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Bell and Leonardo Enter into Memorandum of Understanding (MOU) to Evaluate Cooperation Opportunities in the Tiltrotor Technology Domain - Bell Textron, Inc., a Textron, Inc. company, and Leonardo S.p.A., have signed a Memorandum of Understanding (MOU) to evaluate cooperation opportunities in the tiltrotor technology domain [NYSE:TXT] - BellFlight.com / Leonardo.com
Bell and Leonardo Enter into Memorandum of Understanding (MOU) to Evaluate Cooperation Opportunities in the Tiltrotor Technology Domain

 

PRZOOM - /newswire/ - Anaheim, CA, United States, 2024/02/29 - Bell Textron, Inc., a Textron, Inc. company, and Leonardo S.p.A., have signed a Memorandum of Understanding (MOU) to evaluate cooperation opportunities in the tiltrotor technology domain [NYSE:TXT] - BellFlight.com / Leonardo.com. FNC IM; SIFI.MI

   
 
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As global leaders in designing, manufacturing, and supporting rotorcraft for commercial and military applications, Bell (bellflight.com) and Leonardo share a multi-decade history of industrial cooperation on both traditional helicopters as well as tiltrotor technology collaboration.

The cooperative effort will begin in earnest with the NATO Next Generation Rotorcraft Capability (NGRC) Concept Study #5, where Leonardo will take the lead on a tiltrotor architecture proposal with Bell in support.

“This cooperative effort between Bell and Leonardo reflects our shared vision that next generation rotorcraft will be influenced by the speed, range and manoeuvrability only tiltrotor technology can deliver,” said Lisa Atherton, president and CEO, Bell. “We are proud to deepen our relationship with Leonardo as we continue to explore emerging vertical lift programs in Europe and the United States.

Gian Piero Cutillo, Managing Director of Leonardo Helicopters, said “We’re thrilled to evaluate new joint efforts for the next generation of rotorcraft technologies, based on our solid and shared view of the unique advantages of tiltrotors. Leonardo has always firmly endorsed tiltrotor technologies to meet evolving rotorcraft requirements, even more so as new needs emerge in the market.”

About Leonardo

Leonardo (leonardo.com) is a leading global Aerospace, Defence and Security (AD&S) company. With 51,000 employees w orldw ide, it operates in the fields of Helicopters, Electronics, Aircraft, Cyber & Security and Space, and is a key partner in major international programmes including Eurofighter, NH-90, FREMM, GCAP and Eurodrone. Leonardo has significant industrial capabilities in Italy, the UK, Poland, and the US and also operates through subsidiaries, joint ventures and stakes, including Leonardo DRS (72.3%), MBDA (25%), ATR (50%), Hensoldt (25.1%), Telespazio (67%), Thales Alenia Space (33%) and Avio (29.6%). Listed on the Milan Stock Exchange (LDO), Leonardo reported new orders of €17.3 billion in 2022, w ith an order backlog of €37.5 billion and consolidated revenues of €14.7 billion. The company is included in the MIB ESG index and has been part of the Dow Jones Sustainability Indices (DJSI) since 2010.

Investor Relations: T: +39 0632473512 - E: ir[.]leonardo.com.

 
 
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Agency / Source: Leonardo S.p.a.

 
 

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Bell and Leonardo Enter into Memorandum of Understanding (MOU) to Evaluate Cooperation Opportunities in the Tiltrotor Technology Domain

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Bell Textron, Inc. | Leonardo
Contact: Press Office - LeonardoCompany.com 
+39 0632473313 leonardopressoffice[.]leonardo.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Leonardo S.p.a. securities in any jurisdiction including any other companies listed or named in this release.

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