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| Looking up in a down economy Many of our businesses performed well in 2002, while building a solid base for growth and profitability when the economy rebounds. As we promised, Bell Helicopter’s V-22 tiltrotor returned to flight testing, a vital first step toward full-rate production of this revolutionary aircraft. We expect the V-22 program to generate nearly $5 billion in revenue through the balance of the decade. Cessna Aircraft also rose to the challenge and fortified its leadership position in the business jet market. Cessna delivered 307 business jets in 2002, nearly matching its record of 313 business jets in 2001. Even with the slight decline in deliveries, Cessna had the highest revenue in its history. In addition, Cessna achieved one of aviation’s most successful business jet introductions when it unveiled the new Mustang model, accumulating over 325 orders as this annual report went to press. All told, Cessna recorded more than 525 jet orders in 2002, including 164 orders for the new CJ3 model, which was also unveiled in 2002. The combined backlog for Bell and Cessna exceeds $6 billion as we enter 2003.
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