Cessna and IAM Ratify New Contract

September 11, 2004
Wichita, KS - September 11, 2004 - On Saturday, September 11, 2004, members of Local Lodge 774 of the International Association of Machinists and Aerospace Workers (IAM) enthusiastically approved a new collective bargaining agreement with Cessna Aircraft Company. The new 36-month contract will take effect on Monday 13 September 2004 and run through 16 September 2007. Cessna currently employs approximately 10,000 employees, of these, the collective bargaining agreement represents 4,300 employees.

Jack J. Pelton, Cessna's President and CEO said, "I am very pleased with the contract resulting from this negotiation. We have an agreement that provides for very competitive wages and benefits. It also supports our relationship with the I.A.M. that is dedicated to improving quality, productivity and developing an environment of participation, all aimed at maintaining our leadership position in the General Aviation industry."

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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