Wichita, KS - May 10, 2007 - Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, will display its complete line of business jets at the seventh annual European Business Aviation Convention & Exhibition (EBACE) being held May 22-24 at the Geneva Palexpo, immediately adjacent to Geneva International Airport in Switzerland.
Aircraft on static display will include all Cessna's current production jets: Citation Mustang, Citation CJ1+, Citation CJ2+, Citation CJ3, Citation Encore+, Citation XLS, Citation Sovereign and Citation X. Also on static display will be the Turbo Stationair (Model 206), and Grand Caravan with the new Oasis executive interior. Cessna will also exhibit a mockup of its Large Cabin Concept (LCC) business jet currently under evaluation.
The LCC mockup, unveiled in October, will be displayed at EBACE for the first time to gather market feedback from European customers to help determine customer requirements for this class of aircraft, and to gauge market demand.
"It is important for us to continue to gather information from our international customers as the business jet market outside the U.S. continues to grow," Chairman, President and Chief Executive Officer Jack Pelton said. "In 2006, business jet orders outside the U.S. accounted for 48 percent of our total orders, which is a significant increase compared to the past few years."
Pelton will be available for questions at Cessna's press conference on Monday May 21st, at 4 p.m. (local time) in Hall 7, Salon 2. Cessna Senior Vice President, Sales & Marketing Roger Whyte, and other Cessna senior executives will also be available for media interviews throughout the event.
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 http://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 http://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.