LE BOURGET, France , June 19/PRNewswire-FirstCall/ -- K & F Industries Holdings, Inc. (NYSE: KFI) announced today that Aircraft Braking Systems Corporation (ABSC), its wholly owned subsidiary, has been chosen by Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, to be the supplier of wheels and brakes for its newest business jet, the Citation CJ4.
Cessna selected ABSC's 8-inch nose wheels, 10-inch main wheels and long-life steel brakes, which meet Cessna's reliability and durability standards and enable it to provide aircraft operators with low-cost ownership. Like Cessna's existing brake programs, a brake landing guarantee will be offered by Cessna through both the Pro Advantage operating cost programs as well as Citation Parts Distribution's comprehensive brake overhaul and exchange programs.
The eight-passenger CJ4 is the largest of Cessna's CJ series of business jets. The aircraft leverages the swept wing design used successfully on larger Cessna models in order to deliver superior flight performance from a small business jet. Projected cruise speed is 435 ktas, range 1,825 nm and service ceiling 45,000 ft. FAA certification is expected for late 2009 with initial deliveries planned for early 2010.
Kenneth M. Schwartz, K & F Industries president and chief executive officer, stated, "Cessna is the clear market leader in the light business jet category and we're very excited to be partnering with it on the newest addition to the extremely popular CJ family. K & F was chosen for the CJ4, in part, as a result of our reputation for providing dependable, long-life equipment and we look forward to continuing to work with Cessna as it delivers new, highly innovative aircraft to the rapidly growing business jet market in the future."
K & F Industries Holdings, Inc. is a worldwide leader in the manufacture of braking equipment for commercial transport, general aviation and military aircraft through its Aircraft Braking Systems Corporation subsidiary. The company manufactures a wide range of braking equipment including antiskid,auto-brake, brake-by-wire systems, and brake temperature monitoring systems as well as main and nose wheels, carbon and steel brakes, and ancillary equipment. Its products are installed on approximately 26,000 aircraft worldwide, more than any other supplier. In addition, K&F Industries operates Engineered Fabrics Corporation (EFC), a leading producer of aircraft fuel tanks, de-icing equipment and specialty coated fabrics used for storage, shipping, environmental and rescue applications for the commercial and military markets.
Forward Looking Statements
Some statements and information contained herein are not historical facts, but are "forward-looking statements," as that term is defined in the Private Securities Litigation Reform Act of 1995. In addition, the Company or its representatives have made and may continue to make forward-looking statements, orally, in writing or in other contexts, such as in reports filed with the SECor in press releases. These forward-looking statements may be identified by the use of forward-looking terminology, such as "believes," "expects," "may,""should" or the like, the negative of these words or other variations of these words or comparable words, or discussion of strategy that involves risk and uncertainties. We caution you that these forward-looking statements are only predictions, involve risks and uncertainties, and actual events or results may differ materially as a result of a wide variety of factors and conditions, many of which are beyond our control. Factors and conditions that might cause such a difference include those discussed in our periodic reports filed with the SEC. For more information, see the sections entitled "Forward-LookingStatements" and "Risk Factors" contained in our Form 10-K and in other filings. We undertake no obligation to revise these statements following the date of this press release.
SOURCE K & F Industries Holdings, Inc.
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