Cessna Aircraft (TXT) Comments on Citation Mustang Deliveries

April 8, 2008 10:11 AM EDT
Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, announced at the Sun ’n Fun Fly-In in Lakeland, Fla., that it has surpassed 500 orders for the Citation Mustang entry level business jet.

Cessna delivered the first retail Citation Mustang to Dave and Dawn Goode of GOODE Ski Technologies on April 23, 2007, and finished the year with 45 delivered. From Cessna’s facility in Independence, Kan., the company expects to deliver 100 Mustangs by the end of 2008 and reach its targeted full production rate of about 150 aircraft per year by the end of 2009.

The six-place Citation Mustang has a top speed of 340 knots, a range of 1,150 nautical miles (with NBAA IFR Reserves) and a service ceiling of 41,000 feet, enabling more efficient operations above most weather and commercial traffic.[SM]

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