Atlanta, GA - September 24, 2007 - Confirming continued growth in the international business aircraft market, Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, today announced at the National Business Aviation Association annual meeting that it has received a significant order from Japan Aerospace Corporation, a subsidiary of ITOCHU Corporation.
The order includes three CJ2+, one CJ4, one Encore+, one XLS+, three Caravans and three SkyHawks. A signing ceremony will take place in the Mustang conference room at the Cessna booth (#8550), Hall B on Tuesday, Sept. 25 at 10:30 a.m. Eastern Standard Time.
"Our relationship with Japan Aerospace Corporation and its preceding organizations spans more than 50 years," said Cessna's Director of International Sales, Todd Duhnke. "As our authorized sales representative they have helped make the Cessna Citation jets the most widely used business jets in Japan. The Caravan has also been a great success as a special mission platform. As evidenced with this order from Japan, we continue to enjoy truly exciting growth throughout the entire Asian market."
Based in Tokyo, Japan Aerospace Corporation is the exclusive authorized sales representative for Cessna in Japan. The company's origins date back to Nozaki & Co. Ltd., which pioneered the Japanese aerospace industry in 1952.
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 and a backlog of $8.5 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 5,000 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.
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 Textron facilities or Textron's customers or suppliers; [c] the occurrence of slowdowns or downturns in customer markets in which Textron products are sold or supplied; [d] changes in aircraft delivery schedules or cancellation of orders; and [e] changes in national or international government policies on the export and import of commercial products.