Wichita, KS - June 24, 2008 - Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, has awarded its Platinum Award to Northway Aviation for exceptional performance in the Cessna Pilot Center (CPC) network. The award was presented by Cessna CPC Western Regional Manager Jim Pitman to Northway Aviation owners Jim and Jill Grant at the Cessna Pilot Center Seminar in June in San Luis Obispo.
Northway Aviation is an exceptional Cessna Pilot Center, Pitman said. The Grants and their team have a long track record of providing excellent instruction and customer service. This Platinum Award is Cessna's acknowledgement of the hard work and dedication so evident in all of their activities.
I'm honored to accept this award on behalf of all our flight instructors and staff, Jim Grant said. We would not have been able to accomplish all that we have if it hadn't been for the support and guidance Cessna provides. Everything from Cessna sales, finance, service, and our CPC regional manger - everyone has provided wonderful support to our operations.
Located at Paine Field in Everett Washington, Northway Aviation has a fleet of thirteen Cessna aircraft, including a new Cessna 400. The school also has three 162 SkyCatchers on order.
In presenting the Platinum Award, Cessna considers a number of factors in evaluating CPC performance including facilities, training, equipment and general operations.
Cessna's extensive network of approximately 300 CPCs around the world was established more than 35 years ago. The average time for students to obtain their private pilot's certificate while using Cessna's computer-based instruction training course is only 54.5 hours, almost 30 percent less than the national average, resulting in less expense for the student and a more efficient learning process.
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 $14.5 billion. Since the company was originally established in 1927, some 190,000 Cessna airplanes have been delivered to nearly every country in the world. The global fleet of more than 5,100 Citations is 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 $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.