BRP AND ARCTIC CAT HAVE REACHED A GLOBAL SETTLEMENT
Valcourt, Quebec, November 2, 2020 – Bombardier Recreational Products Inc. (“BRP”) (TSX:
DOO; NASDAQ: DOOO) and Arctic Cat Inc. (“Arctic Cat”), a Textron Inc. (NYSE:TXT)
company, have reached a global settlement of the ongoing intellectual property disputes
between them. Under the terms of the confidential settlement agreement, the two court cases
still active between the parties in the US and in Canada will be dismissed.
Among the matters resolved is the dispute related to BRP’s rider-forward patents and Arctic
Cat’s full-size snowmobiles with pyramidal frame designs. As a result, Arctic Cat and its
Canadian dealers will be allowed to immediately resume the sale and delivery of its full lineup of
snowmobiles in Canada.
Arctic Cat and BRP have pledged to continue to work together for the betterment and expansion
of the snowmobile industry for all riders and associations.
About Arctic Cat
The Arctic Cat brand is iconic in the powersports industry, with nearly 60 years of designing and
manufacturing leading snowmobiles, side-by-sides and ATVs that are renowned the world over for their
power and performance. Arctic Cat snowmobiles, side-by-sides, ATVs and affiliated products are designed
and manufactured in Thief River Falls, Minn. by Arctic Cat Inc., a Textron Inc. (NYSE: TXT) company that
operates as part of Textron’s Specialized Vehicles business. For more information, visit: www.arcticcat.com.
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.
