Upgrades for Cessna Business Aircraft May Qualify for Bonus Depreciation

March 04, 2009
Wichita, KS - March 4, 2009 – Officials in Cessna Aircraft Company's Customer Service organization said today enhancements made to Cessna business aircraft in 2009 may qualify for the new bonus depreciation tax treatment included in the recent federal stimulus legislation, depending on the tax accounting treatment a company uses for the upgrade. Cessna is a Textron Inc. (NYSE: TXT) company.

"This is a good time to consider enhancements to your Citation, such as a glass cockpit, productivity features in the cabin, upgraded operational or navigational systems," said Mark Paolucci, senior vice president, Cessna Customer Service. "As long as the upgrade adds value to the aircraft or increases the life of the aircraft, it may qualify for favorable bonus depreciation tax treatment in 2009.*"

Paolucci said Cessna already offers a number of value-adding upgrades for Citations such as communications upgrades, avionics upgrades, TCAS and radar upgrades, enhanced instrumentation, RVSM, WAAS/FMS updates, interior upgrades, and new paint.

"Cessna knows the personality of your airplane better than anyone, which means we can better advise you about the systems or upgrades we offer that will enhance the safety and operation of the aircraft. As a result of the current business climate, utilization is lower which makes now the perfect time to schedule major upgrades - less disruption to operations," Paolucci said. The upgrades must be installed on the aircraft before December 31, 2009 to qualify.

Cessna owns or operates nine Citation Service Centers in the U.S. and Europe, including the newest center in Mesa, Ariz. For more information on available aircraft modifications, contact a Cessna representative at 888-85-SERVICE (888-857-3784).

*Cessna Aircraft Company may not give tax advice, though we will work with your accounting professionals closely to ensure they have the information they need to advise you on what is best for your company. This press release constitutes information only that may or may not apply to your specific tax situation. Cessna Aircraft Company strongly advises any customer that desires to take advantage of the bonus depreciation rules to consult with their tax advisor/consultant to fully understand how this would affect their specific tax situation prior to making any expenditure.

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. Cessna has a backlog of $14.5 billion as of December 31, 2008. 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 http://www.cessna.com.

About Textron Inc.
Textron Inc. is a $14.2 billion multi-industry company operating in 28 countries with approximately 42,000 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, Textron Systems and Textron Financial Corporation. More information is available at www.textron.com.

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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