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Cirrus provides update of jet development

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Cirrus Design Corp. shared a few more details about the jet it is developing during a press conference Wednesday.

While Cirrus CEO Alan Klapmeier still aims to deliver on his promise to produce "the lowest, slowest, shortest-range jet," the company reports its test jet has hit a maximum speed of 319 knots -- the equivalent of 367 mph. However, the production model of the plane will more likely top out at around 300 knots.

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