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Cessna to Exhibit Unique Collection of Aircraft at AirVenture 2008

Written by thomas · Filed Under Aeronautics News 

July 23, 2008

thomas

WICHITA, Kan., July 23, 2008 – Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, will feature a mix of historic, updated and new aircraft July 28-Aug. 3 at the Experimental Aircraft Association’s annual week-long conference in Oshkosh, Wis.

Exactly one year after launching the light sport aircraft program, Cessna will bring to AirVenture 2008 the first production SkyCatcher. The Model 162 recently was equipped with a production interior and finished in the production paint scheme. The SkyCatcher joins a static display featuring Cessna’s entire line of single-engine pistons – the Skyhawk SP, Skylane, Turbo Stationair and the Cessna 350 and 400, which make their Oshkosh debut since Cessna acquired certain assets of the Bend, Ore., operation and rebranded the high-performance, low-wing composite aircraft.

Cessna’s exhibit will feature another original: the first Cessna 150 trainer manufactured by the company. The aircraft has been refurbished by the University of North Dakota to honor the 40th anniversary of its John D. Odegard School of Aerospace Sciences.

Also scheduled to participate in this year’s static display are a Grand Caravan and Caravan Amphibian. Both aircraft are outfitted with Garmin G1000 integrated avionics, which Cessna recently certified with the Federal Aviation Administration and European Aviation Safety Agency. Cessna customers will now find the G1000 package standard equipment on aircraft from the Skyhawk to the Citation Mustang.

Rounding out Cessna’s exhibit are three Citation business jets – the entry level Citation Mustang, the light Citation CJ2+ and a pre-owned Citation ValuePlace Ultra.

Another new aspect to AirVenture for the company is an 80-foot by 50-foot metal roof emblazoned with a painted welcome message and the Cessna logo. The barn is southeast of the town of Ripon and in the final approach flight pattern of arrivals for EAA.

Based on unit sales, Cessna Aircraft Company is the world’s largest manufacturer of general aviation airplanes. In 2007, Cessna delivered 1,272 aircraft, including 387 Citation business jets, and reported revenues of about $5 billion. Cessna has a current backlog of $16 billion through June 30, 2008. Since the company was originally established in 1927, some 190,000 Cessna airplanes have been delivered to nearly every country in the world. The global fleet of more than 5,200 Citations is the largest fleet of business jets in the world. More information about Cessna Aircraft Company is available at http://www.cessna.com.

Textron Inc. is a $13.2 billion multi-industry company operating in 34 countries with approximately 44,000 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, 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 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.

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