Cessna Announces Citation Mustang Order from Russia’s Dexter

May 20, 2008
Geneva - May 20, 2008 - Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, announced today at the European Business Aviation Convention & Exhibition (EBACE) an order for 20 Citation Mustangs from Russian air taxi operator Dexter.

“Dexter's order is a strong sign of the strength of the business jet market in Eastern Europe, particularly within Russia,” said Roger Whyte, senior vice president, Sales & Marketing for Cessna. “It is also a sign of the strength of the Mustang program – great economics, great performance and great production. We designed the Mustang to be every bit as reliable and robust as any other Citation in the stable, and that makes it quite suitable for the high utilization operations it will see at Dexter.”

Cessna expects certification for the Citation Mustang by Russian authorities in early 2010. The Mustang, still the only aircraft in a new class of entry-level business jets to be fully operational, is already certified in more than 47 countries.

“Since our first flight in 2006, our Moscow-based operation is the first air taxi in the country offering the intelligent alternative for business travelers,” said Dexter Chief Executive Officer Eugene Andrachnikov. “The company created an entirely new ‘low cost business aviation' mode of transportation that complements travel by car, train and traditional air carriers in Russia.”

Dexter plans to expand its fleet of new Swiss Pilatus PC-12 aircraft with the Citation Mustang to create a national air taxi network. Dexter is funded by two Russian private equity groups, Industrial Investors and Kaskol, both with strong expertise in the transportation sector.

About Cessna Aircraft Company
Based on unit sales, Cessna Aircraft Company is the world's largest manufacturer of general aviation airplanes. In 2007, Cessna delivered 1,272 aircraft, including 387 Citation business jets, and reported revenues of about $5 billion. Cessna has a current backlog of $14.5 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 5,100 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 $13.2 billion multi-industry company operating in 34 countries with approximately 44,000 employees. The company leverages its global network of aircraft, defense and intelligence, 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 www.textron.com.

Forward-looking Information: Certain statements in this release are forward-looking statements and 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 but not limited to the following: [a] changes in worldwide economic and political conditions that impact demand for our products, interest rates and foreign exchange rates; [b] the interruption of production at our facilities or at our suppliers' facilities; [c] the timing of new product launches and certifications of new aircraft products; [d] the occurrence of slowdowns or downturns in customer markets in which our products are sold or supplied; [e] changes in aircraft delivery schedules or cancellation of orders; [f] the launching of significant new products or programs which could result in unanticipated expenses; [g] changes in national or international government policies on the export and import of commercial products; and [h] bankruptcy or other financial problems at major suppliers that could cause disruptions in our supply chain.

Connect with Textron IR

David Rosenberg, Vice President, Investor Relations
(401) 457-2288
Kyle Williams, Manager, Investor Relations
(401) 457-2288

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