Wichita, KS - February 28, 2008 - Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, completed a successful visit to the Asian Business Aviation Conference & Exhibition Forum 2008 on Feb. 14 in Hong Kong and the Singapore Airshow Feb. 19-24 by wrapping up orders for 74 aircraft, with an estimated value of more than $219 million.
Cessna announced several agreements that were finalized in time for the Singapore Airshow: private aviation services provider BJETS placed an order for 20 Citation CJ2+ business jets worth approximately $150 million; India-based Chimes Aviation ordered 11 Skyhawk 172Rs and nine Skyhawk turbo-diesel models; and Susi Air of Indonesia ordered six Grand Caravan 208Bs.
On top of those orders, Cessna officials returned to Wichita with purchase agreements for an additional 17 single-engine pistons, nine Caravan turboprop aircraft and two Citation business jets. The orders span the company's product line, from the Citation X to the new Skyhawk turbo-diesel model. The newly-ordered aircraft are destined for Australia, China, India, Indonesia, the Philippines, South Korea and other locations throughout the Asia-Pacific region.
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 $12.6 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, 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.