CCC Signs Purchase Agreement for Eight Bell 412EP Helicopters


Released on Wednesday, April 2, 2014
AB212
CCC - Canadian Commercial Corporation
CEO - Chief Executive Officer
DND - Canadian Department of National Defence
VIP - Very Important Person
FORT WORTH, TX (April 2, 2014) - Bell Helicopter, a Textron Inc. company (NYSE: TXT), announced it has signed a purchase agreement with the Canadian Commercial Corporation (CCC) for eight Bell 412EP helicopters. The aircraft will be delivered to the Philippine Department of National Defense (DND) fully configured and equipped with advanced features to meet the DND's modernization requirements.

"We are honored that the Philippine Department of National Defense has selected Bell Helicopter to fulfill their mission requirements," said C.M. Hwang, managing director, Bell Helicopter's Asia Pacific region. "We are also grateful for the long-term trust that the Philippine Government and DND have placed in Bell Helicopter to upgrade and improve mission capabilities."

Five of the Bell 412s will be configured for combat utility operations including relief efforts while the remaining aircraft will be configured for VIP transportation.

"We chose the Bell 412EP because of its versatility and performance in extreme environments," said Undersecretary Fernando I. Manalo from the Philippine Department of National Defense. "We are looking forward to the delivery of the first three aircraft in time for the Philippines to host the Asia Pacific Economic Cooperation Summit in 2015."

The Philippine Air Force has operated derivations of the Bell UH-1H since the late 1960s, and since 1994 when they received their first two Bell 412s.

The contract was negotiated under the umbrella of a Memorandum of Understanding (MOU) between the CCC and the Philippine Department of National Defense for the purchase of defense and military related materials and services. Prime Minister Stephen Harper announced the MOU in November 2012.

"The CCC is pleased to be once again partnering with Bell Helicopter, a Canadian manufacturer of world-class aircraft and the choice of many nations' air services the world over," Marc Whittingham, President and CEO of the CCC said. "This latest contract with the Philippine Government highlights the long history of collaboration between the CCC and Bell Helicopter to provide cost-effective government-to-government contracting solutions for highly advanced aerospace products."

Source: Bell Helicopter Finalizes Agreement for Eight Bell 412EPs to Canadian Commercial Corporation to be Used by Philippine Department of National Defense

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