"Remarkable Gains, Significant Achievements" for Cessna in 2005

January 26, 2006

Wichita, KS – January 26, 2006 – Cessna Aircraft Company Chairman, President and CEO Jack Pelton today reported that the company made "remarkable gains and significant achievements" in 2005. He attributed the year's success to "a world class Cessna team, award winning customer support, a broad product line that is responsive to the marketplace, emerging global markets, and implementation of lean manufacturing processes."

During the year, Cessna delivered 249 Citation jets, 822 single engine pistons, and 86 Caravan single-engine turboprops; won FAA certification for two new jets - the CJ1+ and CJ2+; and built its order book up to 788 jets and 1,198 single engine aircraft with a total value of $6.3 billion. The company also achieved significant refinement of its processes through implementation of the Textron Six Sigma Lean program, resulting in a more efficient, leaner company.

Pelton said, "We are most proud of the strides we have made with our customers through our 'Taking Care of Customers is Taking Care of Business' initiative, which was demonstrated when both Professional Pilot Magazine and Aviation International News named Cessna top in its class for customer support."

Also during 2005 the company received type certification for the Garmin G1000-equipped Skyhawk; delivered the 6,000th single engine piston airplane since the restart of production in 1996; and unveiled the Encore+ at the National Business Aviation Association annual convention.

"As good as 2005 was, we expect 2006 to be even better," Pelton said.

Based on unit sales, Cessna is the world's largest manufacturer of general aviation aircraft. Since the company was originally established in 1927, more than 186,000 Cessna airplanes have been delivered to nearly every country in the world. The global fleet of more than 4,500 Citations is the largest fleet of business jets in the world. More information about Cessna Aircraft Company is available at www.cessna.com. Cessna Aircraft Company is a subsidiary of Textron Inc. (TXT), a $10 billion, multi-industry company with 46,000 employees in 36 countries.

Forward-looking Information: Certain statements in this report and other oral and written statements made by Textron from time to time are forward-looking statements, including those that discuss strategies, goals, outlook or other non-historical matters; or project revenues, income, returns or other financial measures. These 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. 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 the following: [a] changes in worldwide economic and political conditions that impact interest and foreign exchange rates; [b] the interruption of production at Textron facilities or Textron's customers or suppliers; [c] Textron's ability to perform as anticipated and to control costs under contracts with the U.S. Government; [d] the U.S. Government's ability to unilaterally modify or terminate its contracts with Textron for the Government's convenience or for Textron's failure to perform, to change applicable procurement and accounting policies, and, under certain circumstances, to suspend or debar Textron as a contractor eligible to receive future contract awards; [e] changes in national or international funding priorities and government policies on the export and import of military and commercial products; [f] the adequacy of cost estimates for various customer care programs including servicing warranties; [g] the ability to control costs and successful implementation of various cost reduction programs; [h] the timing of certifications of new aircraft products; [i] the occurrence of slowdowns or downturns in customer markets in which Textron products are sold or supplied or where Textron Financial offers financing; [j] changes in aircraft delivery schedules or cancellation of orders; [k] the impact of changes in tax legislation; [l] the extent to which Textron is able to pass raw material price increases through to customers or offset such price increases by reducing other costs; [m]Textron's ability to offset, through cost reductions, pricing pressure brought by original equipment manufacturer customers; [n] Textron's ability to realize full value of receivables and investments in securities; [o] the availability and cost of insurance; [p] increases in pension expenses related to lower than expected asset performance or changes in discount rates; [q] Textron Financial's ability to maintain portfolio credit quality; [r] Textron Financial's access to debt financing at competitive rates; [s] uncertainty in estimating contingent liabilities and establishing reserves to address such contingencies; [t] performance of acquisitions; [u] the efficacy of research and development investments to develop new products; [v] bankruptcy or other financial problems at major suppliers or customers that could cause disruptions in Textron's supply chain or difficulty in collecting amounts owed by such customers; and [w] Textron's ability to execute planned dispositions.

Connect with Textron IR

Eric Salander, Vice President, Investor Relations
(401) 457-2288
Cameron Vollmuth, Manager,
Investor Relations (401) 457-2288

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