E-Z-GO 2007 Annual Report Download - page 6

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Textron Systems also delivered a record 576 Armored Security
Vehicles (ASV) in 2007. I can’t overstate the importance of the ASV
and the pride we take in it. We are deeply moved by the men and
women in military service and their families who continue to write
letters thanking us for the ASVs that protect them and their loved
ones.
Cessna Enjoys Another Year of Strong Growth
and Changes the Rules in the Light Jet Segment
Cessna Aircraft celebrated its 80th anniversary in 2007 by deliver-
ing a record 387 jets. Its sales totaled $5 billion, up 20 percent from
the previous year. Textron’s Six Sigma Lean initiative played a key
role, helping Cessna manufacture and deliver more aircraft than
ever before.
There are so many developments we can point to with pride.
Among them, the business ramped up production of the new
Citation Mustang, with 45 delivered in 2007 and 100 scheduled for
delivery in 2008. A game changer in the light jet segment, the
Mustang brings jet ownership within reach of an entirely new
customer base. Then there’s the Cessna 162 SkyCatcher, a new
light sport aircraft unveiled in July. Not only is this an exciting new
market for Cessna, it marks the fi rst time that a Cessna-branded
product will be assembled in China. Launched at the very competi-
tive introductory price of $109,500, the SkyCatcher will be available
in 2009. We’ve already taken more than 900 orders.
We continue to invest in expanding capacity. For example, Cessna
broke ground in 2007 on a manufacturing expansion in Columbus,
Georgia, and on a Citation Service Center in Mesa, Arizona. Cessna
also introduced a new maintenance capability that allows the
company to service an aircraft directly at the customer’s facility in
many cases. With an active fl eet of about 5,000 Citations, fi nding
new ways to enhance customer service will be critical to long-term
success.
At Bell Helicopter, we continue to enhance our ability to meet
delivery commitments. We have strengthened the talent on the
operations side of the business, invested in new machine tools and
information technology systems, streamlined the business and
design processes and launched an employee engagement initiative.
As a result, Bell Helicopter has been able to expand commercial
ship deliveries by a 20 percent compounded annual growth rate
(CAGR) over the past two years and overall support/service
revenues by a 15 percent CAGR over the past four years.
2007 marked the fi rst deployment of the V-22, as the U.S. military
began using this innovative aircraft in Iraq. The V-22 combines the
vertical lift capability of a helicopter with the speed and range of
a turboprop airplane. Early feedback on its performance has been
positive, with the U.S. Marine Corps performing missions that
otherwise would not have been possible. Last year we delivered a
total of 14 V-22s to the U.S. Marine Corps and U.S. Air Force.
Additionally, during the year we delivered the fi rst 10 of an antici-
pated 280 H-1 attack and utility helicopters.
It has been a busy and productive year at Textron Systems, our
most active unit on the acquisition front. After the purchase of
Overwatch Systems in 2006 and United Industrial Corporation
(which owns AAI Corporation) in late 2007, Textron Systems is now
projected to be a $2 billion business in 2008. These acquisitions
move Textron Systems toward its goal of becoming a stronger, more
strategic player in precision engagement systems.
4
15
%
REVENUE GROWTH