Cessna Citation Latitude Production on Track; East Coast Tour Takes Flight

  Cessna Citation Latitude Production on Track; East Coast Tour Takes Flight

PR Newswire

WICHITA, Kan., April 12, 2013

WICHITA, Kan., April 12, 2013 /PRNewswire/ -- Cessna Aircraft Company, a
Textron Inc. (NYSE: TXT) company,announced today that the production for the
Citation Latitude aircraft, first announced in October 2011, is on schedule
and making progress toward completion of full airframes this year.

The next generation in business travel, the Latitude, with a maximum range of
2,500 nautical miles (4,630 kilometers), is designed to provide the most open,
spacious, light, and refined cabin environment in this category of aircraft.
The aircraft will deliver a clean, contemporary environment for a crew of two
plus up to eight passengers, will have a maximum altitude of 45,000 feet
(13,716 meters) and a maximum cruise speed of 440 knots (815 kilometers per
hour). It will climb to 43,000 feet (13,106 meters) in just 23 minutes.

"We've started building engineering test articles. The first prototype is
expected to fly in Q1 2014," said Terry Shriner, business leader for the
Citation Latitude. "We've moved from engineering, analysis and modeling to
cutting metal and driving rivets. The team is always energized when we see an
airplane begin to take shape for the first time."

To build experimental units for testing, Cessna is using production tooling.
During this phase, improvements will be identified and incorporated into the
tooling and assembly methods before line production begins in 2014 to continue
to ensure on-schedule deliveries and support the expectation of high-quality
finished aircraft. The first airframe is planned for testing cyclic fatigue;
the second for static testing.

Beginning this month, the Citation Latitude mock up will take off for visits
in 19 cities including:

  oAtlanta, Ga., April 12            oFredericksburg, Texas, May 17
  oCharlotte, N.C., April 15         oVan Nuys, Calif., May 22
  oTeterboro, N.J., April 18         oNapa, Calif., May 25-26
  oWhite Plains, N.Y., April 19      oSan Jose, Calif., May 29
  oColumbus, Ohio, April 23          oSeattle, Wash., June 3
  oChicago, Ill., April 26           oDenver, Colo., June 7
  oLouisville, Ky., May 2-5          oMinneapolis, Minn., June 11
  oDallas, Texas, May 9              oOklahoma City, Okla., June 14
  oHouston, Texas, May 13 and 15

"Customers are already excited to get a glimpse of the Citation Latitude,"
said Shriner. "The Latitude's value is outstanding, especially in a
coast-to-coast mission."

A video highlighting the Latitude's features can be viewed on Cessna's YouTube
channel.

http://www.cessna.com
https://twitter.com/fly_cessna
https://www.facebook.com/CessnaAircraftCompany
http://www.youtube.com/CessnaAircraftCo

About Cessna
Cessna is the world's leading general aviation company. Since its inception in
1927, Cessna has designed, produced and delivered nearly 200,000 airplanes
around the globe. This includes 6,500 Citation business jets, making it the
largest fleet of business jets in the world. Today, Cessna has two principal
lines of business: aircraft sales and aftermarket services. Aircraft sales
include Citation business jets, Caravan single-engine utility turboprops,
single-engine piston aircraft and lift solutions by CitationAir. Aftermarket
services include parts, maintenance, inspection and repair services. In 2012,
Cessna delivered 571 aircraft, including 181 Citation business jets, and
reported revenues of $3.111 billion. More information about Cessna Aircraft
Company is available at cessna.com.

About Textron
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 attextron.com.

Certain statements in this press release are forward-looking statements which
may project revenues or describe strategies, goals, outlook or other
non-historical matters; these statements 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 statements are subject to known and unknown
risks, uncertainties, and other factors that may cause our actual results to
differ materially from those expressed or implied by such forward-looking
statements, including, but not limited to, the efficacy of research and
development investments to develop new products or unanticipated expenses in
connection with the launching of significant new products or programs; the
timing of our new product launches or certifications of our new aircraft
products; our ability to keep pace with our competitors in the introduction of
new products and upgrades with features and technologies desired by our
customers;changes in government regulations or policies on the export and
import of our products; volatility in the global economy or changes in
worldwide political conditions that adversely impact demand for our products;
performance issues with key suppliers or subcontractors; difficult conditions
in the financial markets which may adversely impact our customers' ability to
fund or finance purchases of our products; and continued demand softness or
volatility in the markets in which we do business.

SOURCE Cessna Aircraft Company

Website: http://www.cessna.com
Contact: Andy Woodward, +1-316-517-1927, awoodward@cessna.com; Stephanie
Harder, +1-316-517-8702, sharder@cessna.com
 
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