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Mon, May 16, 2005

Looking Good: CIRRUS 1Q Numbers Continue Upward Climb

Figures Validate Company’s Success

Coming off a very successful 2004, Cirrus Design Corporation sold and delivered the most aircraft in the company’s history. CIRRUS continued its growth in the first quarter of 2005 as the technologically advanced personal aircraft manufacturer exceeded its target for the period.

CIRRUS announced a substantial 27% increase in first quarter deliveries over the same period in 2004, according to Executive Vice President of Sales and Marketing John M. Bingham. CIRRUS President and CEO Alan Klapmeier said, “Without the overwhelming dedication and hard work of our employees this unprecedented growth would not be possible.”

New purchase orders for CIRRUS aircraft were well above first quarter projections, according to Bingham. “CIRRUS is securely situated to grow its status as a global organization committed to building aircraft of unparalleled quality and performance,” he said.

“The outstanding support of worldwide clients interested in the freedom of personal transportation has positioned CIRRUS as one of the leading manufacturers of single-engine airplanes in the world.”

Bingham said the CIRRUS sales team had also increased in recent weeks to accommodate a more rapid response to increased requests for demonstration flights, fleet sales, and new market opportunities. “With the increase in deliveries,” said Bingham.

“CIRRUS will continue to add new team members to the sales force, and grow our support staff in the areas of Customer Service and Field Service.”

FMI: www.cirrusdesign.com

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