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TEXTRON AVIATION

0% Textron Aviation’s share of Textron 2015 revenues
Textron Aviation is home to the iconic Beechcraft, Cessna and Hawker brands, and continues to lead general aviation through two principal lines of business: aircraft sales and aftermarket. Aircraft sales include business jet, turboprop and piston aircraft, as well as special mission and military aircraft. Aftermarket includes commercial parts sales and maintenance, inspection and repair services.

KEY DATA

(Dollars in millions) 2015 2014 2013 2012 2011
Textron Aviation
Units sold:
Business jets 166 159 139 181 183
King Airs1 117 113 — — —
Caravans 102 94 105 107 93
Piston engine1 312 290 223 283 413
Backlog, excluding CitationAir $1,074 $1,365 $1,018 $1,062 $1,889
 
Revenues $4,822 $4,568 $2,784 $3,111 $2,990
Segment profit (loss)2 $400 $234 $(48) $82 $60
Segment profit margin 8.3% $5.1% (1.7)% 2.6% 2.0%
Total assets $4,039 $4,085 $2,260 $2,224 $2,078
Capital expenditures $124 $96 $72 $93 $101
Depreciation and amortization $134 $137 $87 $102 $109
  1. 2014 reflects deliveries of Beechcraft aircraft after the acquisition closing date of March 14, 2014.
  2. In 2015, income from continuing operations included the following pre-tax item: $12 million of amortization expenses related to fair value step-up adjustments of Beechcraft acquired inventories sold in the period. In 2014, included $63 million negative impact from fair value step-up adjustments to Beechcraft inventories sold during the year. In 2013, included $28 million in severance costs. In 2012, included a $27 million charge related to an award against Cessna in an arbitration proceeding.
Textron Aviation is home to the iconic Beechcraft, Cessna and Hawker brands, and continues to lead general aviation through two principal lines of business: aircraft sales and aftermarket. Aircraft sales include business jet, turboprop and piston aircraft, as well as special mission and military aircraft. Aftermarket includes commercial parts sales and maintenance, inspection and repair services.

Revenue by Region

Sales Breakdown

By Customer
By Product Line
Citation Longitude: The evolution leads to a revolutionCitation Longitude: The evolution leads to a revolution Cessna TTXCessna TTX Scorpion HighlightsScorpion Highlights Innovation. Performance. Leadership.Innovation. Performance. Leadership.

Strategic Steps Forward

  • Focus on developing and investing in Textron Aviation’s talent.
  • Maintain our customer-centric focus through our continued commitment to producing high-quality, innovative aircraft and providing world-class service for our customers, globally.
  • Leverage Textron Aviation’s industry leading core competency of rapidly bringing new products to market through excellence in aircraft design, development, certification and manufacturing.
  • Drive growth in jet & turboprop segments through ramp-up of production and deliveries of the new Citation Latitude mid-size jet and delivery of new Fusion-equipped King Air turboprops.
  • Develop & certify two new class-leading products, the 3,400nm Citation Longitude with targeted entry into service in 2017 and the clean-sheet, 4,500nm Citation Hemisphere with first flight targeted for 2019.
  • Continue to grow service operations through single-channel distribution, increased Mobile Service Units (MSUs), ProAdvantage programs for Hawker & King Air customers, ProOwnership program for new operators, enhanced Aircraft On Ground (AOG) response and capacity growth at service centers.
  • Continue to secure international sales for T-6 Texan training aircraft.
  • Drive operational efficiencies through automation, additive manufacturing, and innovative processes to drive down costs, increase safety and produce higher-quality aircraft.

Fast Facts

  • At the end of 2015, Textron Aviation had approximately 11,700 employees.
  • Primary manufacturing facilities are located in Wichita and Independence, KS; Columbus, GA; and Chihuahua, Mexico.
  • Textron Aviation companies have delivered nearly 251,000 aircraft to 170+ countries, with a combined fleet exceeding 100 million flight hours.
  • With more than 6,900 aircraft delivered to-date and 97% still in operation, Cessna Citations represent the largest fleet of business jets in the world.
  • Textron Aviation provides customers across the globe with the world’s largest general aviation service network made up of 21 company-owned service centers, 60 mobile service units and over 400 authorized independent service facilities. Textron Aviation’s commitment to service was furthered in 2015 with the opening of a new, 156,000 sq. ft., state-of-the-art service center at Paris-Le Bourget Airport and placement of the first dedicated service aircraft in Europe.
  • Since 2012, Textron Aviation has certified eight new aircraft. In 2015, this trend continued with certification and first delivery of the new Citation Latitude, a game-changing mid-size jet. NetJets placed a firm order for the first 25 of 150 Citation Latitudes.
  • We certified our ProLine Fusion avionics on the King Air 250 & King Air 350i and finalized an agreement with customer, Wheels Up, for delivery of 35 more King Air 350i aircraft; Cessna received an order from Joy Air for delivery of 20 Grand Caravan EX Amphibian turboprops in China.

MAJOR PRODUCTS

  First
Delivery		 Std/Max
Seating Capacity
(including pilots)		 Cruising
Speed (kts)		 Maximum
Range (IFR w/
NBAA reserves)		 2016
MSRP
(in millions)		 Engine
Manufacturer		 Engine
Model		 Avionics
Cessna Citation Jets
Mustang 2006 6 340 1,200 $ 3.4 Pratt & Whitney PW615F Garmin G1000
M2 2013 8 404 1,540 $ 4.5 Williams International FJ44-1AP-21 Garmin G3000 (Intrinzic™)
CJ3+ 2014 8/10 416 2,040 $ 8.0 Williams International FJ44-3A Garmin G3000 (Intrinzic™)
CJ4 2010 9/11 451 2,170 $ 9.0 Williams International FJ44-4A Collins Pro Line 21
XLS+ 2008 11/14 441 2,100 $12.8 Pratt & Whitney PW545C Collins Pro Line 21
Latitude 2015 9/11 446 2,850 $16.3 Pratt & Whitney PW306D1 Garmin G5000 (Intrinzic™)
Sovereign+ 2013 11/14 460 3,190 $17.9 Pratt & Whitney PW306D Garmin G5000 (Intrinzic™)
Citation X+ 2014 11/14 528 3,450 $23.4 Rolls-Royce AE3007C2 Garmin G5000 (Intrinzic™)
New Jet Development
Longitude 20171 11/14 476 3,400 $23.9 Honeywell HTF-7700 Garmin G5000 (Intrinzic™)
Hemisphere First flight targeted in 2019. 4,500 TBD TBD TBD TBD
Turboprops
Cessna Caravan 1985 9/14 186 1,0602 $ 1.9 Pratt & Whitney PT6A-114A Garmin G1000
Cessna Grand Caravan EX 2013 10/14 185 9012 $ 2.4 Pratt & Whitney PT6A-140 Garmin G1000
Beechcraft King Air C90GTx 2010 8/9 271 1,260 $ 3.6 Pratt & Whitney PT6A-135A Collins Pro Line Fusion
Beechcraft King Air 250 2011 9/11 310 1,740 $ 6.2 Pratt & Whitney PT6A-52 Collins Pro Line Fusion
Beechcraft King Air 350i 2010 9/11 312 1,796 $ 7.3 Pratt & Whitney PT6A-60A Collins Pro Line Fusion
Beechcraft King Air 350iER 2010 9/11 303 2,455 $ 8.5 Pratt & Whitney PT6A-60A Collins Pro Line Fusion
Pistons
Cessna 172S Skyhawk 1998 4 124 6402 $ 0.4 Textron Lycoming IO-360-L2A Garmin G1000
Cessna Turbo Skylane T182T 1996 4 145 9152 $ 0.5 Textron Lycoming TIO-540-AB1A5 Garmin G1000
Cessna Turbo Stationair T206H 1998 6 164 7032 $ 0.6 Textron Lycoming TIO-540-AJ1A Garmin G1000
Cessna TTx 2013 4 235 1,2502 $ 0.7 Continental Motors TSIO-550-C Garmin G2000
Beechcraft Bonanza G36 20053 6 176 9202 $ 0.8 Continental Motors IO-550-B Garmin G1000
Beechcraft Baron G58 20053 6 202 1,4802 $ 1.4 Continental Motors IO-550-C Garmin G1000
Military
Beechcraft T-6 1998 2 316 1,382 N/A4 Pratt & Whitney PT6A-68 Esterline CMC 3000
Beechcraft AT-6 TBD 2 316 1,725 N/A4 Pratt & Whitney PT6A-68D Esterline CMC 3000
  1. Estimate of first delivery
  2. 45 minute fuel reserve
  3. Current configuration with G1000 avionics
  4. Contact Beechcraft Defense Company for aircraft and support package pricing

2015 Business Jet MSRPs

(Dollars in millions)

Citation Product Line Competition
Source: B&CA Purchase Planning Handbook edition and Textron Aviation Data.

Pre-Owned Citations for Sale

(As a percent of fleet)

Aftermarket Sales

(Dollars in millions)

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