Cessna Had ‘Incredible Year’

AINalerts » January 25, 2007
January 25, 2007, 8:59 AM

With record deliveries, orders and backlogs, last year was an “incredible year” for Cessna, said Lewis Campbell, chairman, president and CEO of parent company Textron. Addressing financial analysts at yesterday’s annual results conference, Campbell said, “We enter 2007 with an unprecedented situation at Cessna. We are 100 percent sold out for this year’s delivery plan which we have increased by five units [to 375 Citations], which includes 40 Mustang VLJs.” Looking toward next year, Campbell said Cessna has orders for more than 350 Citations. While the company will boost sales efforts for the Mustang, he also noted that the earliest available delivery for new orders for the Mustang is now the fourth quarter of 2009. Last year Cessna delivered 307 Citations (three more than forecast and topping the previous high of 306 in 2001), received orders for 496 Citations, including 231 in the fourth quarter and expanded the backlog by 35 percent.

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