Cessna Considers New Options for Next-Generation Propeller Aircraft Project

April 08, 2008
Lakeland, FL - April 8, 2008 - Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, is continuing to define the design parameters for the next generation propeller (NGP) aircraft program.

Concurrent with the integration of the Cessna 350/400 aircraft into the single-engine product line, Cessna is working on positioning the NGP to fit logically into its product lineup.

“Our team is working on finalizing the configuration,” said Van Abel, Cessna's project engineer for the NGP. “We continue to evaluate features and materials that will produce a new, unique aircraft family with a potential for multiple powerplants. With the 350 and 400 models now in our family, we have a unique opportunity to explore interesting and exciting concepts for the next family of Cessna propeller aircraft.”

The NGP proof-of-concept made its first flight on June 23, 2006, and debuted to the public at the EAA AirVenture Oshkosh that year. Since then, engineers have collected performance numbers and made aerodynamic modifications based on those figures.

Meanwhile, Cessna has displayed the concept at numerous air shows to gather customer feedback, while a cross-functional team continues to assess the business case for adding a family of innovative airplanes that would set new standards among single engine aircraft for performance, comfort and value.

No performance data or specifications will be released until Cessna makes a launch decision on the program.

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 $12.6 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, 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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