Citation XLS Enter the European Market

May 24, 2004
Geneva, Switzerland - May 24, 2004 - Cessna's new Citation XLS is only a few short months away from its first customer delivery. The first production aircraft was rolled-out of Cessna's main manufacturing facility on April 17, 2004, and will be delivered during the summer of 2004. The first European delivery, to an operator in Portugal, is scheduled for the third quarter of 2004.

"We have already seen signs the XLS will be just as popular in Europe as its predecessor, the Excel," said Trevor Esling, Cessna's Director of International Citation Sales. "The Citation Excel is admired in Europe because of its performance, stand-up cabin, and price point. The features new XLS owners are most attracted to are the 150 nm improved range capabilities and the 34 knots greater cruise speed at maximum altitude."

Today, approximately 15% of Cessna's Citation Excel fleet operates in Europe. Countries with the largest Citation Excel population are England, Portugal, and Switzerland.

Cessna's philosophy of continuous product improvements has brought many benefits to the Citation XLS. The XLS travels at 430 ktas at 43,000 feet, has a NBAA IFR range of 1,798 nm, and state-of-the-art avionics suite.

Cessna Aircraft Company is a subsidiary of Textron Inc. (NYSE: TXT), 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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