Fri, Jan 24, 2003
Nearly 1000 Airplanes Delivered
Cessna Aircraft Company
concluded 2002 with the highest revenues in its 75-year history.
Year-end deliveries totaled 946: 307 Citations, 80 Caravans
and 559 Single Engine Piston aircraft. Sales revenues totaled $3.2
billion and the year-end order backlog stood at $4.9 billion.
"Although we are concentrating our efforts on the challenges of
2003, we would be remiss if we did not reflect on what can only be
characterized as exceptional performance in 2002," said Russ Meyer
(right), Cessna Chairman and CEO. "This has been a record year in
practically every respect. In addition to our financial
performance, we increased operating efficiencies, and met all our
delivery commitments. We also introduced numerous after-market
support programs to broaden our responsiveness to our customers. In
that respect, we were proud to be rated number one among all
business jet manufacturers in Professional Pilot's Corporate
independent Aircraft Product Support survey.
"We expect 2003 to be a challenging year, but the Cessna team is
focused on successfully resolving these short term challenges." To
ensure future growth, Cessna introduced two new aircraft, the
Citation Mustang and Citation CJ3. Unveiled at the NBAA convention in
September 2002, Cessna has booked a substantial number of orders
for both of these aircraft.
Other 2002 achievements include the
celebration of Cessna's 75th anniversary; Citation Sovereign first
flight; and delivery of the 1000th Grand Caravan 208B, 500th
Citation model 525, 100th Citation CJ2, and 200th Citation X.
Upcoming 2003 milestones include the delivery of the 4000th
Citation, FAA certification of the Citation Sovereign, and first
flight of the Citation CJ3.
Cessna is part of Textron Inc., and does not release
operating-unit financials in unconsolidated form.
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