Cessna Announces Special Program for Citation Mustang Customers

November 06, 2008
San Jose, CA - November 6, 2008 - Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, is partnering with Cessna Finance Corporation on a special program for Citation Mustang buyers. These customers are eligible to lease a Cessna 400 during the time between order and delivery of their new Mustang with no purchase obligation for the Cessna 400.

“This is a great solution for Mustang customers who are waiting to take delivery yet have an immediate need for an aircraft. The Cessna 400 is the fastest fixed-gear single-engine piston on the market today, and is a natural stepping stone into the Mustang,” said Tom Aniello, Cessna’s vice president, Marketing.

Last month at the National Business Aviation Association Meeting and Convention in Orlando, Fla., Cessna announced it has an average of three Mustangs rolling off the production line each week at its Independence, Kan., manufacturing facility. At full rate, employees on the Mustang line are scheduled to deliver 150 entry-level business jets per year starting in 2009.

The current fleet of Citation Mustangs totals roughly 125 aircraft that have accumulated more than 19,000 flight hours, and the high-time aircraft has logged more than 500 hours. The Mustang is currently certified in 51 countries.

Cessna acquired certain assets of the Bend, Ore., operation in December 2007. The company has since rebranded the models and transitioned the Bend, Ore., composite aircraft facilities. Cessna expects to deliver 150 Cessna 350/400 high-performance, low-wing composite aircraft this year.

Both the Citation Mustang and Cessna 400 are on static display at Mineta San Jose International Airport during AOPA Expo 2008.

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 backlog of $15.6 billion as of September 30, 2008. Since the company was originally established in 1927, some 191,000 Cessna airplanes have been delivered around the world, including more than 5,400 Citations, making it the largest fleet of business jets in the world. More information about Cessna Aircraft Company is available at http://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

Eric Salander, Vice President, Investor Relations
(401) 457-2288
Cameron Vollmuth, Manager,
Investor Relations (401) 457-2288

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