News Releases
Citation Mustang Certified in India
WICHITA, Kan., July 21, 2010 - Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, announced today the Citation Mustang business jet has gained certification in India from the Director General of Civil Aviation.
The Mustang, originally certified by the U.S. Federal Aviation Administration in 2006, is now certified in more than 60 countries. The world’s first fully certified entry level business jet, the Mustang is a six-place aircraft with a top speed of 340 knots (630 kilometers per hour), a range of 1,150 nautical miles (2,130 kilometers) with NBAA IFR Reserves and a service ceiling of 41,000 feet (12,497 meters), enabling more efficient operations above most weather and commercial traffic.
“The Mustang is very well suited for operations in India due to its range and performance,” said Trevor Esling, vice president, Cessna International Citation Sales.
The Cessna Citation Mustang is on display at the Farnborough International Airshow outside London from July 19-25. Cessna, the world’s most prolific producer of business jets, has delivered more than 300 Mustangs to customers around the world. In 2010 dollars, a typically equipped Mustang has a retail price of $3.04 million.
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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.





