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Deliveries Begin for World’s Fastest Single Engine Aircraft

INDEPENDENCE, Kan., July 1, 2013- Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company last week delivered the first production units of the Cessna TTx to customers following a ceremony at the Cessna facility in Independence, Kan. The TTx holds the distinction of being the world’s fastest commercially produced and certified fixed-gear single engine aircraft.

“The customers will now find out what we know, that the TTx is an aircraft which will wow pilots with its performance, and surprise passengers with its comfort,” said Brian Steele, business leader for the Cessna TTx. “Everything about it is fun, fast and sporty, while at the same time intuitive and comfortable. The G2000 avionics are so advanced and at the same time familiar. The interior appointments add a refined touch of class to the overall TTx experience.”

A high performance, all-composite aircraft, the TTx is designed for advanced pilots with advanced technology and greater comfort in mind. The leather-wrapped side-stick control and additional horsepower provide advanced TTx pilots with speed and performance close to that of a jet. The speed comes with style, as the fit and finish of the TTx has been likened to detailing reminiscent of a luxury sports car interior.

One of the customers accepting delivery is David Barnes, Chief Executive Officer of Watermark Retirement Communities. Barnes said he plans on using his TTx to travel between the 32 Watermark properties throughout the country. Representatives from Pacific Air Center (PAC) were on hand to assist with the event. PAC is a Cessna authorized sales center covering the southwest United States, with bases in Long Beach, Calif., and Scottsdale, Ariz.

Production line flow of the TTx was announced in April of 2012 at the Sun ‘n Fun International Fly-In and Expo in Lakeland, Fla. The aircraft has a top speed of 235 ktas (270 miles per hour), an operating ceiling of 25,000 feet and an optional Flight into Known Icing (FIKI) system, enabling pilots to file flight plans allowing for varying weather conditions. The TTx is the first aircraft to be equipped with the Garmin G2000 avionics system which features a glass cockpit with dual 14.1 inch high definition displays and touch screen controls.

“Cessna has a versatile, reliable workhorse in the 208 and the world’s dominant flight trainer in the 172, so it is rewarding to see an aircraft as unique and distinctive as the TTx leave the Cessna hangar to round out our single engine offerings,” said Jodi Noah, Cessna senior vice president of single engine/propeller aircraft. “In true Cessna fashion, the teams involved in delivering the TTx to the marketplace have placed quality and performance as top priorities, and they delivered.”

Cessna provides additional training for pilots in the TTx, due to the additional horsepower and capabilities of the aircraft. Learn more about the TTx at Cessna.com.

B-roll footage of the TTx can be viewed and downloaded here.

Photos of the delivery:
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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 changes in worldwide economic or political conditions that impact demand for our products, interest rates or foreign exchange rates; changes in government regulations or policies on the export and import of commercial products; 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 volatility in the global economy resulting in demand softness or volatility in the markets in which we do business.