Cessna Citation Mustang Fleet Closing in on 400

October 09, 2011

Las Vegas, NV – October 9, 2011 – Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, said at the NBAA Annual Meeting and Convention its popular Citation Mustang is reaching a fleet size of nearly 380 aircraft and more than 175,000 hours.

“The Mustang remains a very popular aircraft and sales remain strong,” said Brian Rohloff, Cessna’s Citation Mustang and M2 business leader. “Its ease of operation makes it a great aircraft for someone just transitioning into a jet. Its low operating costs, along with its competitive price, makes it a great value for the individual owner as well as larger flight departments.”

The Mustang’s most common use is corporate business or personal travel. Its second most common use is air taxi service. In growing popularity, the Mustang is also being used for special missions as medical air transport and as an airline flight training tool.

The worldwide fleet of Mustangs is averaging 480 hours, with 45 Mustangs having accumulated more than 1,000 hours each. High time Mustangs are 1,600 hours (typical operation) and 2,200 hours (fleet operation).

Two Citation Mustangs are featured at Cessna’s static display at Henderson Executive Airport (KHND). One Mustang is used for medical special missions and the other is a High Sierra edition.

The Citation Mustang is the world’s first fully certified entry-level business jet. The program was announced at the 2002 National Business Aviation Association convention and the aircraft made its first flight in April 2005. Coming in at just over $3 million (2011 delivery), the Mustang features Garmin avionics, Pratt & Whitney Canada engines and boasts a maximum 1,100-nautical mile range.

About Cessna Aircraft Company
Cessna is the world’s leading general aviation company. Since its inception in 1927, Cessna has designed, produced and delivered more than 192,500 airplanes around the globe. This includes more than 6,100 Citation business jets, making it the largest fleet of business jets in the world. Today, Cessna has two principal lines of business: aircraft sales and aftermarket services. Aircraft sales include Citation business jets, Caravan single-engine utility turboprops, single-engine piston aircraft and lift solutions by CitationAir. Aftermarket services include parts, maintenance, inspection and repair services. In 2010, Cessna delivered 535 aircraft, including 179 Citation business jets, and reported revenues of $2.6 billion. More information about Cessna Aircraft Company is available at 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 textron.com.

Connect with Textron IR

Eric Salander, Vice President, Investor Relations
(401) 457-2288
Cameron Vollmuth, Manager,
Investor Relations (401) 457-2288

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