BELL ACQUIRES COVENTRY, RI-BASED RESPONSE TECHNOLOGIES IN PURSUIT OF ADVANCING FUEL CELL TECHNOLOGY

Providence, RI – December 7, 2020

Bell Textron Inc., a Textron Inc. (NYSE:TXT) company, announced today its acquisition of Response Technologies LLC, an innovative composite solutions and fuel cell company based in Coventry, RI. This acquisition adds to Bell’s extensive technology portfolio in the aerospace manufacturing field.

“Textron has a rich history in Rhode Island. We’re excited to make this investment in our home state and establish Bell’s presence here to help us further the development of fuel cell technology,” said Scott C. Donnelly, chairman & CEO of Textron Inc.

“This acquisition aligns with our strategy to pursue innovative technology and will enable us to accelerate needed developments in our industry,” said Mitch Snyder, president and CEO of Bell. “We believe Response Technologies has the right solution for modernizing fuel cell systems and textile composites. We are proud to have them join the Bell family.”

Established in Rhode Island and located at the historic former Arkwright building, Response Technologies is a startup founded in 2015 that is focused on flexible, 3D, textile-reinforced composite solutions. The company has two business areas of development: fuel cells and components and textile composites. With a focus on advanced manufacturing, Response Technologies’ mission aligns closely with Bell’s Rapid Prototyping and Manufacturing Innovation team.

“We are excited to join the Bell team, and the larger Textron enterprise, for the benefits it will bring to our customers,” said David Pettey, co-founder, Response Technologies. “Bringing disruptive ideas to the world’s largest industries has always been our vision and our team looks forward to continuing our propelled and vertical progress.”

Bell has an 85-year history of leading innovation in aviation, from the first American jet fighter to the first tiltrotor. Our breakthrough innovations deliver exceptional performance to our customers. Efficiently. Reliably. And, above all, safely.

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, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, Textron Systems, and TRU Simulation + Training. For more information visit: www.textron.com.

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Investor Contacts:

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Media Contact:

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