Cessna Touts 2006 Deliveries, Stays Bullish For '07
Of the 1,239 aircraft delivered last year, Cessna delivered 307 Citations (that's up more than 50 aircraft year-over-year) and 67 turboprops. Business jet deliveries outside of the U.S. accounted for 48 percent of the company's total orders, helping to boost revenue from $3.5 billion in 2005 to $4.2 billion in 2006, and Cessna remains bullish on the business segment. Looking ahead, the company expects to deliver 375 jets this year, with 40 Mustangs in this herd. [more] At the NBAA Convention this past fall, Cessna's Citation XLS+ became the latest upgrade of its best-selling business jet and the CJ4 was unveiled as a brand-new model in the popular CJ family, to be delivered in 2010. In 2006, Cessna's total backlog rose to $8.5 billion, and the company now claims a worldwide fleet of nearly 5,000 Citations -- the largest gaggle of business jets in the world.