Textron's Cessna Details New Citation Columbus Aircraft; Announces Key Suppliers

February 06, 2008

Washington, DC - February 6, 2008 - Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, today revealed at a press conference details of the recently announced large cabin, intercontinental aircraft, the Model 850 Citation Columbus. Cessna was given the go-ahead for the program by the Textron board of directors on Jan. 23.

The Citation Columbus is designed for intercontinental travel with a target range of 4,000 nautical miles (7,408 kilometers) at Mach .80 carrying eight passengers. Joining Cessna on the program are Pratt & Whitney Canada, a United Technologies (NYSE: UTX) company, with its new PW810 engine and Rockwell Collins (NYSE: COL), supplying its Pro Line Fusion(TM) advanced avionics system. Cessna has reached an agreement in principle with Spirit AeroSystems (NYSE: SPR) to produce the fuselage and empennage. Details will be finalized in the coming weeks.

The all-new aircraft is Cessna's largest business jet to date, and is expected to lead its segment with its combination of speed and range. The aircraft's large, comfortable cabin is expected to exceed top competitor passenger seating room. The Columbus follows the design philosophy of other Citations by using an aluminum airframe, and it contains structural and cabin interior features to maximize interior cabin space.

"We've spent the past five years deepening our customer and segment knowledge so that we can be sure we are introducing a transcontinental aircraft that the market wants," said Jack J. Pelton, chairman, president and CEO of Cessna. "The Citation Columbus is being designed to be the best value proposition in its class. It will be manufactured with a strong focus on reliability and ease of maintenance.

"This provides the perfect platform at the top end of our product line for customers looking for more space, more range, more economy and more capability. This aircraft will be Cessna's greatest achievement."

The Citation Columbus is expected to be the only aircraft in its class capable of 4,000 nautical miles (7,408 kilometers) non-stop at Mach .80. Preliminary performance numbers set a maximum cruise speed of 488 knots (904 kilometers per hour, Mach .85), a maximum operating speed of Mach .86, a full fuel payload of 1,950 pounds (886 kilograms) and takeoff field length of 5,400 feet (1,646 meters) at maximum takeoff weight.

"In naming this new model, we looked for a word that embodies the spirit of our company and the performance of this airplane," Pelton said. "With an adventurous and visionary attitude, explorer Christopher Columbus is globally recognized as one of the first to cross the Atlantic Ocean. That inspired us as we worked toward our design goal. The Columbus opens up so many non-stop transcontinental routes: Munich to New York, London to Dubai, Sydney to Singapore, Sao Paulo to Miami, and many other trips."

The 850 boasts a total length of 77 feet (23.5 meters) and a wingspan of 80 feet (24.4 meters), with interior and exterior storage compartments. Its cabin length of 36.3 feet (11.1 meters) including interior baggage space is the longest in its class by nearly two feet.

Configurable for up to ten passengers, the cabin has generous seating room and a low flat floor that provides standing aisle height of 73 inches (1.85 meters). The interior balances style and functionality while providing comfort, features and the flexibility passengers expect with intercontinental range. Crew seats, passenger seats, forward jump seat and an optional couch are all-new designs.

Cessna's engineering team and its co-development suppliers have designed the clean-sheet Columbus to be one of the most advanced, fuel-efficient, cleanest business jets ever conceived.

The newly engineered wing is moderately swept, and the entire aircraft surface is contoured based on results from the computational fluid dynamics analysis and wind tunnel verification, which allow for a design that supports the highest speeds with the highest efficiency and least amount of drag.

The 850 will debut Pratt & Whitney Canada's next-generation, 8,830 pound-thrust PW810, an environmentally friendly engine that features reductions in fuel burn, emissions and noise. The PW810 engine, which takes advantage of the latest proven advances in material, aerodynamic and design technologies, will offer high reliability at entry into service as well as thrust growth capability.

The cockpit will feature Pro Line Fusion(TM) avionics from Rockwell Collins, which combines the proven capabilities of Pro Line 21 with significant technological advancements. The fully integrated flight deck has four landscape high-resolution 15-inch liquid crystal displays working in concert with graphical flight planning, synthetic-enhanced vision, auto throttle, Rockwell Collins' award-winning MultiScan(TM) Hazard Detection system and an optional head-up display.

The initial price estimate for the Citation Columbus is $27 million in 2008 U.S. dollars. Cessna plans to achieve Federal Aviation Administration certification by the end of 2013, with deliveries beginning in 2014.

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 http://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 http://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.

Connect with Textron IR

Eric Salander, Vice President, Investor Relations
(401) 457-2288
Jeffrey Trivella, Manager,
Investor Relations (401) 457-2288

Email Alert

Enter your Email *
Mailing Lists *





 
Enter the code shown above.