Scott A. Ernest, President & CEO of Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, will discuss the company’s business jet market outlook and provide updates on Cessna during the 65
NBAA Annual Meeting and Convention taking place in Orlando, Florida.
Ernest said, “Although we remain very much in a spot market with considerable uncertainty, we believe Cessna can achieve a modest uptick in deliveries of Citation business jets this year. Looking forward, given softness in global economic markets and political and budget uncertainties in the United States, it appears that global demand for business jets will be challenging again next year.”
“Nonetheless, we believe that the business jet market is a very attractive market with excellent long term growth potential,” Ernest continued. “As a result, we continue to invest in new and upgraded products such as our new M2, Sovereign and Citation X models, all of which are scheduled for roll-out in 2013, plus the new Latitude and Longitude business jets, planned for introduction in 2015 and 2017.”
About Textron Inc.
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
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