Wichita, Kan., January 24, 2008 Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, announced today it will proceed with developing a large cabin, intercontinental aircraft to add to the top of its line of Citation business jets.
I wonder where they’ll build it?
Citation XII, can’t wait. Can’t even begin to tell you how good an airplane the Sovereign is.
Aw c’mon… try! Make us jealous.
Cessna Columbus to be built in Wichita (April 5/08)
During a hastily called news conference Saturday Cessna Aircraft Company President and CEO Jack Pelton announced the company’s newest business jet, the Columbus, will be built in Wichita.
Pelton says the company will spend $780 million on the development of the airplane, including the construction of a new assembly plant.
The Kansas Legislature approved $33 million in bonds to help secure the plant.
“The Kansas Legislature’s quick response to this project has cemented our decision, and Cessna is proud to call Kansas home for the Citation Columbus,” Pelton said, in a release. “With their quick action, the House and Senate leadership have shown the world that Kansas will compete for aviation jobs.”
Cessna says more than 1,000 jobs will be created with the assembly of the airplane, with an annual payroll of $74 million.
“From the beginning, Cessna was clear that they wanted to build this in Kansas,” said Kansas House Speaker Melvin Neufeld. “We knew we had tough competition from other states, but we also had the home court advantage. Our message is clear too - we want these companies and these jobs in Kansas.”