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Bell 505 Jet Ranger X Fleet Surpasses 20,000 Flight Hours

Fort Worth, TX (28 August 2019) – Bell Textron Inc., a Textron Inc. (NYSE:TXT) company, announced the Bell 505 Jet Ranger X has surpassed more than 20,000 flight hours. Bell has delivered 200 aircraft to customers operating the aircraft spanning six continents.

Since the first delivery in 2017, the global fleet has logged more than 20,000 hours, marking one of Bell’s fastest growing accumulation of flight hours of any current commercial platform.

“Our Bell 505 operators rely on the aircraft to perform from the beginning of each day to when their mission is complete,” said LaShan Bonaparte, program director, Bell 505 and Bell 429. “Logging more than 20,000 flight hours is very impressive for an aircraft in service less than three years. This achievement is a testament to the Bell 505’s performance and our customer’s confidence in the aircraft.”

With a speed of 125 knots (232 km/h) and useful load of 1,500 pounds (680 kg), the Bell 505 is Bell’s new five-seat aircraft designed for safety, efficiency and reliability using advanced avionics technology. It incorporates proven dynamic components, advanced aerodynamic design, a dual channel FADEC Turbomeca Arrius 2R engine and best-in-class value.

For more information, visit the Bell website.

Honeywell Profit Beats On Strong Aero & Automation Sales

(Reuters) – Honeywell International Inc (HON.N) beat expectations for third-quarter profit on Friday and lifted its full-year forecasts for cash flow and margins as it rode a boom in e-commerce driven warehouse investment and aircraft production.

Shares of Honeywell, which makes everything from aircraft engines to catalysts used in petroleum refining, were up 2.5 percent at $159 in premarket trading.

Honeywell has benefited from a rise in global travel that has driven record orders for jets, leading to robust demand for its avionics, braking systems and other aircraft parts.

Recovering demand for business jets, for which the company makes engines, thanks to a tax windfall handed to Corporate America by President Donald Trump in January, has also helped the company.

Sales at the aviation unit, the company’s biggest business, rose 10 percent to $4.03 billion. Margins expanded by 80 basis points to 22.1 percent in the third quarter ended Sept. 30.

Honeywell’s results come a day after Cessna jet maker Textron (TXT.N), one of its customers, reported a 12.5 percent growth in its backlog at $1.8 billion, citing an improving business jet market.

The company has also taken advantage of a boom in e-commerce as it supplies warehouse automation equipment and software to customers such as Amazon.com Inc (AMZN.O).

Sales in safety and productivity solutions unit, which houses the warehouse automation business, climbed 11 percent to $1.58 billion, while margins jumped 150 basis points to 16.6 percent.

Excluding items, Honeywell earned $2.03 per share, beating analysts’ average estimate of $1.99 per share, according to Refinitiv data.

The company’s revenue rose 6.3 percent to $10.76 billion, topping the consensus of $10.75 billion.

Honeywell increased the low end of its 2018 adjusted free cash flow to $5.8 billion from $5.6 billion, while keeping the top end unchanged at $6.2 billion.

The company now expects full-year margins to rise 19.5-19-6 percent, up from 19.4-19.6 percent. Excluding the impact of divestitures, Honeywell said its full-year earnings will be in a range of $7.95 to $8.00 per share.

(Reporting by Ankit Ajmera in Bengaluru; Editing by Saumyadeb Chakrabarty)

Bell Announces Partner For Its Urban Air Taxi

Fort Worth-based Bell partnered with French aerospace giant Safran to help manufacture its vertical take-off and landing aircraft concept, the companies announced Tuesday.

The concept, called VTOL for short, is Bell’s attempt to gain entry into the air taxi space. More than a year ago, Bell announced it was partnering with Uber Technologies Inc. to bring the air taxi idea to life. The Uber Elevate ride-hailing service is scheduled to debut in Dallas-Fort Worth, Los Angeles and Dubai in 2020 and Bell is one of a handful of companies working with Uber to make the air taxis.

Click the link below for the full story!

Bell Uber Air Taxi

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