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Citation Latitude prototype first flight in first quarter

LAS VEGAS, Oct 21, 2013 – Cessna Aircraft Company, a Textron Inc. (NYSE:TXT) company, today announced the eagerly anticipated Citation Latitude mid-size business jet is on schedule for its first prototype flight in the first quarter of 2014. An enhanced Citation Latitude mock-up will be on display throughout the National Business Aviation Association (NBAA) Business and Aviation Convention and Exhibition in Las Vegas this week. The Latitude mock-up will feature an informational gallery in the aft portion of the cabin, showing program highlights marking the Latitude’s progression towards its first prototype flight.

Terry Shriner, Cessna business leader for the Latitude, said: “We have nearly finished with the Latitude wing, and the Latitude fuselage is almost complete. The team is looking forward to showing some outstanding features to Latitude customers. The Garmin G5000 avionics are clearly a big step ahead in convenience and ease of operation for business jet operators in the mid-size category, but we are also delivering a high-powered cooling system, a stand-up flat floor cabin and in a first for a Cessna Citation, an electronically-operated door.”

Shriner continues: “The new door conveniently opens and closes with the flip of a switch. From the very early design stages, we planned on an aircraft with an electric door based on what we were hearing from customers and seeing in the market. We have put this electric door through an incredibly challenging set of tests, and cycled the model thousands of times. This is a first for Cessna, and another item in the list of reasons the Latitude will set a new standard for the mid-size category of business jets.”

Michael Thacker, Cessna senior vice president of Engineering, says: “The Latitude began as an exciting concept, and it just keeps getting better. We have increased the aircraft’s target range by 500 miles, boosted the cabin entertainment capabilities, and improved cabin volume. The Latitude has turned customer input into aviation reality. You cannot find an aircraft in this category that tops the Latitude in terms of operational ease, luxury and performance.”

To see more on the Citation Latitude, visit Cessna's Latitude page. To download pictures of the Latitude, visit Cessna’s image gallery.

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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, 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.