February 2, 2012

Cessna Citation Latitude has New Longer Range

WICHITA, Kan., Feb. 2, 2012 — Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, announced today that it has increased the range capability of its planned new midsize jet, the Citation Latitude. The Latitude is now expected to have a maximum range of 2,500 nautical miles (4,630 kilometers).

"Our customers asked, we answered," said Trevor Esling, Vice President, Sales – Europe, Middle East, Africa and Asia (EMAA). "The increased range will give the aircraft more flexibility to fly a wider variety of missions and meet our customer requirements for comfort and performance. We've made this great aircraft even better."

As the first Latitude buyer in Europe, EFO Aviation GmbH & Co. KG was sold on the aircraft's new extended range as well as its 72-inch, flat-floor cabin. The aircraft will be operated by Air Hamburg Private Jets, Germany, which will use it for charter and executive transportation.

"The Latitude is a new class of Citation and we are very happy to be the first to bring it to Europe," said Floris Helmers, managing director at Air Hamburg. "The 2,300-nm range will allow us to meet many different mission demands, including between Germany and Moscow. It will be the perfect complement to the other Citations in our fleet, which include three XLS+ and two CJ3 as well as other Citation aircraft."

First announced at the 2011 NBAA Annual Meeting and Convention, the Latitude has been designed with space for a crew of two plus up to eight passengers; features Garmin G5000 avionics; includes an 84-inch (2.13-meter) fuselage; a 6-foot (1.83-meter) high passenger cabin from just behind the cockpit through the rear lavatory area, a flat floor; and Cessna's highly advanced ClairityTM cabin technology solution.

Positioned between the Citation XLS+ and Citation Sovereign in Cessna's product line, the Citation Latitude design offers a full fuel payload of 1,000 pounds (454 kilograms), a maximum cruise speed of 442 knots true airspeed (819 kilometers per hour) and a range of 2,300 nautical miles (4,259.6 kilometers). Preliminary specifications project the aircraft will operate at airports with runways as short as 3,900 feet (1,189 meters), will have a maximum altitude of 45,000 feet (13,716 meters) and will climb direct to 43,000 feet (13,106 meters) in 23 minutes.

First flight of the Citation Latitude prototype is expected to be mid-year 2014, with FAA certification (Part 25) and entry into service expected in 2015. The aircraft is priced at $14.9 million in 2012 USD.

More information on the Latitude can be found on the Citation Latitude Web site. Find images of the Latitude on Cessna's image gallery.


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Cessna is the world's leading general aviation company. Since its inception in 1927, Cessna has designed, produced and delivered more than 192,500 airplanes around the globe. This includes more than 6,100 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 2010, Cessna delivered 535 aircraft, including 179 Citation business jets, and reported revenues of $2.6 billion. More information about Cessna Aircraft Company is available at 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 textron.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 following:

The efficacy of research and development investments to develop new products or unanticipated expenses in connection with the launching of significant new products;
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;
Performance issues with key suppliers, subcontractors or business partners;
Difficult conditions in the financial markets which may adversely impact our customers’ ability to fund or finance purchases of our products; and
Continued volatility in the economy resulting in a prolonged downturn in the markets in which we do business.