency, helped US-based Bell Helicopter consolidate its activities in Canada, in conjunction with the Canadian and Québec governments.

“The investment announced today is the outcome of sustained efforts by several partners to help Bell Helicopter—one of the largest foreign subsidiaries in Greater Montréal—consolidate its presence in Québec. This project will enable the Mirabel plant to raise the profile of Montréal’s aerospace expertise within the Bell Helicopter group and help ensure the long-term viability of its activities in the city,” said Hubert Bolduc, President and CEO of Montréal International. “We must support our aerospace champions and attract complementary players to this leading-edge, high value industry, which is crucial to job and wealth creation.”

The Bell 505 Jet Ranger X helicopter continues to make outstanding progress and reach its test objectives. The three test units have already racked up more than 700 hours of flight time. To date, Bell Helicopter has received over 380 letters of intent from around the world for the 505 Jet Ranger X. The Bell 505 Jet Ranger X is a five-seat, single-engine, turbine helicopter leveraging Bell Helicopter’s proven technology and nearly half a century of experience, which revolutionized the short-fuselage single-engine market with its first Bell JetRanger.

The Montréal metropolitan area is home to the third-largest aerospace cluster in the world, and it accounts for 55% of jobs and sales in Canada’s aerospace sector and 70% of aerospace research and development investments in Canada. The sector’s global success is powered by four world-class OEMs with operations in Québec—Bombardier, Bell Helicopter Textron Canada, Pratt & Whitney Canada and CAE—as well as a robust Québec-based value chain of close to 200 equipment manufacturers and SMEs.

About Bell Helicopter (ca.bellhelicopter.com)
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. (www.textron.com)
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, Textron Systems, and TRU Simulation + Training. For more information, visit www.textron.com.

About Montréal International (www.montrealinternational.com)
Montréal International (MI) acts as an economic driver for Greater Montréal to attract wealth from abroad while accelerating the success of its partners and clients. Its role is to attract foreign investment, international organizations and skilled workers to Greater Montréal, and promote the region’s competitive environment. MI also works to find the best ways to position the region as an attractive investment destination, and make recommendations to various levels of government to support Québec’s job creating, high-value-added industries.

Established in 1996, Montréal International is a non-profit organization funded by the private sector, the governments of Canada and Québec, the Montréal Metropolitan Community and the City of Montréal.

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