Lakeland, FL - April 8, 2008 - Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, continues work on the integration of the new Cessna Bend facility.
Since Cessna acquired the assets of the Bend operations in December 2007, the production facility has received new signage, new lighting and a new customer center. Implementation of Textron Six Sigma has begun to make production more streamlined and efficient while maintaining the high quality and reliability for which the 350 and 400 are known.
Cessna expects deliveries of the 350/400 models to reach 150 this year and plans to increase production rates in 2009 to meet customer demand. Cessna Sales Team Authorized Representatives have placed orders for the remaining 2008 production in anticipation of strong demand from their customers.
Cessna's 350 and 400 models are sleek, low wing, composite aircraft designed for safety, comfort and speed. At a maximum cruise speed of 235 knots, the Cessna 400 is the fastest fixed-gear single-engine piston aircraft on the market. Both the 350 and 400 have dual carbon fiber reinforced wing spars, dual horizontal stabilizer attach-points and multiple hinge points for all control surfaces. The airframes, including the control surfaces, are constructed entirely of fiberglass and carbon fiber, with the landing gear and engine mount being the only primary structures made of steel. The design strength of these two models is demonstrated by their certification in the Utility Category under FAR Part 23, Amendment 46. The Cessna 350 is spin resistant and the 400 is spin recoverable.
Equipped with a 310-horsepower Teledyne Continental TCM IO-550N, the Cessna 350 has a certified ceiling of 18,000 feet and a maximum cruise speed of 190 knots. The twin turbocharger equipped, intercooled TCM TSIO-550C installed in the Cessna 400 enables it to cruise as high as 25,000 feet while its pilot and passengers enjoy the convenience of the 400's standard 4-place, built-in oxygen system.
Like all current Cessna single-engine piston products, the Caravan and the Citation Mustang, the 350 and 400 are equipped with the integrated Garmin G1000 avionics and GFC700 flight control systems, and are backed by Cessna's extensive support network. The aircraft complement Cessna's current product line well, filling the niche between the Cessna 206 Stationair and the Citation Mustang entry level jet. Advanced features of the 350/400 include speed brakes, bleed air heat and many fully redundant systems including dual alternators, dual primary electric power busses and dual batteries. The aircraft also incorporate a G1000 flight management data-entry pad similar to the Citation Mustang. Other unique features include two- and three-axis trim, side-stick controls, digital climate control and remote keyless entry with step lights.
The Cessna 350 and 400 will be on display at the Sun 'n Fun Fly-In April 8-13.
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.