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Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company,
announced today at the European Business Aviation Convention &
Exhibition (EBACE) that the Citation Mustang has achieved European
Aviation Safety Agency (EASA) certification, making it the first
new-generation entry level business jet to be certified in Europe.
"The Citation Mustang has met or exceeded every performance
objective established when we announced the program in 2002," said
Cessna's Chairman, President and CEO Jack J. Pelton. "The Mustang is
proving its capability in the United States where several
owner-operators are currently flying their new airplanes. We're
looking forward to starting deliveries of the Mustang in Europe later
this summer."
The six-place Citation Mustang has a top speed of 340 ktas (nearly
400 miles per hour/644 kilometers per hour), a range of 1,150 nautical
miles (1,323 statute miles/2,130 km - NBAA IFR Reserves) and a service
ceiling of 12,500 m (41,000 feet).
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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