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Cessna to Ramp Up Citation X Production.


WICHITA Wichita, indigenous people of North America
Wichita (wĭch`ĭtô), Native North Americans whose language belongs to the Caddoan branch of the Hokan-Siouan linguistic stock (see Native American languages).
, Kan Kan, river, China: see Gan. . -- Cessna Aircraft Company, a Textron Inc. (NYSE NYSE

See: New York Stock Exchange
: TXT TXT Text
TXT Text File (filename extension)
TXT Textile
TXT Teletext
TXT Tecnologia per a Tothom
TXT Textron Corporation (stock symbol) 
) company, announced today that it will increase production of its Citation Citation

(foaled 1945) U.S. Thoroughbred racehorse. In four seasons he won 32 of 45 races, finished second in ten, and third in two. He won the 1948 Triple Crown, and became the first horse to win $1 million. He set a world record in 1950 by running a mile in 1:33 3/5.
 X business jet over the next five years.

"Orders for the Citation X have been increasing and, as a result, we will be increasing production more than 65 percent from 2006 to 2010 to meet the growing demand for this popular aircraft," said Roger Whyte, senior vice president of sales and marketing. "The exceptional speed, reliability and cabin comfort offered by the X have contributed to its great success."

More than 260 Citation Xs have been delivered to customers around the world and the backlog Backlog

The total value of sales orders waiting to be fulfilled.

Notes:
This figure is used mainly in the manufacturing industry. Increases or decreases in a company's backlog indicate the future direction of sales and earnings.
 for the aircraft extends well into 2008. The fleet has amassed almost 1 million flight hours over its 10-year history. With a top speed of .92 Mach, the Citation X is not only the world's fastest business jet but the fastest civil aircraft flying today.

Cessna Aircraft Company delivered 1,239 aircraft in 2006, maintaining its leadership position as the world's largest manufacturer of general aviation aircraft. Of that total, Cessna delivered 307 business jets, more than any other manufacturer, and expects to deliver 375 jets in 2007.

"Our traditionally strong U.S. market will remain so in the near future, but the business jet market outside the U.S. continues to grow," Whyte said. "As an example, business jet orders outside the U.S. accounted for 48 percent of our total orders last year."

Cessna's revenues for 2006 were $4.2 billion, up from $3.5 billion a year ago.

Based on unit sales unit sales

Sales measured in terms of physical units rather than dollars. Unit sales data are often used by financial analysts when evaluating the health of a company.
, Cessna Aircraft Company is the world's largest manufacturer of general aviation airplanes. In 2006, Cessna delivered 1,239 aircraft, including 307 Citation business jets, and reported revenues of about $4.2 billion and a backlog of $8.5 billion. Since the company was originally established in 1927, more than 189,000 Cessna airplanes have been delivered to nearly every country in the world. The global fleet of almost 5,000 Citations is the largest fleet of business jets in the world. More information about Cessna Aircraft Company is available at www.cessna.com.

Textron Inc. is an $11 billion multi-industry company operating in 32 countries with approximately 40,000 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 Bell Helicopter Textron is an American helicopter and tiltrotor manufacturer headquartered in Fort Worth, Texas. A division of Textron, Bell manufactures military helicopter and tiltrotor products in the United States (primarily in and around Fort Worth as well as in Amarillo, , Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, Fluid & Power, Textron Systems and Textron Financial Corporation. More information is available at www.textron.com.

Forward-looking Information: Certain statements in this report are forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 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 INTERRUPTION. The effect of some act or circumstance which stops the course of a prescription or act of limitation's.
     2. Interruption of the use of a thing is natural or civil.
 of production at Textron facilities or Textron's customers or suppliers; [c] the occurrence of slowdowns or downturns in customer markets in which Textron products are sold or supplied or where Textron Financial offers financing; and [d] changes in aircraft delivery schedules or cancellation of orders.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 7, 2007
Words:561
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