Citation Latitude extends reign as most delivered midsize business jet

February 27, 2018

WICHITA, Kan. (Feb. 27, 2018) – Textron Aviation Inc. , a Textron, Inc. (NYSE: TXT) company, announced that, for the second consecutive year, the Cessna Citation Latitude earned the title as the category’s most delivered business jet. Citation Latitude 2017 deliveries increased by 30 percent from 2016, to 54 deliveries, further cementing its position as one of the world’s best-selling business jets since its entry into service in 2015.

“We are thrilled to see the Latitude continue its reign as the most delivered business jet in its class, a clear testament that our product development strategy is both resonating with customers and helping to invigorate the market,” said Scott Ernest, president and CEO. “In less than two and a half years, the Latitude is on track to become a billion-dollar business, making it one of the most successful and sought after aircraft on the market. As the Latitude continues to gain traction with customers across the globe, its success is paving the way for the super midsize Citation Longitude.”

Since its entry into service in 2015, the Citation Latitude has redefined the expectations of a midsize business jet, delivering large-cabin comfort and best-in-class operating costs. Today, the aircraft is certified in 43 countries, and the global fleet of 112 aircraft has surpassed 65,000 flight hours.

Throughout 2017 the Citation Latitude program reached multiple milestones, including increased operational capability with steep approach certification, delivery of the platform’s first medevac configuration and delivery of the 100th aircraft.

The Latitude, with a four-passenger range of 2,700 nautical miles (5,000 km) at high-speed cruise, is set apart from the competition by its combination of comfort and efficiency. The aircraft’s class-leading take-off field length of 3,580 feet provides operators with greater range out of short fields. Inside, the Latitude offers an unrivaled cabin experience featuring the most open, spacious, bright and refined cabin environment in its category. With a flat floor and six feet of cabin height, innovation abounds with exceptional features designed throughout the aircraft.

Textron Aviation’s wireless cabin management system provides productive connectivity and entertainment to each passenger through their personal electronic devices. Improving cabin comfort for passengers and crew alike, the Latitude features a new cabin cooling system and a new pressurization system which provides a 5,950-foot cabin altitude at the aircraft’s maximum operating altitude of 45,000 feet. With standard seating configurations, the Latitude can comfortably accommodate up to nine passengers. Extended maintenance intervals provide owners with the lowest direct operating costs in the midsize segment.

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About Textron Aviation Inc.
Textron Aviation Inc. is the leading general aviation authority and home to the Beechcraft, Cessna and Hawker brands, which account for more than half of all general aviation aircraft flying. For more than 90 years, the Textron Aviation brands have represented unrivaled innovation, performance and leadership in the industry, offering an unmatched value proposition rooted in the total ownership experience. Leveraging unparalleled speed-to-market, Textron Aviation provides the most versatile and comprehensive business and general aviation product portfolio in the world through five principal lines of business: business jets, general aviation and special mission turboprop aircraft, high performance piston aircraft, military trainer and defense aircraft and a complete global customer service organization. Textron Aviation has delivered more than 250,000 aircraft in over 143 countries. Its broad range of products include such best-selling aircraft as Citation business jets, King Air and Caravan turboprops and T-6 military trainer aircraft, all of which are backed by the industry’s most capable global service network. For more information, visit www.txtav.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, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, Textron Off Road, Arctic Cat, Textron Systems, and TRU Simulation + Training. For more information, visit: www.textron.com.

Certain statements in this press release are forward-looking statements which may project revenues or describe strategies, goals, outlook or other non-historical matters; these statements 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 statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, the efficacy of research and development investments to develop new products or unanticipated expenses in connection with the launching of significant new products or programs; the timing of our new product launches or certifications of our new aircraft products; our ability to keep pace with our competitors in the introduction of new products and upgrades with features and technologies desired by our customers; changes in government regulations or policies on the export and import of our products; volatility in the global economy or changes in worldwide political conditions that adversely impact demand for our products; performance issues with key suppliers or subcontractors; difficult conditions in the financial markets which may adversely impact our customers’ ability to fund or finance purchases of our products; and demand softness or volatility in the markets in which we do business.

Media Contact:
Lindsay Williams
+1.316.517.1616
lwilliams03@txtav.com
txtav.com

Connect with Textron IR

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

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