Textron's Cessna Receives $280 Million Order from Europe's JetAlliance for 25 Citation Business Jets

May 24, 2007

Geneva - May 24, 2007 - Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, announced today at the European Business Aviation Convention & Exhibition (EBACE) that JetAlliance has placed an order for 25 Citation business jets valued at $280 million.

The order is comprised of one CJ1+, six CJ2+, five CJ3, three XLS+, one Sovereign, two Citation X, and seven Citation Mustang aircraft. Deliveries will take place in 2009 and 2010.

JetAlliance, based in Vienna, Austria, is the third largest charter operator in Europe and is an authorized Cessna sales representative. According to JetAlliance's Chief Executive Officer Lukas Lichtner-Hoyer, "These aircraft will be used to further extend our reach into eastern and central Europe."

"This order continues Cessna's global market expansion and is further evidence that the value and performance delivered in our line of Citation business jets meets the needs of today's leading charter operators," said Cessna Senior Vice President of Sales & Marketing Roger Whyte.

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, more than 189,000 Cessna airplanes have been delivered to nearly every country in the world. The global fleet of almost 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 report 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 or where Textron Financial offers financing; and (d) changes in aircraft delivery schedules or cancellation of orders.

Connect with Textron IR

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

Email Alert

Enter your Email *
Mailing Lists *





 
Enter the code shown above.