Cessna's Jet Sales and Deliveries Climb

AINalerts » July 20, 2006
November 14, 2006, 10:55 AM

The first half of this year saw considerably improved sales and deliveries of Citations compared with the first half of last year, according to second-quarter financial results released today by parent company Textron. Deliveries of 76 Citations in the second quarter brought first-half deliveries to 142 compared with 118 in the same period last year. "We plan to deliver about 300 Citations this year [versus 247 last year], and we expect new orders will exceed deliveries at a level consistent with last year's order rate of about 329." Cessna last delivered more than 300 Citations in 2002. Textron said Cessna has received orders for 165 Citations so far this year. "Given this continued vitality in the market," Textron officials said, "we have established our preliminary 2007 production plan at 370 jets." If Cessna realizes that shipment level next year, it will set an annual production record. “Even at this higher production level we are about 90 percent sold out next year, with only 35 available slots," officials said. The company is expecting a "ignificant increase" in deliveries in 2008 also, but declined to give a specific projection.

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