Galaxy Technologies Awarded Bell Helicopter Textron Contract

01/10/2012 09:05:00

WINFIELD, Kan. — Galaxy Technologies announced today the company has been awarded a multi-year, multi-million dollar contract from Bell Helicopter Textron to design and manufacture tooling to support Bell’s re-design efforts for the H-1 Cuff and Yoke program in Ft. Worth, Texas. Bell Helicopter was awarded the Naval Air Systems Command contract in 2011. “The Galaxy team did a great job in competitively responding to Bell Helicopter’s technical and manufacturing requirements for this very important and high-priority project. Bell designed a tremendous rotorcraft in the AH-1Z (Viper) and UH-1Y (Venom). We look forward to assisting Bell’s effort to continually improve their product,” states Galaxy Technologies President and CEO Andy Plyler.

The AH-1Z and UH-1Y are deployed as essential elements of the U.S. Marine Corps’ light attack helicopter squadrons. “We are very proud to continue to support the American Warfighter through our work with Bell Helicopter,” says Plyler. The H-1 Cuff and Yoke program is part of an upgrade program focused on improving the platforms’ operational capabilities, while at the same time reducing overall life-cycle costs.

Galaxy Technologies is located in Winfield, Kan. Galaxy is major supplier for the design, manufacturing and assembly of production tooling for the aerospace, defense and plastic markets. Major customers include Boeing, Spirit Aerosystems, Northrop Grumman, Lockheed Martin, Rubbermaid and Coleman. Gladstone Investment Corporation, a publicly-traded (NASDAQ: GAIN) business development company, is the majority shareholder of Galaxy Technologies’ parent company, Galaxy Tool Holding Corporation. Gladstone Investment focuses on providing debt and equity capital to U.S.-based businesses in connection with acquisitions, changes in control and recapitalizations.