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03/03/15 5:04 PM

#560156 RE: dDT #560155

Bell Helicopter makes deals for 200-plus aircraft

Textron's (NYSE:TXT) Bell Helicopter announces deals that could lead to the sale of more than 200 aircraft, as Air Methods (NASDAQ:AIRM) agrees to buy 200 Bell 407GXP helicopters for its core medical transport business, and Waypoint Leasing signs a tentative deal to buy 20 new 525 Relentless helicopters.
AIRM, which operates a fleet of more than 400 helicopters, will take delivery of the new Bell 407GXP for 10 years beginning next year; financial terms were not disclosed.
Ireland-based Waypoint would be one of the first customers for the new 525 Relentless, Bell's prime offering for the oil and gas market; the helicopter also is aimed at the search-and-rescue and firefighting markets.