Geneva - May 19, 2008 - Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, announced today at the European Business Aviation Convention & Exhibition (EBACE) that it has teamed with Dallas Airmotive to offer a program for owners of Citation business jets powered by Pratt & Whitney JT15D engines.
The EngiNEWity Citation Engine Program controls costs and guarantees a 45-day turn time for overhauls designed to enhance JT15D performance, efficiency and reliability.
“EngiNEWity gives our customers added value, shortens their turnarounds and cuts their costs. Citation operators receive the option of a total price guarantee at the engine pre-qualification inspection or they get a fixed price plus replacement parts,” said Cessna Service Facilities Vice President Stan Younger.
Under the Total Price Guarantee option, the price quoted at the engine pre-qualification inspection is exactly the amount the customer will pay, even if high-cost replacement parts are necessary to complete the JT15D overhaul. Brackets and harnesses are included, and this guarantee covers all applicable Category 1-6 Service Bulletins.
The Flat Rate Core Plus option provides one fixed price to cover every element of a JT15D overhaul, with the exception of replacement parts. Covered costs include labor, refurbishment, outside vendor charges, as well as rotable parts. The only replacement parts that customers pay for are those required to overhaul the engine.
Engines are removed for overhaul at any of Cessna's 10 worldwide Citation Service Centers, including the Paris Citation Service Center. The company's dedicated customer service representatives manage the rest of the process. Engines in the EngiNEWity Citation Engine Program are covered under a 100-percent parts and labor warranty by Dallas Airmotive for 10 years or 3,500 hours.
“As an approved Pratt & Whitney Canada Distributor & Designated Overhaul Facility, Dallas Airmotive offers a wide variety of JT15 repair and overhaul services,” said Dennis DiMarco, Dallas Airmotive vice president of Domestic Sales. “We are pleased to collaborate with the Citation Service Centers to bring another elevated level of service to Citation and JT15D customers with EngiNEWity.”
About Textron Systems
Textron Systems Corporation has been providing innovative solutions to the defense, homeland security and aerospace communities for over 50 years. Known for its precision smart weapons, intelligent battlefield systems, surveillance systems, intelligence software solutions, aircraft control components, piston engines, armored vehicles and unmanned aircraft systems, Textron Systems includes AAI, HR Textron, Lycoming Engines, Overwatch Geospatial Operations, Overwatch Tactical Operations, Textron Defense Systems, and Textron Marine & Land Systems. Textron Systems Corporation is an indirect wholly owned subsidiary of Textron Inc. More information is available at www.textronsystems.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, defense and intelligence, 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.