March 9, 2012

Cessna's New Citation M2 Makes First Flight Today

WICHITA, Kan., March 9, 2012 — Cessna's new Citation M2, announced less than six months ago, made its first prototype flight today. The flight lasted a little more than an hour and a half and included tests of the avionics system, autopilot, engine system, aircraft systems and instrument approaches. The prototype took off and landed at Wichita, Kan., Mid-Continent Airport (ICT) where Cessna's main manufacturing facility is located. Cessna Aircraft Company is a Textron Inc. (NYSE: TXT) company.

"I am excited to say the aircraft performance, handling characteristics and Garmin G3000 avionics were exceptional, just as we had anticipated," said Peter Fisher, Cessna's engineering test pilot who flew the Citation M2. "With this essential program milestone complete, we are looking forward to a successful flight test program and FAA certification so our customers can soon enjoy this great aircraft."

The Citation M2 is a new light business jet that fills the gap between the Citation Mustang and the Citation CJ family and gives customers another entry point into the Citation product line. Federal Aviation Administration certification (Part 23) is expected in the first half of 2013, followed by deliveries beginning in the second half of 2013.

"The Citation M2 development team is focused on bringing this program to maturity, and their dedication is reflected in the speed in which the program is moving forward," said Brian Rohloff, Cessna's Citation Mustang and M2 business leader. "Bringing this sleek airplane to market, so quickly, strongly positions Cessna in the marketplace and allows our customers to take advantage of its capabilities sooner."

The Citation M2's clean cockpit design is anchored by the fully integrated Garmin G3000 avionics suite and the aircraft is powered by a pair of FADEC-controlled Williams International FJ44-1AP-21 turbofan engines. It has an all-new cabin design, including the optional Cessna proprietary cabin management system that includes the latest interface options for greater in-flight productivity and connectivity.

With room for two crew and up to six passengers, the $4.195 million 2012 USD Citation M2 has a maximum cruise speed of 400 knots true airspeed (741 kilometers per hour) and a range of 1,300 nautical miles (2,408 kilometers). The aircraft can operate at airports with runways as short as 3,250 feet (991 meters) and will climb to 41,000 feet (12,497 meters) in 24 minutes.

From the cockpit divider aft through the rear lavatory, the main passenger cabin of the Citation M2 is 58 inches wide (1.47 meters) and 11 feet (3.3 meters) long with a 5-inch dropped aisle providing a cabin height of 57 inches (1.45 meters). Eight large windows, roomy pedestal seats and intuitive cabin appointments highlight the all-new interior.

A video highlighting the Citation M2's features can be viewed on Cessna's YouTube channel. Visit our gallery of Citation M2 images.

Click here for a high resolution photo: Scott Ernest, Cessna president and CEO, congratulating Cessna pilot Pete Fisher after a successful first flight of the Citation M2 prototype.

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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.