News Releases
Cessna Nears 300th Citation Mustang Delivery
TAMPA, Fla., Nov. 5, 2009 - Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, today announced at the annual Aircraft Owners and Pilots Association convention that it is nearing delivery of its 300th Citation Mustang.
“The Citation Mustang order book has remained fairly resilient during the past year. The aircraft continues to set the mark for entry level business jet operations around the world,” said Roger Whyte, Cessna senior vice president, Sales and Marketing. “It has found success in air taxi and charter operations, in flight departments, in training organizations as well as with owner-operators.”
A fleet of more than 280 Mustangs through the end of the third quarter of this year had amassed more than 55,000 flight hours since the first delivery in early 2007. Cessna will deliver its 300th Mustang in early 2010.
The Citation Mustang is the world’s first fully certified entry-level business jet. Coming in at under $3 million (2009 delivery), the Mustang features Garmin avionics, Pratt & Whitney Canada engines and boasts a 1,200-nautical mile range.
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Based on unit sales, Cessna Aircraft Company is the world's largest manufacturer of general aviation airplanes. In 2008, Cessna delivered 1,301 aircraft, including 467 Citation business jets, and reported revenues of about $5.662 billion. Since the company was originally established in 1927, some 192,000 Cessna airplanes have been delivered around the world, including more than 6,000 Citations, making it the largest fleet of business jets in the world. More information about Cessna Aircraft Company is available at www.cessna.com.
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 Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems. More information is available at www.textron.com.
Forward-looking Information: Certain statements in this release are forward-looking statements and 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 forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contained in the statements, including but not limited to the following: [a] changes in worldwide economic and political conditions that impact demand for our products, interest rates and foreign exchange rates; [b] the interruption of production at our facilities or at our suppliers’ facilities; [c] the timing of new product launches and certifications of new aircraft products; [d] the occurrence of slowdowns or downturns in customer markets in which our products are sold or supplied; [e] changes in aircraft delivery schedules or cancellation of orders; [f] the launching of significant new products or programs which could result in unanticipated expenses; [g] changes in national or international government policies on the export and import of commercial products; and [h] bankruptcy or other financial problems at major suppliers that could cause disruptions in our supply chain.
“The Citation Mustang order book has remained fairly resilient during the past year. The aircraft continues to set the mark for entry level business jet operations around the world,” said Roger Whyte, Cessna senior vice president, Sales and Marketing. “It has found success in air taxi and charter operations, in flight departments, in training organizations as well as with owner-operators.”
A fleet of more than 280 Mustangs through the end of the third quarter of this year had amassed more than 55,000 flight hours since the first delivery in early 2007. Cessna will deliver its 300th Mustang in early 2010.
The Citation Mustang is the world’s first fully certified entry-level business jet. Coming in at under $3 million (2009 delivery), the Mustang features Garmin avionics, Pratt & Whitney Canada engines and boasts a 1,200-nautical mile range.
###
Based on unit sales, Cessna Aircraft Company is the world's largest manufacturer of general aviation airplanes. In 2008, Cessna delivered 1,301 aircraft, including 467 Citation business jets, and reported revenues of about $5.662 billion. Since the company was originally established in 1927, some 192,000 Cessna airplanes have been delivered around the world, including more than 6,000 Citations, making it the largest fleet of business jets in the world. More information about Cessna Aircraft Company is available at www.cessna.com.
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 Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems. More information is available at www.textron.com.
Forward-looking Information: Certain statements in this release are forward-looking statements and 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 forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contained in the statements, including but not limited to the following: [a] changes in worldwide economic and political conditions that impact demand for our products, interest rates and foreign exchange rates; [b] the interruption of production at our facilities or at our suppliers’ facilities; [c] the timing of new product launches and certifications of new aircraft products; [d] the occurrence of slowdowns or downturns in customer markets in which our products are sold or supplied; [e] changes in aircraft delivery schedules or cancellation of orders; [f] the launching of significant new products or programs which could result in unanticipated expenses; [g] changes in national or international government policies on the export and import of commercial products; and [h] bankruptcy or other financial problems at major suppliers that could cause disruptions in our supply chain.
