Scott Ernest, President & CEO of Cessna Aircraft Company, a Textron Inc. (TXT) company, will discuss the company's business jet market outlook and provide updates on Cessna during the 65th NBAA Annual Meeting and Convention taking place in Orlando, Florida. Cessna Aircraft said it believes it can achieve a modest uptick in deliveries of Citation business jets this year.
Ernest said "Looking forward, given softness in global economic markets and political and budget uncertainties in the United States, it appears that global demand for business jets will be challenging again next year."
Cessna Aircraft said it continues to invest in new and upgraded products such as its new M2, Sovereign and Citation X models, all of which are scheduled for roll-out in 2013, plus the new Latitude and Longitude business jets, planned for introduction in 2015 and 2017.
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