Orlando, FL - October 5, 2008 - Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, reported today at the National Business Aviation Association Meeting and Convention it will begin deliveries of the Citation XLS+ in the coming weeks and the first of the newly certified business jet will be in demo service by the end of October.
The Citation XLS+ achieved Federal Aviation Administration certification on May 30; European Aviation Safety Agency certification is in process and expected to be complete in early 2009. The first four production aircraft have rolled off the assembly line and are in the completion process.
The order book tops 225 for the XLS+, an upgrade of the mid-size XLS. With a global fleet of nearly 680 planes and more than 1.5 million flight hours, the Excel/XLS is the world’s best-selling business jet model. The original Citation Excel was delivered in May 1998, followed by the Citation XLS in July 2004.
The Citation XLS+ features the fully integrated Rockwell Collins Pro Line 21 avionics suite and electronically controlled (FADEC) engines from Pratt & Whitney Canada. Exterior and interior restyling is also integrated into the new model, most prominently the extended contour of the nose and expanded seat widths, both introduced to more closely resemble Cessna’s Citation X and Citation Sovereign models. The Citation XLS+ travels as fast as 440 knots (815 kilometers per hour) with a range of more than 1,858 nautical miles (3,441 kilometers).
About Cessna Aircraft Company
Based on unit sales, Cessna Aircraft Company is the world's largest manufacturer of general aviation airplanes. In 2007, Cessna delivered 1,272 aircraft, including 387 Citation business jets, and reported revenues of about $5 billion. Cessna has a current backlog of $16 billion through June 30, 2008. Since the company was originally established in 1927, some 191,000 Cessna airplanes have been delivered around the world, including more than 5,400 Citations, making it the largest fleet of business jets in the world. More information about Cessna Aircraft Company is available at http://www.cessna.com.
About Textron Inc.
Textron Inc. is a $13.2 billion multi-industry company operating in 34 countries with approximately 44,000 employees. The company leverages its global network of aircraft, defense and intelligence, 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 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.