Cessna Continues Consideration of Large Cabin Business Jet Concept

September 24, 2007

Atlanta, GA - September 24, 2007 - One year after revealing its new large cabin concept (LCC) aircraft, Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, continues to perform exploratory design work with the goal of announcing in the first quarter of 2008 a decision on whether to proceed.

"After unveiling the concept at last year's National Business Aviation Association (NBAA) event, we took the mockup to the European Business Aviation Convention & Exhibition and the Paris Air Show to get opinions from a diverse sample of potential customers for a large-cabin, long-range business jet," said Joe Hepburn, program manager for the LCC. "This seems like a logical extension of the Citation family, but we are being comprehensive in examining the business case for adding this aircraft to our product line."

Cessna is progressing through a wind tunnel program to investigate range, speed and stability characteristics of the large cabin aircraft configuration. In the fourth quarter, the company will conduct tests in Bedford, England to determine high speed characteristics and in San Diego, CA to examine low speed handling qualities and high lift systems.

The LCC would be capable of intercontinental travel and would be the largest business jet ever developed by Cessna. A full scale mockup of the LCC will be exhibited at the company's booth (#8550) from Sept. 25-27 at NBAA.

Based on unit sales, Cessna Aircraft Company is the world's largest manufacturer of general aviation airplanes. In 2006, Cessna delivered 1,239 aircraft, including 307 Citation business jets, and reported revenues of about $4.2 billion and a backlog of $8.5 billion. Since the company was originally established in 1927, some 190,000 Cessna airplanes have been delivered to nearly every country in the world. The global fleet of more than 5,000 Citations is the largest fleet of business jets in the world. More information about Cessna Aircraft Company is available at http://www.cessna.com.

Textron Inc. is an $11 billion multi-industry company operating in 32 countries with approximately 40,000 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 Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, Fluid & Power, Textron Systems and Textron Financial Corporation. More information is available at http://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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