Adam Aircraft Suspends Operations

Englewood, Colorado, February 11, 2008 —— In a difficult but necessary move, Adam Aircraft Industries suspended operations today at its facilities in Colorado. This measure was required due to the inability of the company to come to terms with their lender for funding necessary to maintain business operations. The company is currently exploring all of its alternatives and will provide further guidance when decisions are made, which is expected to be later this week.

Cessna Details New Citation Columbus Aircraft;

Cessna Aircraft Company, revealed at a press conference details of the recently announced large cabin, intercontinental aircraft, the Model 850 Citation Columbus. Cessna was given the go-ahead for the program by the Textron board of directors on Jan. 23.

The Citation Columbus is designed for intercontinental travel with a target range of 4,000 nautical miles (7,408 kilometers) at Mach .80 carrying eight passengers. Preliminary performance numbers set a maximum cruise speed of 488 knots (904 kilometers per hour, Mach .85), a maximum operating speed of Mach .86, a full fuel payload of 1,950 pounds (886 kilograms) and takeoff field length of 5,400 feet (1,646 meters) at maximum takeoff weight.

Joining Cessna on the program are Pratt & Whitney Canada, a United Technologies (NYSE: UTX) company, with its new PW810 engine and Rockwell Collins (NYSE: COL), supplying its Pro Line Fusion™ advanced avionics system. Cessna has reached an agreement in principle with Spirit AeroSystems (NYSE: SPR) to produce the fuselage and empennage. Details will be finalized in the coming weeks. Read More at Cessna's Website.