Textron Wins $105 Million Filipino Helicopter Contract

The Canadian subsidiary of U.S. defense contractor Textron (NYSE: TXT  ) has won a contract to supply the Philippines' Department of National Defense with eight specialized helicopters, as was announced by Canada's Minister of International Trade the Honorable Ed Fast on Friday.

Negotiated by Canada's Canadian Commercial Corporation, this $105 million contract will see Bell Helicopter Textron Canada Ltd. deliver the helicopters during the next two years.

Textron Bell's products are popular with the Filipino DND, which operates a fleet of some 42 UH-1H "Huey" helicopters, plus several other models of Bell products, according to military aircraft researcher FlightGlobal Insight.

The specific type of helicopter being sold from Canada was not identified in the Minister's announcement, however.


Textron Bell UH-1H Huey helicopter. Photo: Wikimedia Commons.


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