Cessna Receives Business Jet Order for Italian Market

October 03, 2007
Wichita, KS - October 3, 2007 - Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, today announced an order for 14 Citations from S.C.S. Maretti, Cessna's authorized sales representative for Italy. Marisa Maretti, based in Monaco, finalized the contracts at the National Business Aviation Association annual meeting last week in Atlanta.

The order consists of eight Citation Mustangs, one Citation CJ2+, two Citation CJ3s, one CJ4, and two XLS+ aircraft. Deliveries start in May 2009.

"The growth of business aviation in Italy is following the trend across Europe," said Trevor Esling, vice president, International Sales. "More and more people see the efficiency of flying when and where they need to be throughout the region. Signora Maretti continues to stay ahead of market demand in serving this important region of Europe."

Esling said the range of products in demand in Italy reflects the various requirements there coming from individuals and from pan-European businesses.

"The Mustang, CJ series and XLS+ are the ideal mix of aircraft for Italy and reflect the current market conditions and demand that we are seeing," Esling said.

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. Cessna has a current backlog of $11 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 5,000 Citations is the largest fleet of business jets in the world. More information about Cessna Aircraft Company is available at 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 www.textron.com.

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.