Bonus Depreciation Extension Brings Increased Activity for Cessna

November 11, 2010

Long Beach, CA – November 11, 2010 – Executives at Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, said today at the opening of the annual Aircraft Owners and Pilots Association (AOPA) Aviation Summit the company has seen an increase in customer interest in its single-engine piston attributed to the recent extension of the federal bonus depreciation tax clause included in a small business stimulus bill recently passed by Congress.

“It is still too early to say to what extent the legislation will have on end-of-year sales numbers, but we can say we’ve seen a noticeable increase in activity in the market since passage of the bill in September,” said Mark Patterson, Cessna director of propeller aircraft sales.

Under terms of the Small Business Jobs Act of 2010, aircraft purchased as a business tool between Jan.1 and Dec. 31, 2010 may qualify for accelerated depreciation equal to 50 percent of the purchase price, in addition to regular depreciation allowed on the remaining 50 percent.

The bonus depreciation clause of a similar law which expired at the end of 2009 was, according to customers surveyed, a major factor in 41 percent of Cessna’s domestic aircraft sales in the fourth quarter last year.

About Cessna Aircraft Company
Cessna is the world's leading general aviation company, based on unit sales, with five major lines of business: Citation business jets, Caravan single-engine turboprops, Cessna single-engine piston aircraft, aftermarket services and lift solutions by CitationAir. In 2009, Cessna delivered 754 aircraft, including 289 Citation business jets, and reported revenues of about $3.3 billion. Since the company was originally established in 1927, more than 192,000 Cessna airplanes have been delivered around the world, including more than 6,000 Citations, making it the largest fleet of business jets in the world. More information about Cessna Aircraft Company is available at

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

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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