Results for Cessna ‘Nothing Short of Superb’

AINalerts » April 24, 2007
April 24, 2007, 10:49 AM

Thanks to the continuing sales performance of the Citation line, operational results for Cessna in the first quarter of this year were described by Lewis Campbell, chairman, president and CEO of parent company Textron as “nothing short of superb.” Speaking last week to the financial community, Campbell said Cessna in the first quarter received orders for 122 Citations, bringing total orders on hand to more than 400. “What is particularly reassuring about the order pattern is that we’re filling slots in 2009, 2010 and beyond,” Campbell said. “This year is 100 percent booked.” The 67 Citations delivered in the first quarter (two more than planned) exceeded by one the number delivered in the same period last year. Cessna is scheduled to deliver 375 Citations this year compared with 307 last year. In the first quarter, Cessna placed its second Mustang very light jet into demo service, made its first retail delivery of a Mustang yesterday and is on track to deliver 37 more by year-end.

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