Cessna Well-Positioned for Resurgent Growth of Middle East Markets

November 16, 2009
Dubai - November 16, 2009 - Trevor Esling, vice president, International Sales, Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, said today at the Dubai Airshow that the company’s range of Citation business aircraft is well-positioned to meet the needs of the Middle East over the coming years.

Esling said: “In common with most markets, the Middle East has felt the impact of the financial crisis. However, the region’s dynamic economies will continue to grow through their ambitious development plans. As this process accelerates once more, business aviation will be an important enabler for rising prosperity.

“The Citation range is ideal for the region’s new commercial leaders. Customers are increasingly balancing their wish for the time-saving advantages of business aviation with a pragmatic assessment of cost. Cessna fares extremely well under this analysis, with our wide range of light and mid-size jets combining comfort, performance and value.

“Whether an owner is looking for short-range regional transportation with our entry-level Citation Mustang or rapid intercontinental travel with a Citation X, Cessna is able to provide an ideal and compelling solution.”

About Cessna Aircraft Company
Based on unit sales, Cessna Aircraft Company is the world's largest manufacturer of general aviation airplanes. In 2008, Cessna delivered 1,301 aircraft, including 467 Citation business jets, and reported revenues of about $5.662 billion. Since the company was originally established in 1927, some 192,000 Cessna airplanes have been delivered around the world, including more than 6,000 Citations, making it the largest fleet of business jets in the world. More information about Cessna Aircraft Company is available at www.cessna.com.

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 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 cancellations or deferrals 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; [h] bankruptcy or other financial or performance problems at major suppliers or subcontractors that could cause disruptions in our supply chain; [i] continued difficult conditions in the financial markets resulting in adverse impacts to our customers, including difficulty in obtaining financing for the purchase of our products; and [j] continued volatility in the economy resulting in a prolonged downturn in the business jet market.

Connect with Textron IR

David Rosenberg, Vice President, Investor Relations
(401) 457-2288
Kyle Williams, Manager, Investor Relations
(401) 457-2288

Email Alert

Enter your Email *
Mailing Lists *

 
Enter the code shown above.