Wichita, KS - August 29, 2006 – Cessna Aircraft Company, a unit of Textron Inc. (NYSE: TXT), will introduce the CJ4, the newest member of the CJ family of Citation business jets, at the annual National Business Aviation Association convention in October.

"The market success of the CJ1+, CJ2+ and CJ3 proves that Cessna's basic philosophy for the family is right on target," said Roger Whyte, senior vice president of Sales/Marketing for Cessna. "While the CJ4 shares many of the features of the smaller CJs such as the Collins ProLine 21 avionics suite, we've made some cabin and airframe changes, such as a new wing, to optimize its performance for this market segment."

The main cabin features seating for seven to eight passengers, depending on layout, a large forward door, private lavatory, and large baggage compartment. Powered by two, electronically controlled (FADEC) Williams FJ44-4A engines, the CJ4 will be certified for operations up to 45,000 feet (13,700 meters). First flight of the CJ4 is scheduled for the first half of 2008 and entry into service is set for 2010.

"Cessna is known for using the latest technology in producing high quality, reliable aircraft, and for offering customers a product range that fits just about every market requirement," Whyte said. "The CJ4 is simply the latest manifestation of our philosophy, filling a market niche within our range of aircraft that we think will be very popular."

Whyte said Cessna will be taking orders for the CJ4 prior to the unveiling at NBAA, and promises other new announcements at the show.

Based on unit sales, Cessna Aircraft Company is the world's largest manufacturer of general aviation airplanes. In 2005, Cessna delivered 1,157 aircraft and reported revenues of about $3.5 billion. Since the company was originally established in 1927, more than 187,000 Cessna airplanes have been delivered to nearly every country in the world. The global fleet of more than 4,500 Citations is the largest fleet of business jets in the world. More information about Cessna Aircraft Company is available at www.cessna.com.

Textron Inc. is a $10 billion multi-industry company operating in 33 countries with approximately 37,000 employees. The company leverages its global network of aircraft, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft, Jacobsen, Kautex, Lycoming, E-Z-GO and Greenlee, among others. More information is available at www.textron.com.

Forward-looking Information: Certain statements in this report and other oral and written statements made by Textron from time to time are forward-looking statements, including those that discuss strategies, goals, outlook or other non-historical matters; or project revenues, income, returns or other financial measures. These forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contained in the statements, including the following: [a] changes in worldwide economic and political conditions that impact interest and foreign exchange rates; [b] the interruption of production at Textron facilities or Textron's customers or suppliers; [c] Textron's ability to perform as anticipated and to control costs under contracts with the U.S. Government; [d] the U.S. Government's ability to unilaterally modify or terminate its contracts with Textron for the Government's convenience or for Textron's failure to perform, to change applicable procurement and accounting policies, and, under certain circumstances, to suspend or debar Textron as a contractor eligible to receive future contract awards; [e] changes in national or international funding priorities and government policies on the export and import of military and commercial products; [f] the adequacy of cost estimates for various customer care programs including servicing warranties; [g] the ability to control costs and successful implementation of various cost reduction programs; [h] the timing of certifications of new aircraft products; [i] the occurrence of slowdowns or downturns in customer markets in which Textron products are sold or supplied or where Textron Financial offers financing; [j] changes in aircraft delivery schedules or cancellation of orders; [k] the impact of changes in tax legislation; [l] the extent to which Textron is able to pass raw material price increases through to customers or offset such price increases by reducing other costs; [m]Textron's ability to offset, through cost reductions, pricing pressure brought by original equipment manufacturer customers; [n] Textron's ability to realize full value of receivables and investments in securities; [o] the availability and cost of insurance; [p] increases in pension expenses related to lower than expected asset performance or changes in discount rates; [q] Textron Financial's ability to maintain portfolio credit quality; [r] Textron Financial's access to debt financing at competitive rates; [s] uncertainty in estimating contingent liabilities and establishing reserves to address such contingencies; [t] performance of acquisitions; [u] the efficacy of research and development investments to develop new products; [v] bankruptcy or other financial problems at major suppliers or customers that could cause disruptions in Textron's supply chain or difficulty in collecting amounts owed by such customers; and [w] Textron's ability to execute planned dispositions.