News Releases
Cessna's Citation CJ3 and Sovereign Make Robb Report's 'Best of the Best'
WICHITA, Kan., June 24, 2010 - Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, announced today its Citation CJ3 and Citation Sovereign made Robb Report’s annual “Best of the Best” in their respective categories.
For the second consecutive year, the Citation CJ3 has been selected “Best of the Best” in the Light business jet category. The CJ3 is recognized for its speed, range, comfort, performance and single-pilot capabilities.
The Citation Sovereign was selected “Best of the Best” for the Super Midsize business jet category for its “remarkable short-field performance” as well as its range, comfort and overall value.
The Citation CJ3 received Federal Aviation Administration certification in October 2004. It has a maximum cruise speed of 417 knots at 33,000 feet. With two pilots, four passengers and baggage, the CJ3 offers more than 1,600 nautical miles of range with NBAA IFR reserves. Service ceiling is 45,000 feet and the maximum gross takeoff weight is 13,870 pounds.
Cessna expects to deliver its 300th Citation Sovereign later this year. The first Sovereign was delivered in late 2004. Certified for operations to 47,000 feet, the Sovereign can take off from airfields as short as 3,640 feet and has a range of 2,847 nautical miles and a maximum cruise speed of 458 knots true airspeed.
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Cessna is the world’s leading general aviation company, based on unit sales, with five major lines of business: Citation business jets, Caravan single-engine turboprops, Cessna single-engine piston aircraft, aftermarket services and lift solutions by CitationAir. In 2009, Cessna delivered 754 aircraft, including 289 Citation business jets, and reported revenues of about $3.3 billion. Since the company was originally established in 1927, more than 192,000 Cessna airplanes have been delivered around the world, including more than 6,000 Citations, making it the largest fleet of business jets in the world. More information about Cessna Aircraft Company is available at www.cessna.com.
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 cancellations or deferrals 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; [h] bankruptcy or other financial or performance problems at major suppliers or subcontractors that could cause disruptions in our supply chain; [i] continued difficult conditions in the financial markets resulting in adverse impacts to our customers, including difficulty in obtaining financing for the purchase of our products; and [j] continued volatility in the economy resulting in a prolonged downturn in the business jet market.





