Cessna Progresses on Relocating Corvalis Final Assembly to Independence

July 27, 2009
Oshkosh, WI - July 27, 2009 - Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, said today it expects to begin line flow for final assembly of the Corvalis high-performance single-engine piston aircraft in Independence, Kan., by Oct. 1.

Both aircraft - the Cessna Corvalis TT (twin turbo) and Corvalis (normally-aspirated) - are on display at the Experimental Aircraft Association’s annual week-long conference - AirVenture 2009.

Cessna acquired certain assets of Columbia Aircraft Manufacturing Co. in December 2007. Since then, in addition to making a number of significant improvements to the aircraft and its global product support, Cessna renamed these aircraft. The Corvalis TT is the world's fastest fixed-gear single-engine piston aircraft with a top speed of 235 knots (435 km/hr) and a service ceiling of 25,000 feet (6,620 m).

“It was a very hard decision to close the facility in Bend, Ore., and the world class people there have been over the top in their commitment to help train others to produce the aircraft,” said Rod Holter, vice president of Mustang/ Single-Engine Piston and Outlying Operations. “We expect approximately 40 current Bend employees to transfer to Kansas - production experts to Independence and engineers to Wichita. Our focus is on ensuring the same quality product is delivered from our world class facility in Independence. The investment we’re making in time and in people will make sure the tradition continues.”

A dedicated portion of the Independence factory has been cleared and readied for the Corvalis assembly and the relocation of all tooling and equipment is complete. Spare parts are in stock for availability to existing customers throughout the transition process.

In June, Cessna began Corvalis customer deliveries from Independence’s new delivery center, where the company also delivers the Cessna Skyhawk, Skylane, Stationair and the Citation Mustang.

To follow Cessna on Twitter during Oshkosh, go to www.twitter.com/fly_cessna

About Cessna Aircraft Company
Based on unit sales, Cessna Aircraft Company is the world's largest manufacturer of general aviation airplanes. In 2008, Cessna delivered 1,301 aircraft, including 467 Citation business jets, and reported revenues of about $5.662 billion. Since the company was originally established in 1927, some 192,000 Cessna airplanes have been delivered around the world, including more than 5,700 Citations, making it 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 multi-industry company that leverages its global network of aircraft, defense, 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, and Textron Systems. 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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