E-Z-GO 2003 Annual Report Download - page 7

Download and view the complete annual report

Please find page 7 of the 2003 E-Z-GO annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 76

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76

Our commitment to new product development has been unwavering through the downturn
that has affected our markets. These investments will deliver significant returns and further
strengthen our market leadership as our markets rebound.
Bell’s groundbreaking V-22 Osprey tiltrotor program will move into the operational evaluation
phase late in 2004. Upon program approval, the U.S. Department of Defense plans to pur-
chase 458 aircraft, representing $19 billion in total new revenue for Bell.
Bell continues to innovate and leverage this remarkable technology, developing a commercial
version, the BA609, with first deliveries expected in 2008. In addition, the world’s first
unmanned tiltrotor – the Bell Eagle Eye – will bring unique benefits to the U.S. Coast Guard’s
Deepwater program, with a potential value of approximately $1 billion.
Bell has also been selected for the U.S. Government H-1 upgrade program, which calls for the
remanufacture of 100 Huey and 180 SuperCobra helicopters. Initial deliveries on this $5.6 bil-
lion program are slated for 2006.
Cessna’s three newest jets – the CJ3, Sovereign and Mustang – are bringing benefits such as
greater speed, range and lower price of entry to current and aspiring business jet owners. We
continue to offer the broadest, most modern and technologically advanced product line in the
industry.
We’re planning first deliveries of the CJ3 and Sovereign this year and expect to begin delivery
of the Mustang, our new entry-level jet, in 2006. Based on the strength of our new model
announcements, Cessna’s backlog was $4.4 billion at the end of 2003, and we are well posi-
tioned to benefit as demand for business jets rebounds.
Textron Fastening Systems has introduced the world’s first Intelligent Fastening Technology
that integrates microprocessing capability into the fastener. It has the potential to redefine how
the OEM world thinks about and deploys fastening systems.
5
Right: Bell Helicopter is
moving into the opera-
tional evaluation phase
for the revolutionary
V-22, which takes off
and lands like a tradi-
tional helicopter and by
tilting its rotors forward,
flies at the speed and
altitude of a fixed-wing
aircraft. It flies twice as
fast, has double the
payload and four times
the range of competing
helicopters.