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.
Cessna Touts 2006 Deliveries, Stays Bullish For ’07
Key Takeaways:
- Cessna reported strong 2006 performance with 307 Citation deliveries (up over 50 year-over-year) and revenue growth to $4.2 billion, significantly boosted by international orders.
- The company anticipates continued growth, projecting 375 jet deliveries for the current year, and secured an $8.5 billion total backlog in 2006.
- Cessna expanded its product line with the Citation XLS+ upgrade and new CJ4 model, solidifying its position with nearly 5,000 Citations, the world's largest business jet fleet.
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