Oshkosh, WI - July 27, 2009 - Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, announced today an order for five Citation Mustangs from Singapore Flying College in Australia to support its advanced training program. The order came through Aeromil Pacific, Cessna’s authorized sales representative in Australia.
The five aircraft are part of Aeromil’s backlog of Citations and are already included in Cessna’s order book. The announcement was made at the Experimental Aircraft Association’s annual week-long conference - AirVenture 2009.
Singapore Flying College is a wholly owned subsidiary of Singapore Airlines and is responsible for ab initio and advanced pilot training. It has its advanced training facility at the Sunshine Coast Airport in Queensland and currently operates four aircraft, two simulators and a college campus, producing up to 200 graduates each year. Aeromil Pacific provides maintenance and other support elements for the college and will further develop its Citation service capabilities in Queensland later in 2009.
The five new Cessna Citation Mustangs will be delivered over the next three years. The arrival of the first Mustang on the Sunshine Coast Airport is scheduled for early 2010, along with two full flight level D Mustang Simulators later in the year.
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About Cessna Aircraft Company
Based on unit sales, Cessna Aircraft Company is the world's largest manufacturer of general aviation airplanes. In 2008, Cessna delivered 1,301 aircraft, including 467 Citation business jets, and reported revenues of about $5.662 billion. Since the company was originally established in 1927, some 192,000 Cessna airplanes have been delivered around the world, including more than 5,700 Citations, making it 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 multi-industry company that leverages its global network of aircraft, defense, 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, and Textron Systems. 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.