Third Cessna Citation Mustang Makes First Flight

January 30, 2006

Wichita, KS - January 30, 2006 – Cessna Aircraft Company's third Citation Mustang – the second production aircraft (serial number two) – made its first flight Friday, joining the Mustang prototype and first production aircraft (serial number one) in the Mustang development and certification flight test program. The three aircraft are being used for Federal Aviation Administration certification targeted for late 2006.

The first flight of this aircraft was a week ahead of schedule, keeping the certification program on track, according to Russ Meyer III, Citation Mustang program manager.

Citation Mustang serial number two will primarily be used for systems certification, function and reliability tests and post-certification service tests. The 90-minute first flight puts the Mustang certification flying program at more than 360 flights and 580 hours. The Citation Mustang prototype is primarily being used for aerodynamic and performance certification, and serial number one is being used for systems and avionics development and certification.

Other recent milestones include certification of the two Pratt & Whitney Canada PW615F dual-channel FADEC engines Dec. 30 and completion of all 23 major static airframe tests Jan. 9.

The Citation Mustang is the first Citation business jet that will be built at Cessna's Independence, Kan., facility. The prototype and serial numbers one and two were built in Wichita with Independence employees' participation. Serial number three was started in Wichita and transitioned to Independence along with the Mustang production tooling. Serial number four will be the first Mustang started and finished in Independence and will be delivered to Cessna's marketing department as a demonstrator.

The Citation Mustang was announced at the 2002 National Business Aviation Association (NBAA) convention. With more than 230 orders, the Citation Mustang is sold out into 2009. The six-seat Citation Mustang will be certified as a FAR Part 23 aircraft, with an anticipated cruise speed of 340 knots, and maximum operating altitude of 41,000 feet.

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. Cessna is a subsidiary of Textron Inc.

Textron Inc. (NYSE: TXT) is a $10 billion multi-industry company with 46,000 employees operating in 36 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, Jacobsen, Kautex, Lycoming, E-Z-GO and Greenlee, among others. More information is available at www.textron.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.

Forward-looking Information: Certain statements in this report and other oral and written statements made by Textron from time to time are forward-looking statements, including those that discuss strategies, goals, outlook or other non-historical matters; or project revenues, income, returns or other financial measures. These forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contained in the statements, including the following: [a] changes in worldwide economic and political conditions that impact interest and foreign exchange rates; [b] the interruption of production at Textron facilities or Textron's customers or suppliers; [c] Textron's ability to perform as anticipated and to control costs under contracts with the U.S. Government; [d] the U.S. Government's ability to unilaterally modify or terminate its contracts with Textron for the Government's convenience or for Textron's failure to perform, to change applicable procurement and accounting policies, and, under certain circumstances, to suspend or debar Textron as a contractor eligible to receive future contract awards; [e] changes in national or international funding priorities and government policies on the export and import of military and commercial products; [f] the adequacy of cost estimates for various customer care programs including servicing warranties; [g] the ability to control costs and successful implementation of various cost reduction programs; [h] the timing of certifications of new aircraft products; [i] the occurrence of slowdowns or downturns in customer markets in which Textron products are sold or supplied or where Textron Financial offers financing; [j] changes in aircraft delivery schedules or cancellation of orders; [k] the impact of changes in tax legislation; [l] the extent to which Textron is able to pass raw material price increases through to customers or offset such price increases by reducing other costs; [m]Textron's ability to offset, through cost reductions, pricing pressure brought by original equipment manufacturer customers; [n] Textron's ability to realize full value of receivables and investments in securities; [o] the availability and cost of insurance; [p] increases in pension expenses related to lower than expected asset performance or changes in discount rates; [q] Textron Financial's ability to maintain portfolio credit quality; [r] Textron Financial's access to debt financing at competitive rates; [s] uncertainty in estimating contingent liabilities and establishing reserves to address such contingencies; [t] performance of acquisitions; [u] the efficacy of research and development investments to develop new products; [v] bankruptcy or other financial problems at major suppliers or customers that could cause disruptions in Textron's supply chain or difficulty in collecting amounts owed by such customers; and [w] Textron's ability to execute planned dispositions.

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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