May 20, 2008 Cessna Receives 24 Citation Orders from JETALLIANCE at EBACE; Brings Year-to-Date JETALLIANCE Orders to 50

May 20, 2008
Geneva - May 20, 2008 - Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, announced today at the European Business Aviation Convention & Exhibition (EBACE) it has taken 24 business jet orders from Austrian charter giant JETALLIANCE. With orders placed during the first quarter, it brings year-to-date Citation orders from JETALLIANCE to 50.

The orders span virtually the entire Cessna Citation product range, from the Citation Mustang to the newly announced Citation Columbus. Deliveries start in 2010.

“We are pleased to announce JETALLIANCE's 2008 total orders today at EBACE. JETALLIANCE has done a remarkable job with its growth strategy since its beginning in 1996, and we are excited to be a part of the story,” said Roger Whyte, Cessna senior vice president, Sales & Marketing.

The 2008 orders consist of four Citation Mustangs, seven Citation CJ2+s, 11 Citation CJ3s, three Citation CJ4s, 10 Citation XLS+s, seven Citation Sovereigns, four Citation Xs, and four Citation Columbus aircraft.

JETALLIANCE Group is one of the world's leading business jet enterprises, offering a unique turnkey solution for business jet customers. With Jetalliance, the customer can purchase, finance, operate and maintain an aircraft. The Group's subsidiary, JETALLIANCE Flugbetriebs GmbH, operates a fleet of 35 aircraft with an average age of only three years – one of the youngest fleets in Europe. It operates under JAR OPS 1 in Europe, but is also FAA part 129 certificated allowing it to fly commercially in the United States and Canada.

“We find Cessna Citations to be perfect for most of our operations given their performance, low cost of operation and global support network,” said Lukas Lichtner-Hoyer, managing director of the JETALLIANCE Flugbetriebs GmbH. “As a result of our turnkey operation, and working together with Cessna and BTV, our financiers, we have seen a considerable expansion in our sales and operations in Eastern Europe and Russia in the last few years. This order is a confirmation of this success, as well as our view of the future potential of those markets.”

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 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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