Cessna Announces First Sovereign Delivery and Improved Sovereign Performance

September 30, 2004
Wichita, KS - September 30, 2004 - Cessna celebrated the delivery of the first two Citation Sovereigns yesterday. The aircraft were delivered to customers in Mexico City, Mexico and Green Bay, Wisconsin, respectively.

In addition to receiving their keys to Cessna's newest midsize jet, the new Sovereign owners learned that the Sovereign's range is over 100 nm better than anticipated. The Sovereign is certified to carry 446 additional pounds of fuel and travel over 100 nm further at maximum cruise and altitude. The certified fuel capacity is 11,216 pounds at 6.7 pounds per gallon.

"The feedback we've received from customers, the FAA, and our sales team leads me to believe the Sovereign will be one of Cessna's best selling business jets," said Cessna's Senior Vice President of Sales and Marketing Roger Whyte. "We know this new range announcement will be favorably received by customers. Our original fuel capacity and range estimates were conservative, so this new final performance figure provides operators with more mission flexibility."

The Sovereign's performance numbers include a 459 knots cruise speed, 3,694 feet takeoff distance, 2,650 feet landing distance, and 47,000 foot ceiling. The Citation Sovereign has the largest cabin and best runway performance of any midsize aircraft in production. The Sovereign will accommodate up to 12 passengers and a crew of two, and 100 cubic feet, or 1,000 pounds, of external baggage.

Cessna has received over 100 firm Sovereign orders that are worth over $1.5 billion in backlog.

Cessna Aircraft Company is a subsidiary of Textron Inc. (NYSE: TXT). Textron is a $10 billion multi-industry company with more than 43,000 employees in 40 countries. 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, Kautex, Lycoming, E-Z-GO and Greenlee, among others. More information is available at www.textron.com. More information about Cessna Aircraft Company is available at www.cessna.com.

For additional information or questions about the general aviation industry, contact the General Aviation Manufacturers Association (GAMA) at 202-393-1500 or www.GAMA.aero.

Connect with Textron IR

Eric Salander, Vice President, Investor Relations
(401) 457-2288
Cameron Vollmuth, Manager,
Investor Relations (401) 457-2288

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