Mon, Feb 13, 2006
Mooney Airplane Company
delivered 19 aircraft valued at approximately $9 million during the
fourth quarter of 2005, bringing the company's total for the year
to 85 airplanes worth approximately $36.5 million. The tally
exceeds Mooney's projection to "more than double 2004 deliveries"
and represents a 136% increase in deliveries, year to year, over
2004.
Mooney delivered a total of 34 aircraft in 2003 and 36 in
2004.
"Our sales in 2005 reflect both the strength of our product line
and confidence in the company," said David Copeland, Mooney's vice
president of sales and marketing. "We expect growth in both orders
and deliveries in 2006 as we mark our 60th year of production," he
added. Mooney began building airplanes in Wichita, Kansas in 1946,
before moving to Kerrville, Texas in 1951. It now employs 410
people at the site.
During the fourth quarter, Mooney delivered 14 Ovation2 GX and 5
Bravo GX models, bringing the yearend totals to 64 Ovation2 GX
aircraft and 20 Bravo GX models. A single Ovation DX was also
delivered during the year. "The delivery of our 11,000th production
airplane and the 100th GX model will highlight the first quarter of
2006, and we'll launch our 60th Anniversary celebration with some
special events, as well," Copeland stated.
"We've streamlined our operations and delivery process in 2005,
and made measurable improvements in customer support and
responsiveness," noted Gretchen Jahn, Mooney's chief executive
officer.
"Our expectations for 2006 include improvements in our processes
and productivity as well as the increases in orders and
deliveries," she added.
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