Cessna Optimistic on Single-Engine Pistons, Turboprop Sales

November 06, 2008
San Jose, CA - November 6, 2008 - Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, brings seven aircraft and a positive outlook to AOPA Expo 2008, running Nov. 6-8 at the San Jose McEnery Convention Center.

“While the economic slowdown has created a difficult business environment, we are encouraged by brisk activity from new and existing propeller fleet operators placing almost 200 orders for 2009 production aircraft,” Cessna Chairman, President and Chief Executive Officer Jack J. Pelton said. “These customers use aircraft to generate revenue or complete missions, so the aircraft are tools that are essential to their businesses being successful. Flight schools, for example, need to continue to upgrade to all-glass cockpits in order to stay competitive in the training market.”

In July, Cessna and the University of North Dakota (UND) announced they had entered into a multi-year contract for Model 172 Skyhawks to be used for flight training in the university’s John D. Odegard School of Aerospace Sciences. UND will take delivery this month of the final Skyhawk in its initial order of 25.

Another long-time Cessna customer, the University of Dubuque, has ordered 10 Skyhawks to replace its current fleet of Model 172s. The school took delivery of five this summer and will receive the next five in summer 2009.

Incorporating the latest technology has buoyed single-engine piston sales and spurred record production levels for the Cessna Caravan turboprop, which now features the Garmin G1000 3-screen glass cockpit and GFC 700 digital autopilot as standard with an optionally available TKS ice protection system.

At its static display at Mineta San Jose International Airport, Cessna is displaying its broad product line, including the Skyhawk, Turbo Skylane, Turbo Stationair, Cessna 350, Cessna 400, Grand Caravan and Citation Mustang. Also at static, Cessna will debut its new mobile marketing vehicle, which offers an interactive experience with a flight simulator and multi-media kiosks providing information on the single-engine piston line.

Additionally, the company has a display at the San Jose McEnery Convention Center where it is displaying mock-ups of the SkyCatcher light sport aircraft and the Cessna 400.

Cessna currently has eight single-engine models and one in development; four Caravan models; and eight Citation models in production with two in the development process.

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

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

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