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PGZ signs agreement with Bell Helicopter to provide a transition study for a robust industrial package

06.09.2017

Polska Grupa Zbrojeniowa S.A. and Textron Group’s Bell Helicopter signed an agreement to provide a transition study for a robust industrial package in conjunction with a sale of Helicopters to Poland. The agreement of a Joint Transition Study was signed on 6 September 2017, during the 25th International Defence Industry Salon in Kielce.

“The agreement we signed enables Polska Grupa Zbrojeniowa to collaborate with Bell Helicopter on a more detailed level. The goal of this co-operation is not only to provide the Polish Armed Forces with state-of-the-art equipment, but also to engage the Polish defence industry in this project to the maximum degree possible. We want our facilities to offer new jobs and technology transfer contributed to the development of the entire Polish economy” said PGZ’s vice-president of the board Adam Lesiński.

This agreement constitutes yet another example of how PGZ and Bell have been tightening their co-operation. In December 2016 they signed a letter of intent concerning the co-operation with respect to the AH-1Z “Viper” assault helicopter under the “Kruk” Programme. The companies are eager to continue cooperation also in other areas and on July the 18th signed another letter of intent which expanded the scope of their co-operation to the UH-1Y “Yankee”.

Taking into account the 85% similarity of the design of the AH-1Z Viper assault helicopter and UH-1Y "Venom" multi-purpose helicopter, PGZ intends to support the UH-1Y "Venom" helicopter.

“We will also strive to work together to produce other components for Bell’s aircraft, in particular the “Venom” multi-purpose helicopter.However, this requires further negotiations.” said PGZ’s vice-president Adam Lesiński.

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About Polska Grupa Zbrojeniowa 
PGZ is the leader of the Polish industry and one of the largest defence firms in Europe. It brings together 60 companies (defence, shipyard, new technology sectors) and generates annual revenues at the level of PLN 5 billion. Thanks to the potential of technology polonisation, strict cooperation with Polish scientific environment and emphasis on the research and development process PGZ offers innovative products which improve the safety. Among other things PGZ offers a very short range air defence system with a PODRAD set and SOŁA radar; a portable GROM antiaircraft; a system of unmanned E-310 aircrafts; ROSOMAK wheeled armoured vehicle; self-propelled tracked KRAB howitzer; BERYL soldier individual equipment with BERYL rifle. PGZ also is competent in designing, construction and equipment of the ships. Furthermore, PGZ is modernising and servicing the vehicles, airplanes, helicopters, ships (as well as the former USSR equipment). In the years to come PGZ will develop space, satellite and cyber technologies.

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 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. 
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 Off Road, Arctic Cat, Textron Systems, and TRU Simulation + Training. For more information, visit www.textron.com. 
Certain statements in this press release are forward-looking statements which may project revenues or describe strategies, goals, outlook or other non-historical matters; these statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, the risk that letters of intent will not result in sales of aircraft; changes in government regulations or policies on the export and import of military and commercial products; changes in foreign military funding priorities or budget constraints and determinations, volatility in the global economy or changes in worldwide political conditions that adversely impact demand for our products; and performance issues with key suppliers or subcontractors.

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Contact us

Spokesman of PGZ S.A.

rzecznik@pgzsa.pl

ul. Nowy Świat 4a 
00-497 Warszawa



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