We are very excited about teaming with Lockheed on the V-280, said John Garrison, president and CEO of Helicopter. Lockheed is a premier defense and aerospace contracting company celebrating 100 years of success. Their experience and innovation, combined with their strong business relationships serving their customers at the U.S. Department of Defense and other government agencies, help us provide the highest levels of maturity and technical readiness required for Vertical Lift missions. We made the strategic decision to invest a mission system and provide Helicopter with this leap-ahead combat capability on the V-280 Valor, said P. , executive vice president, Lockheed Mission Systems and Training. The U.S. Government and Lockheed have created affordable yet highly-advanced mission equipment packages for numerous aircraft that can be leveraged to provide affordable and effective solution for the Vertical Lift program. Our efforts allow the U.S. Army to take advantage of the advanced technology and maturity we’ve achieved integrated avionics, sensors, and weapons. The V-280 Valor was recently selected by the U.S. Army to enter into negotiations for the Joint Multi-Role Technology Demonstrator program, with contracts expected to be awarded by 2013. The transformational features of Helicopter’s third generation tiltrotor capitalize on combat-proven technology. The Valor is designed to deliver the best value procurement, operations and support, and force structure, through increased maintainability, component reliability and systems designed to reduce operational and support costs. The Valor’s versatile design has the capacity to perform a multitude of missions with unparalleled speed, range and agility, making the aircraft a combat multiplier. The V-280 is the most advanced and operationally effective vertical lift solution, providing the warfighter a decisive advantage. About Helicopter Helicopter, a wholly owned subsidiary of Textron Inc., is 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, ‘s global workforce serves customers flying aircraft 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 Helicopter, Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems. information is available at . About Lockheed Headquartered Bethesda, Md., Lockheed is a global security and aerospace company that employs about 116 people worldwide and is principally engaged the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services. The Corporation’s net sales for 2012 were $47 billion. Certain statements this press release are forward-looking statements which 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 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 contract awards for the Joint Multi-Role Technology Demonstrator Program or other new tiltrotor products not be received as anticipated; the efficacy of research and development investments to develop new products or unanticipated expenses or delays connection with the launching of significant new products or programs; changing priorities or reductions the U.S. Government defense budget, including those related to military operations foreign countries; changes worldwide economic or political conditions that impact demand for our products, interest rates or foreign exchange rates; our ability to perform as anticipated and to control costs under contracts with the U.S. Government; the U.S. Government’s ability to unilaterally modify or terminate its contracts with us for the U.S. Government’s convenience or for our failure to perform, to change applicable procurement and accounting policies, or, under certain circumstances, to withhold payment or suspend or debar us as a contractor eligible to receive future contract awards; changes foreign military funding priorities or budget constraints and determinations, or changes government regulations or policies on the export and import of military and commercial products; and performance issues with key suppliers, subcontractors or business partners.