05/02/2010 CESSNA ROLLS OUT THE 300TH CITATION MUSTANG
Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, announced today the rollout of the 300th Citation Mustang at its assembly facility in Independence, Kan., less than three years after the first Mustang delivery in 2007.
"The aircraft continues to set the mark for entry level business jet operations around the world, and its demand has remained fairly resilient during the past year," said Jack J. Pelton, Chairman, President and CEO. "It has found success in air taxi and charter operations, in flight departments, in training organizations as well as with owner-operators."
The 300th Mustang will be delivered later this year to a retail customer in Australia.
The Citation Mustang is the world's first fully certified entry-level business jet. It was announced at the 2002 National Business Aviation Association convention and made its first flight in April 2005. The first Citation Mustang was delivered in April 2007.
Coming in at just over $3 million (2010 delivery), the Mustang features Garmin avionics, Pratt & Whitney Canada engines and boasts a maximum 1,200-nautical mile range.