Cessna Delivered Record 387 Business Jets in 2007; Backlog at $12.6 Billion

January 24, 2008
Wichita, KS - January 24, 2008 - Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, delivered 1,274 aircraft in 2007 - including first deliveries of four models: the newly acquired (from Columbia Aircraft) Cessna 350 and 400 single-engine pistons, the all-new Citation Mustang entry level jet and the upgraded Citation Encore+ business jet.

During the year, Cessna delivered 387 business jets, 80 turboprops and 807 piston aircraft. In 2006, the company recorded deliveries of 307 business jets, 67 turboprops and 865 piston aircraft.

"From 2005 to 2007, our Citation deliveries increased by 130 jets, a 50 percent increase," said Jack J. Pelton, chairman, president and CEO of Cessna. "We're taking a smart approach, using the Textron Six Sigma program, in managing this growth to ensure our quality and customer support remains high and we maintain sustainable employment levels."

Also supporting the company's growth in 2007 was the continued expansion of the international business jet market. Business jet orders outside the United States accounted for 53 percent of Cessna's total orders in 2007, up from 48 percent in 2006.

The company plans to deliver 470 business jets in 2008.

Cessna's revenues for 2007 were $5.0 billion, up from $4.2 billion a year ago. The company's backlog grew to an all-time high $12.6 billion and total employment grew to more than 15,000.

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 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, 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.

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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