March 27, 2012

Cessna Corvalis TTX Moving Ahead

LAKELAND, Fla., March 27, 2012 — Cessna Aircraft Company, a Textron Inc. (NYSE: TXT)
company announced today at the Sun ‘n Fun International Fly-In & Expo in Lakeland, Fla., that line flow has commenced for the Cessna Corvalis TTX. The TTX is a high-performance, single-pilot luxury aircraft that holds the distinction of being the fastest commercial certified piston-driven aircraft currently in production.

“The TTX program has been moving steadily along through various certifications and testing phases,” said Terry Shriner, Cessna TTX business leader. “An excellent team of engineers and skilled manufacturing people have worked hard on this project, and to see it put in motion is exciting to watch.” The production lines have begun the bonding processes on the all-composite TTX fuselage, as well as commencing work on the wing skins and internal components.”

The TTX is replacing the Corvalis TT, and brings with it new capabilities; most notably, the optional Flight Into Known Icing (FIKI) system. This proven de-icing technology extends the mission capabilities of the TTX. The FIKI system can provide up to 2 ½ hours of protection from most ice attaching to the airframe with virtually no impact on the aircraft’s performance. An aircraft equipped with FIKI offers greater value, allowing business and recreational plans to stay on schedule even when some adverse weather conditions are encountered.

The twin turbocharged TTX power plant and composite construction help make the TTX one of the strongest performers in its class. The avionics suite has been upgraded from the Corvalis TT, and includes intuitive Garmin GTC touch screens as part of the Cessna Intrinzic™ avionics suite powered by the Garmin G2000 system. New paint designs are available, as well as an increased selection of cabin interior choices.

The TTX has a seating capacity for four and a class-leading cruise speed. The certified ceiling is 25,000 feet (7,620 meters), allowing the TTX to overfly most adverse lower-altitude weather systems. The TSIO-550-C turbocharged engine is manufactured by Continental Motors, and has a maximum power output of 310 horsepower. Usable fuel capacity is 102 gallons (386 liters). Shriner expects to begin deliveries of the TTX in late 2012.

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Cessna is the world’s leading general aviation company. Since its inception in 1927, Cessna has designed, produced and delivered more than 192,500 airplanes around the globe. This includes more than 6,100 Citation business jets, making it the largest fleet of business jets in the world. Today, Cessna has two principal lines of business: aircraft sales and aftermarket services. Aircraft sales include Citation business jets, Caravan single-engine utility turboprops, single-engine piston aircraft and lift solutions by CitationAir. Aftermarket services include parts, maintenance, inspection and repair services. In 2010, Cessna delivered 535 aircraft, including 179 Citation business jets, and reported revenues of $2.6 billion. More information about Cessna Aircraft Company is available at cessna.com.

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 textron.com.