Cessna Aircraft around Company, a Textron Inc. (NYSE:TXT) company, delivered 1,239 aircraft last year, maintaining its leadership position as the world’s largest manufacturer of general aviation aircr
February 10, 2007 (Press Release) --
Wichita, Kan., Feb.6, 2007 – Cessna Aircraft around Company, a Textron Inc. (NYSE:TXT) company, delivered 1,239 aircraft last year, maintaining its leadership position as the world’s largest manufacturer of general aviation aircraft.
“Thanks to a growing demand for business aircraft around the globe, our Citation jet deliveries grew to 307 aircraft last year, up more than 50 aircraft over 2005,” said Jack J. Pelton, chairman, CEO and president of Cessna. “ We also did very well with our single-engine line, with 865 piston aircraft and 67 turboprops delivered. With these deliveries, and with our development work for new single-engine products, our leadership and commitment in this market segment are unrivalled.
“The business jet market outside the U>s continues to grow,” Pelton said. In 2006, business jet orders outside the U.S accounted for 48 percent of our total orders.”
Cessna’s revenues for 2006 were $ 4.2 billion, up from $ 3.5 billion a year ago. Cessna expects to deliver 375 jets in 2007, including 40 newly certified Citation Mustangs.
In 2006, Cessna announced two new business jet programs and gained full U.S Federal Aviation Administration type and production certificate for its Citation XLS+, a block change upgrade on its best-selling business jet, and the CJ4, a brand new jet in the popular CJ family. In 2006, Cessna’s Backlog rose to $ 8.5 billion.
Last year, Cessna announced it might enter the growing Light Sport Aircraft market. The company is flying a proof-of-concept model for performance and aerodynamic data and is examining the business case to ensure any Cessna entry would be competitive in the market.
Cessna is also looking at a next-generation piston aircraft and displayed a notional mock-up at the Aircraft Owners and Pilots Association meeting California last fall.
“Thanks to a growing demand for business aircraft around the globe, our Citation jet deliveries grew to 307 aircraft last year, up more than 50 aircraft over 2005,” said Jack J. Pelton, chairman, CEO and president of Cessna. “ We also did very well with our single-engine line, with 865 piston aircraft and 67 turboprops delivered. With these deliveries, and with our development work for new single-engine products, our leadership and commitment in this market segment are unrivalled.
“The business jet market outside the U>s continues to grow,” Pelton said. In 2006, business jet orders outside the U.S accounted for 48 percent of our total orders.”
Cessna’s revenues for 2006 were $ 4.2 billion, up from $ 3.5 billion a year ago. Cessna expects to deliver 375 jets in 2007, including 40 newly certified Citation Mustangs.
In 2006, Cessna announced two new business jet programs and gained full U.S Federal Aviation Administration type and production certificate for its Citation XLS+, a block change upgrade on its best-selling business jet, and the CJ4, a brand new jet in the popular CJ family. In 2006, Cessna’s Backlog rose to $ 8.5 billion.
Last year, Cessna announced it might enter the growing Light Sport Aircraft market. The company is flying a proof-of-concept model for performance and aerodynamic data and is examining the business case to ensure any Cessna entry would be competitive in the market.
Cessna is also looking at a next-generation piston aircraft and displayed a notional mock-up at the Aircraft Owners and Pilots Association meeting California last fall.
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