Cessna, Machinists Ratify New Three Year Contract

Wichita, Kan.– Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, announced today it has reached an agreement for a three-year contract with members of Local Lodge 774 of the International Association of Machinists and Aerospace Workers(I.A.M.).

“This agreement is a true reflection of Cessna’s commitment to all employees and to our belief in the value of working collaboratively with the I.A.M. Without a doubt, Cessna has the best employees in the industry,” said Cessna Chairman, President and CEO Jack J. Pelton. “We believe this package is both beneficial to Cessna employees and competitive in today’s marketplace.”

The new contract will take effect on September 17, 2007.