WICHITA, Kan., Feb. 6 /CNW/ -- Spirit AeroSystems (NYSE: SPR) has signed
an agreement in principle with Cessna Aircraft Company, a Textron Inc. (NYSE:
TXT) company, to produce the fuselage and empennage for its new Citation
Columbus business jet. Spirit has decades of experience in designing and
building some of the world's most popular commercial aircraft.
"We are excited about joining the Cessna team and helping bring this new
business jet to market. This project allows us to take the innovative
design/build processes we've honed on commercial aircraft and apply them to an
entirely new market, bringing value to our customer and ultimately, to the
consumer," said Richard "Buck" Buchanan, Vice President/General Manager of
Spirit's Fuselage Business Unit.
Spirit has been participating on the Joint Development phase of the
program and has had a team co-located with Cessna for several months. Detailed
negotiations between Spirit and Cessna are expected to culminate in a contract
signing in the next several weeks.
"Cessna is committed to maintaining the highest quality and best value
with all of our products and that's certainly the case with this new large
cabin offering. Wichita is known as the air capital of the world and it is
wonderful that we have such expertise and experience based literally in our
backyard," said Jack Pelton, Cessna CEO.
The Citation Columbus is expected to be the only aircraft in its class
capable of 4,000 nautical miles (7,408 kilometers) non-stop at Mach .80. The
initial price estimate for the Citation Columbus is $27 million in 2008 U.S.
dollars. Cessna plans to achieve Federal Aviation Administration certification
by the end of 2013, with deliveries beginning in 2014.
About Spirit AeroSystems Inc.
Based in Wichita, Kan., Spirit AeroSystems is the world's largest
independent supplier of commercial airplane assemblies and components. In
addition to its Kansas facility, Spirit has operations in Tulsa and McAlester,
Okla., Prestwick, Scotland, and Samlesbury, England.
In the U.S., Spirit designs and produces large components for every
Boeing commercial product currently in production. The company's core products
include fuselages, pylons, nacelles and wing components. Spirit designs and
builds the all-composite forward fuselage for the Boeing 787, in addition to
pylon and wing structures for the new airplane. Additionally, Spirit provides
aftermarket customer support services, including spare parts,
maintenance/repair/overhaul, and fleet support services in North America and
Europe. Spirit also designs and builds structures for military programs,
including the CH-53K helicopter, the U.S. Navy's P-8A program, and is a member
of Boeing's KC-767 Global Advanced Tanker Team. Spirit Europe produces wing
components for Boeing, Airbus and Hawker programs.
This press release contains forward-looking statements concerning future
business opportunities. Actual results my vary materially from those projected
as a result of certain risks and uncertainties, including but not limited to
changes in government procurement practices or in the number of aircraft to be
built; challenges in the design, development, production and support of
advanced technologies; as well as other risks and uncertainties, including but
no limited to those detailed in Spirit AeroSystems Holdings, Inc Securities
and Exchange Commission filings.
On the web: http://www.spiritaero.com
For further information:
For further information: Debbie Gann, Corporate Communications of Spirit
AeroSystems, +1-316-519-7340 Web Site: http://www.spiritaero.com