PROVIDENCE, R.I., Oct
29, 2012 (BUSINESS WIRE) -- Scott A. Ernest, President & CEO of
Cessna Aircraft Company, a Textron Inc. company, will discuss
the company's business jet market outlook and provide updates on Cessna
during the 65th 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 www.textron.com .
Forward-looking Information
Certain
statements in this press release are forward-looking statements which
may project revenues or describe strategies, goals, outlook or other
non-historical matters; these statements speak only as of the date on
which they are made, and we undertake no obligation to update or revise
any forward-looking statements. These statements are subject to known
and unknown risks, uncertainties, and other factors that may cause our
actual results to differ materially from those expressed or implied by
such forward-looking statements, including, but not limited to, changes
in worldwide economic or political conditions that impact demand for our
products, interest rates or foreign exchange rates; the efficacy of
research and development investments to develop new products or
unanticipated expenses in connection with the launching of significant
new products or programs; the timing of our new product launches or
certifications of our new aircraft products; our ability to keep pace
with our competitors in the introduction of new products and upgrades
with features and technologies desired by our customers; difficult
conditions in the financial markets which may adversely impact our
customers' ability to fund or finance purchases of our products; and
volatility in the global economy resulting in demand softness or
volatility in the markets in which we do business.
SOURCE: Textron
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