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Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, has
seen an increase in sales activity for the Citation Mustang in the
past few months following its certification, according to Todd Duhnke,
Cessna director of International Sales.
"The Mustang makes perfect sense for businesses across Australia,
and in New Zealand," Duhnke said. "Performance, price and reliability
are all meeting our original projections, and sales have really
accelerated since gaining full type certificate in September."
Duhnke said the first Citation Mustang will arrive in Australia in
August and will be used as a demonstrator. The aircraft was ordered by
Aeromil Pacific, Cessna's authorized sales and service representative
at Bankstown Airport in Sydney. The second Mustang for Australia was
ordered by a Queensland businessman who plans to fly the aircraft
himself.
Cessna, through Aeromil, recently made its first Citation Mustang
sale to a customer in New Zealand, Duhnke added.
The Citation Mustang gained certifications for single-pilot
operations as part of its overall U.S. Federal Aviation Administration
(FAA) certification last September. The Mustang gained full production
certification in November. Cessna will deliver 40 Citation Mustangs in
2007, and ramp up to 100 aircraft in 2008.
Based on unit sales, Cessna Aircraft Company is the world's
largest manufacturer of general aviation airplanes. In 2006, Cessna
delivered 1,239 aircraft, including 307 Citation business jets, and
reported revenues of about $4.2 billion and a backlog of $8.5 billion.
Since the company was originally established in 1927, more than
189,000 Cessna airplanes have been delivered to nearly every country
in the world. The global fleet of almost 5,000 Citations is the
largest fleet of business jets in the world. More information about
Cessna Aircraft Company is available at www.cessna.com.
Textron Inc. is an $11 billion multi-industry company operating in
32 countries with approximately 40,000 employees. The company
leverages its global network of aircraft, 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, Fluid & Power, Textron Systems and Textron
Financial Corporation. More information is available at
www.textron.com.
Forward-looking Information: Certain statements in this report 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 Textron facilities or Textron's customers or suppliers; (c) the
occurrence of slowdowns or downturns in customer markets in which
Textron products are sold or supplied or where Textron Financial
offers financing; and (d) changes in aircraft delivery schedules or
cancellation of orders.
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