Cessna Delivers First Citation Mustang, Gains FAA Production Certificate

November 22, 2006

First in a New Category of Entry-Level Jets to Receive Type Certification

Wichita, KS – November 22, 2006 – Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, today delivered its first Citation Mustang business jet following award by the Federal Aviation Administration (FAA) of the production certificate (PC) for the aircraft's Independence, Kan., assembly line.

The first Citation Mustang was delivered to Mustang Management Group (MMG), based in Fresno, Calif., which will allow Cessna to lease the aircraft back for a period of ten months for use as a demonstrator. MMG then plans to use the Mustang in its Scott Aviation subsidiary for flight training.

The PC authorizes Cessna to produce, flight test and grant airworthiness certificates for the Mustang. Full FAA type certification (TC) for the Citation Mustang was awarded Sept. 8, making it the first in a new category of entry level jets to receive a TC from the FAA.

"We are very proud to be the owners of the first Mustang because we know the Mustang is an iteration of the most successful line of business jets in the world, with the sales and support network to stand behind it," said Kent Scott, president of MMG, Scott Aircraft, and Scott Aviation.

"All of us at Cessna are ecstatic to have these two significant milestones occur in one day – the delivery of the first Citation Mustang and the awarding of the FAA production certificate," said Cessna Chairman, President and Chief Executive Officer Jack J. Pelton. "Cessna and the FAA have been working together for months, using our vast jet-building experience as a foundation, and developing new, advanced production and tooling systems to ensure an efficient ramp-up to full production.

"The result of this work is validation by the FAA that our processes, our assembly methods, and our product quality meet their standards for serial production," Pelton said.

The Scott Companies currently have fixed base operations at Fresno International Airport and Fresno Chandler Executive Airport. Their operations include fuel and maintenance services, aircraft sales services, charter services, parts services and they are an authorized Cessna Pilot Center flight school.

The first delivery to a customer who will put the Mustang into regular service will be in the coming months. Cessna expects to deliver 40 Mustangs in 2007, and production will ramp up through 2009. The six-place Citation Mustang has a top speed of 340 ktas (nearly 400 miles per hour), a range of 1,150 nautical miles (1,323 statute miles/2,130 km – NBAA IFR Reserves) and a service ceiling of 41,000 feet (12,500 m) – well suited for getting above most weather and commercial traffic for more efficient operations.

About Cessna Aircraft Company

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.

About Textron Inc.

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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