July 23, 2012

Cessna Announces ProAdvantage Program for Cessna Caravan Customers

OSHKOSH, Wis., July 23, 2012 — Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, announced today that is has extended its industry-leading ProAdvantage programs to its current production Cessna Caravan product line, including the newly announced Cessna Grand Caravan EX.

The ProAdvantage family of programs is a managed cost of operations solution, which assists customers in managing their long-term costs for maintenance coverage. The programs offer simplified billing processes based on annual utilization. Parts are ordered directly from Cessna or a Cessna Authorized Facility and parts usage claims are filed by the customer or service facility. ProAdvantage customers may obtain Original Equipment Manufacturer (OEM) quality parts through a predictable budgeting process and may enhance the resale value of their aircraft.

Cessna’s Caravan ProParts program is available as part of the ProAdvantage family of programs. The ProParts program covers all airframe system and avionics parts, including wheels, brakes, valves, motors, actuators, gauges, instruments and the propeller. It also covers scheduled and unscheduled maintenance events, all mechanical components on the airframe and the entire avionics suite. An option is also available to cover the TKS ice protection system.

“Cessna continues to be among the industry leaders in terms of parts cost and availability,” said Lannie O’Bannion, Cessna business leader for the Caravan. “Extending the ProParts ProAdvantage programs to our Cessna Caravan product line provides our Caravan customers peace of mind relative to managing their direct operating costs while simplifying the billing and budgeting process.”

The Caravan ProAdvantage contract is available for three years or 1,200 hours, with a minimum requirement of 100 hours per year.

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About Cessna
Cessna is the world's leading general aviation company. Since its inception in 1927, Cessna has designed, produced and delivered more than 193,500 airplanes around the globe. This includes more than 6,300 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 2011, Cessna delivered 689 aircraft, including 183 Citation business jets, and reported revenues of $2.990 billion. More information about Cessna Aircraft Company is available at cessna.com.

About Textron
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.