This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Cessna Makes Key Announcements At National Business Aviation Association Press Conference

Stocks in this article: TXT

Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, today made several key announcements at the National Business Aviation Association’s annual conference relating to innovation in aircraft design, commitment to customer service and addressing customer needs.

“This year, we are thrilled with the steps we have taken to deliver what our customers want and need,” said Scott Ernest, Cessna President and CEO. “These innovations further underscore our commitment to bring cutting edge aircraft and service to market for today and tomorrow and to exceed our customers’ expectations year after year.”

Innovation Continues at Cessna: Introducing the new Citation Sovereign

The New Citation Sovereign now delivers increased range, updated technologies and enhanced capabilities. Features of the New Citation Sovereign, currently on display at NBAA include:

  • New cockpit with Garmin G5000 avionics suite
  • Increased range by 150 nm, boosting the New Citation Sovereign total range to over 3,000 nm
  • Powered by the new Pratt & Whitney Canada PW306D engine
  • New cabin amenities including the integrated Cessna Clarity™ cabin management system, in addition to improved seat design
  • Improved short runway performance
  • Integrated automatic throttles
  • Winglets have been added, giving the aircraft a distinct appearance and an aerodynamic boost
  • Improved ground cooling performance

Line flow has already started on the New Citation Sovereign, and entry into service is expected in the early third quarter of 2013. The new Sovereign will also be available with a utility configuration, with options to carry payload, people, or both, depending on the mission requirements.

The New Citation X; Retaining the name that started it all

Much to customers’ delight, the Citation X name will live on. When the plans were drawn to improve on the Citation X systems and performance, that aircraft was to be called the “Citation TEN”. Through the design and certification process, the Citation TEN has claimed the title of world’s fastest business jet, but customers have told Cessna that they prefer the new aircraft retain the Citation X name.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,191.37 -195.84 -1.13%
S&P 500 2,002.16 -27.39 -1.35%
NASDAQ 4,637.9940 -43.5030 -0.93%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs