Cessna Demonstrates Continued Strength of Business with the Debut of Two New Business Jets at NBAA

October 16, 2006

Orlando, Florida - October 16, 2006 – Cessna Aircraft Company, the world's leading manufacturer of general aviation aircraft and a Textron Inc. (NYSE: TXT) company, demonstrated the strength of its business today at the National Business Aviation Association convention and annual meeting by debuting two new business jet models.

According to Cessna Chairman, President and Chief Executive Officer Jack J. Pelton, "This has been a great year for general aviation, as evidenced by what looks to be a record turnout at this year's NBAA. As all businesses work to do more with their time and resources, shareholders and CFOs are rightly regarding business jets as valuable tools that enhance productivity and efficiency. It's clear general aviation is a catalyst that helps strengthen the competitive position of business in our global economy."

Pelton said the company's backlog is now some $6.8 billion. "We expect to deliver 300 jets in 2006 and our goal is 370 in 2007, which will include 40 Citation Mustangs," he said. "Even at this higher production level, at the end of the second quarter we were about 90 percent sold out for next year with only 35 available slots."

At this year's NBAA, Cessna is debuting the Citation CJ4 and the Citation XLS+. In addition, Cessna is showing a concept for a larger cabin Citation business jet.

"We are excited about bringing these two new airplanes to the show," Pelton said. "The Citation CJ4 is designed to fill a niche in the company's product line for a larger, longer-range version of the popular CJ line, and the XLS+ will take the world's most popular business jet and integrate the latest technologies and amenities our customers have asked for. In addition, our larger cabin concept is in its infancy, and we are actively seeking customer feedback on how to shape this concept."

The Citation Mustang will also be a star at this year's show, Pelton said.

"The Mustang will be featured at Cessna's static display as the first of a new class of entry level business jets to win full Federal Aviation Administration type certification," he said. "The Citation Encore+ will also debut at our static display, less than a year after it was announced at last year's NBAA."

The Cessna static display will feature the full lineup Citations, the most complete array of business jets available. In its nearly 80-year history, Cessna has manufactured more than 187,000 aircraft, including 4,500 Citations, constituting the largest fleet of airplanes in the world.

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.

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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