Vought Signs Contract with Bell Helicopter to Build V-22 Osprey Tail Structures Through 2013

Business Wire, April 2, 2008

DALLAS -- Vought Aircraft Industries, Inc. announced today that it has signed a multi-year contract with Bell Helicopter to manufacture the empennage, ramp and ramp door for the V-22 Osprey.

The estimated contract value exceeds $400 million for deliveries through 2013. It mirrors the contracts recently issued by the U.S. Navy that also cover MV-22s for use by the Marines and CV-22 versions for the Air Force.

"It is rewarding to be a team member on this multi-mission aircraft that is serving our nation," said Dennis Orzel, vice president, Integrated Aerosystems Division. "As one of the largest structures supplier for the Osprey, we appreciate the ability to continue our work on this program."

Since Vought initially signed on with the V-22 program in 1996, it has delivered more than 100 tail structures to Bell Helicopter. Each shipset weighs approximately 1,200 pounds. The use of an automatic tape layer machine provides lay-up efficiencies of the composite empennage structure.

Vought's Dallas facility is responsible for the engineering, design and production of the empennage, ramp and ramp door. About 200 people support Vought's V-22 program in Dallas, while another 30 workers in Milledgeville, Ga., build side skin assemblies, sponson and main landing gear panels.

The V-22 Osprey is produced under a strategic alliance between Bell Helicopter and The Boeing Company. Bell is responsible for the V-22's wing, transmissions, empennage, rotor systems and engine installation. Boeing is responsible for the fuselage and all subsystems, digital avionics, and fly-by-wire flight-control systems.

The V-22 is the first aircraft designed from the ground up to meet the needs of the Defense Department's four U.S. armed services. The tiltrotor aircraft takes off and lands like a helicopter. Once airborne, its engine nacelles can be rotated to convert the aircraft to a turboprop airplane capable of high-speed, high-altitude flight. It has a longer range and is twice as fast as a helicopter, resulting in greater mission versatility.

Bell Helicopter, a Textron (NYSE:TXT) company, 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.

Vought Aircraft Industries, Inc. (www.voughtaircraft.com) is one of the world's largest independent suppliers of aerostructures. Headquartered in Dallas, the company designs and manufactures major airframe structures such as wings, fuselage subassemblies, empennages, nacelles and other components for prime manufacturers of aircraft. Vought has annual sales of approximately $1.6 billion and about 6,500 employees in nine U.S. locations.

This release contains forward-looking statements concerning future business opportunities within the meaning of section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to changes in government funding, procurement priorities and practices or in the number of aircraft to be built and challenges in the design, development, and production of such aircraft; as well as other risks and uncertainties, including but not limited to those detailed from time to time in Vought's Securities and Exchange Commission filings.

To download Vought V-22 production photos, go to: http://www.voughtaircraft.com/gallery/v22/v22_pg1.htm