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Cessna Discusses Business Jet Market Outlook at 64th NBAA Annual Meeting and Convention

Dépèche transmise le 9 octobre 2011 par Business Wire

PROVIDENCE, R.I.--(BUSINESS WIRE)--Scott A. Ernest, President & CEO of Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, will discuss the business jet market outlook and provide updates on Cessna during the 64th NBAA Annual Meeting and Convention taking place in Las Vegas, Nev.

Ernest said, “We believe Cessna remains on track to achieve a slight uptick in deliveries of Citation business jets this year, as long as order rates maintain their momentum through the rest of the year. Looking to 2012, based on current market conditions, we also believe that the business jet market will show modest recovery in 2012.”

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 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." These forward-looking statements include statements relating to the anticipated effects of the Offer on earnings, number of shares, earnings per share and shareholders’ equity, the estimated benefit of lower compensation expense, adjusted guidance for earnings per share and estimated 2011 manufacturing cash flow from continuing operations before pension contributions, and include words such as "believe," "expect," "anticipate," "intend", "plan," "estimate," "guidance", "project", "target", "potential", "will", "should", "could", "likely" or "may" and similar expressions intended to identify forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. In addition to those factors described in our Annual Report on Form 10-K for the fiscal year ended January 1, 2011 under "Risk Factors" and from time to time in our other filings with the Securities and Exchange Commission, among the factors that could cause actual results to differ materially from past and projected future results are the following:

  • Changes in worldwide economic or political conditions that impact demand for our products, interest rates or foreign exchange rates;
  • Changes in government regulations or policies on the export and import of commercial products;
  • Legislative or regulatory actions impacting our operations or demand for our products;
  • The efficacy of research and development investments to develop new products or unanticipated expenses in connection with the launching of significant new products or programs;
  • The timing of our new product launches or certifications of our new aircraft products;
  • Our ability to keep pace with our competitors in the introduction of new products and upgrades with features and technologies desired by our customers;
  • Difficult conditions in the financial markets which may adversely impact our customers' ability to fund or finance purchases of our products; and
  • Continued volatility in the economy resulting in a prolonged downturn in the business jet market.

Business Wire

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