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Cessna SkyCatcher Light Sport Aircraft Orders Top $75 Million

 

Wichita, Kan., Aug 9, 2007 – Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, announced today that orders for its newly announced SkyCatcher light sport aircraft (LSA) reached 720, totaling more than $75 Million, only two weeks after its official launch at the Experimental Aircraft Association's annual meeting, AirVenture 2007.

“It has been very exciting to see the overwhelmingly positive response from our customers on the SkyCatcher, and the affirmative reaction to this offering reflects the overall continuing strength in the general aviation market around the globe,” said Jack. J. Pelton, Cessna chairman, president and CEO.”

Cessna originally announced it was studying an LSA entry at the 2006 AirVenture in Oshkosh, unveiling a proof-of-concept aircraft to gauge market response. The company announced July 10 it would proceed with development of a new LSA product, and unveiled the SkyCatcher at a press conference on July 22, 2007.

The SkyCatcher features an exclusive Garmin glass cockpit - the G300 - and a Teledyne Continental O-200D 100-horsepower engine designed specifically for light sport aircraft.

Details and ordering information for the new Cessna SkyCatcher can be found at www.cessnaskycatcher.com/i-want-a-skycatcher or by contacting a local Cessna dealer.

Based on unit sales, Cessna Aircraft Company is the world's largest manufacturer of general aviation airplanes. In 2006, Cessna delivered 1,239 aircraft, including 307 Citation business jets, and reported revenues of about $4.2 billion and a backlog of $8.5 billion. Since the company was originally established in 1927, more than 189,000 Cessna airplanes have been delivered to nearly every country in the world. The global fleet of almost 5,000 Citations is the largest fleet of business jets in the world. More information about Cessna Aircraft Company is available at www.cessna.com.

Textron Inc. is an $11 billion multi-industry company operating in 32 countries with approximately 40,000 employees. The company leverages its global network of aircraft, 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 report 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 Textron facilities or Textron's customers or suppliers; [c] the occurrence of slowdowns or downturns in customer markets in which Textron products are sold or supplied or where Textron Financial offers financing; and [d] changes in aircraft delivery schedules or cancellation of orders.

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