May 1, 2013

Citation Returns to Kentucky Derby

WICHITA, Kan., May 1, 2013 —  Cessna will honor the namesake of their line of Citation business jets by supporting customers flying into Louisville, Ky., for this weekend's Kentucky Derby. With more than 600 general aviation flights expected to arrive in the Louisville area this coming weekend, Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, will welcome pilots and guests with on-site "thoroughbred-inspired" Citation aircraft and service solutions. 

Cessna's line of business jets is named after famed thoroughbred "Citation." In 1948, Citation won the Kentucky Derby, finishing ahead of the nearest competitor by three and a half lengths at Churchill Downs. Citation went on to win the Preakness Stakes and the Belmont Stakes to win the Triple Crown in 1948. Citation was well known for the ease with which he handled, with no complications or handling difficulties. 

Today Cessna's Citation line of products remains well-known for performance and ease of operation. In celebration of this heritage of leadership, Cessna will have aircraft on display at Atlantic Aviation, the Fixed Base Operator (FBO) for general aviation at Louisville International Airport. The jet lineup will include the Citation XLS+ and the Citation CJ3. The company will also make a mock up of the new Citation Latitude business jet available for customers and the public on a reservation basis. Service is also a key component to Citation operation, and the company will showcase service capabilities by positioning a Mobile Service Unit at the airport. Cessna's Mobile Service Units are capable of providing service for Citation aircraft in remote locations, up to and including engine replacement.

The much-anticipated Citation Latitude features a maximum range of 2,500 nautical miles (4,630 kilometers), has been described as having the most open and refined cabin environment in this category of aircraft. The Latitude will accommodate 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. 

The Citation Latitude mock up will be open from Thursday, May 2 to Saturday, May 4, 2013, from 10 a.m. until 5 p.m. daily. General public guests are invited to view Cessna's display by advanced appointment by contacting Adam Cuquet at acuquet@cessna.com

Photos of Citation, eighth Triple Crown winner:
http://textron.vo.llnwd.net/o25/CES/releases/ciyf_CitationHorse_002.jpg
http://textron.vo.llnwd.net/o25/CES/releases/ciyf_CitationHorse_001.jpg


Photos of the first Cessna Citation jet:
http://textron.vo.llnwd.net/o25/CES/releases/aczs012.jpg
http://textron.vo.llnwd.net/o25/CES/releases/CJ_proto_in_flight.jpg


                                                                               ### 


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 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 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.