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March 24, 2004

Certified: Citation XLS

Cessna's New Jet Reaches Milestone

On Tuesday, Cessna made an announcement, which not only proves beneficial to its shareholders, but the business aviation industry as a whole. Cessna announced its Citation XLS has received FAA program approval less than six months since its introduction at the 2003 NBAA convention. The manufacturer claims the jet's final performance numbers are better than or identical to those announced.

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Adam Aircraft Has A New Chief

Adam Appoints Joe Walker As President

On Tuesday, Adam Aircraft announced the appointment of Joe Walker as President of the Company. Prior to his appointment last year to Adam Aircraft's Board of Directors, Walker had a distinguished career with other leading aircraft manufacturers. Most recently he was Senior Vice President of Worldwide Sales for Gulfstream Aerospace and Vice President of General Dynamics. He held senior roles at Gulfstream from 1995 to 2002 as the firm grew through an Initial Public Offering, and later an acquisition by General Dynamics. Walker is a multi-engine, instrument rated pilot and has owned several cabin-class piston twins. He holds a BS in aeronautical engineering and an MBA.

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Fighter Technology Moves Into Biz Av

Company Uses F-35 Lighting On Hawker Horizon 

Astronics Corporation announced Tuesday that its subsidiary, Luminescent Systems, Inc. (LSI), was awarded the contract to develop the landing and taxi lighting system for the Hawker Horizon. Scheduled for first delivery in late 2004, the Hawker Horizon will be Raytheon's largest business aircraft, with high cruise speed and intercontinental range. Astronics will use its metal halide high-intensity discharge (HID) technology in the landing and taxi light system for the Hawker Horizon.

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