Cessna Completes Third Airframe for SkyCatcher Development Program

July 14, 2008
Farnborough, England - July 14, 2008 - Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, announced today at the Farnborough International Airshow its engineering team has completed a third airframe in its development of the Model 162 SkyCatcher.

The third airframe serves as an ASTM (American Society for Testing and Materials) test article and has started static testing. The primarily aluminum aircraft will meet ASTM standard F2245 for the light sport category.

Two aircraft are being used for flight testing. The SkyCatcher prototype conducted its first flight March 8, followed by the May 1 flight of the first production model. The aircraft have accumulated nearly 80 hours for ASTM flight testing, which will be completed later this year. The second airframe is being equipped with a production interior and will debut at EAA AirVenture July 28-Aug. 3.

All engineering work and testing of the 162 will be completed in Wichita, Kan., at Cessna Aircraft Field Airport adjacent to McConnell Air Force Base. Flight testing to date has focused on gathering data and making minor refinements to ensure the aircraft complies with ASTM requirements and fulfills its intended role in the training and sport flying market.

An extensive Ground Vibration Test, though not an ASTM requirement, was conducted on the prototype to meet Cessna’s exacting standards for airframe integrity. Additional testing beyond the ASTM requirements will include a full airframe fatigue test on a production aircraft starting in mid-2009.

Beyond flight testing, design of the production assembly jigs and tooling by Shenyang Aircraft Corporation is progressing rapidly. All assembly tool designs are complete with 30 percent built and located in the assembly building. All detail tool designs to support fabrication are complete and are in process. Cessna has a cross-functional team located in Shenyang, China, working in the areas of Operations, Quality, Engineering, Manufacturing and Supply Chain.

Cessna announced the go-ahead for the SkyCatcher in July 2007. Deliveries are expected to begin in the second half of 2009, and at full-rate production, Cessna plans to produce up to 700 SkyCatchers a year.

Priced at $111,500 in 2007 dollars, the 162 is expected to cruise at speeds up to 219 kilometers per hour (118 knots) with a maximum range of 870 kilometers (470 nautical miles). The aircraft will feature a Garmin G300 avionics system. Information is presented in a single, split-screen primary flight display and multi-function display, or as two full-screen displays with an optional second screen. The aircraft will be capable of day and night, visual flight rules operations.

Preliminary design parameters for the SkyCatcher include a maximum gross weight of 599 kilograms (1,320 pounds), a service ceiling of 4,724 meters (15,500 feet), a useful load of 222 kilograms (490 pounds) and a usable fuel capacity of 91 liters (24 gallons). It has a cabin width at shoulder height of more than 1.12 meters (44 inches), equaling that of the much-larger, six-place Cessna 206 Stationair. It features two top-hinged cabin entry doors and forward pivoting seats giving access to a baggage compartment.

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 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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