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Bell Helicopter and PHI Sign Agreement


Bell Helicopter, January 11, 2011 - FORT WORTH, TEXAS - Bell Helicopter, a Textron Inc. company, today announced the recent sale of two Bell 407 helicopters to PHI, one of the world's leading helicopter services companies, for use in the transportation of oil and gas workers in the Gulf of Mexico.

PHI, known industry wide for the relentless pursuit of safe and reliable helicopter transportation, has long been one of the world's premier helicopter operators with experience in over 43 countries, operating a fleet approaching 250 aircraft. The company's core business is in offshore operations supporting worldwide petroleum exploration and production. PHI also offers services to the Onshore Mining, International, Air Medical, and Technical Services industries.

"This sale continues the commitment made when PHI started its initial operations in 1949 using Bell Helicopters in the Gulf of Mexico. The Bell 407 is a proven, state-of-the- art helicopter, which fits in perfectly with PHI's long term commitment to quality and safety", said Larry Roberts, Senior Vice President, Commercial Business, Bell Helicopter.

The Bell 407 is a single-engine helicopter that seats seven. It is used in a wide variety of civilian missions, from air ambulance and airborne law enforcement to corporate/VIP transport, and offshore oil and gas support. Over 1000 commercial 407 aircraft have been produced and are operating in over 50 countries worldwide. It has become the industry standard for dependability.

"We welcome these additional helicopters to our sizable fleet of Bell 407s. This helicopter is a workhorse for our company and our oil and gas customers' helicopter of choice to support their light single engine transportation requirements," said Al Gonsoulin, Chairman and CEO, PHI.

About PHI

PHI is a world leading helicopter services companies supporting the Offshore Oil and Gas, International, Air Medical, and Technical Services industries. The Company's core business consists of offshore operations in the energy basins around the world. PHI has a long history of operating in the Global Marketplace. In addition to operations in the United States, the company has operated in 43 foreign countries and continues to operate for customers across the globe. PHI's Headquarters are in Lafayette, Louisiana USA, where daily operations are conducted in conjunction with 45 other PHI heliports nationwide.

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 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.

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.


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Bell 407 in USPHI Inc



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