Textron AirLand Introduces Scorpion ISR/Strike Aircraft

  Textron AirLand Introduces Scorpion ISR/Strike Aircraft

Commercially developed, affordable platform to satisfy broad range of U.S. and
                        partner nations defense needs.

Business Wire

PROVIDENCE, R.I. -- September 16, 2013

Textron AirLand, LLC, a joint venture between Textron Inc. (NYSE: TXT) and
AirLand Enterprises, LLC, today unveiled its Scorpion prototype, a versatile
Intelligence, Surveillance and Reconnaissance (ISR)/Strike aircraft platform.
The aircraft was introduced during a press conference at the Air Force
Association Air & Space Conference and Technology Exposition in National
Harbor, Maryland.

Scorpion ISR/Strike twin-jet tactical aircraft developed by Textron AirLand.
(Photo: Business Wire)

Scorpion ISR/Strike twin-jet tactical aircraft developed by Textron AirLand.
(Photo: Business Wire)

The demonstration aircraft is now in test phase, with first flight scheduled
to occur before the end of this year—a rapid schedule by any measure of
military jet development. Textron Chairman and CEO Scott Donnelly said, “We
began development of the Scorpion in January 2012 with the objective to
design, build and fly the world’s most affordable tactical jet aircraft
capable of performing lower-threat battlefield and homeland security
missions.” Donnelly continued, “We relied on commercial best practices to
develop a tactical jet platform with flexibility and capabilities found only
in far more costly aircraft.”

The Scorpion is designed to accommodate the increasingly stringent budget
constraints of the U.S. Department of Defense and U.S. partner nations. The
Scorpion’s design is well matched to the Air National Guard’s missions such as
irregular warfare, border patrol, maritime surveillance, emergency relief,
counter-narcotics and air defense operations. While Scorpion’s lower
acquisition price is an advantage, an equally important benefit is the lower
cost of operation over the aircraft’s full lifecycle. Combining ease of
maintenance and globally-available commercial components, the Scorpion can
significantly lower the customer’s total cost of ownership.

F. Whitten Peters, former U.S. Secretary of the Air Force, an investor in and
advisor to AirLand Enterprises, LLC, commented, “With its industry-leading
capabilities in commercial aircraft and defense systems design and
manufacturing, Textron was a natural partner to bring the vision of an
affordable tactical military jet to fruition.” He added, “In an impressively
short time, the joint venture has designed and built a capable and
mission-ready aircraft with no up-front government funding.We believe
Scorpion will fill a critical price and performance gap in the tactical
military aircraft market.”

For a closer look at the Scorpion and its mission capabilities, please visit
www.ScorpionJet.com.

Downloadable images of the aircraft are available in the Scorpion Media
Gallery.

About Textron

Textron 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 www.textron.com.

About Textron AirLand, LLC

Textron AirLand, LLC is a joint venture between Textron Inc. and AirLand
Enterprises, LLC with the purpose of designing and manufacturing an
affordable, capable jet platform based on commercially available technologies
and processes for the tactical military jet aviation market.More information
about our initial aircraft is available at www.ScorpionJet.com.

About AirLand Enterprises, LLC

AirLand Enterprises, LLC was formed by a group of experienced aerospace and
defense executives dedicated to bringing an effective, low-cost, ISR/Strike
jet todomestic and international military markets, replacing aging aircraft
and complimenting high-end multi-role fighters.

Certain statements in this press release are forward-looking statements which
may project revenues or describe strategies, goals, outlook or other
non-historical matters; these statements 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 statements are subject to known and unknown
risks, uncertainties, and other factors that may cause our actual results to
differ materially from those expressed or implied by such forward-looking
statements, including, but not limited to, the efficacy of research and
development investments to develop new products or unanticipated expenses in
connection with the launching of significant new products or programs; the
timing of our new product launches or certifications of our new aircraft
products; our ability to keep pace with our competitors in the introduction of
new products and upgrades with features and technologies desired by our
customers; changing priorities or reductions in the U.S. Government defense
budget, including those related to military operations in foreign countries;
changes in foreign military funding priorities or budget constraints and
determinations, or changes in government regulations or policies on the export
and import of military and commercial products; and volatility in the global
economy or changes in worldwide political conditions that adversely impact
demand for our products; performance issues with key suppliers or
subcontractors.

Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20130916005176/en/

Multimedia
Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50708875&lang=en

Contact:

Investor Contact:
Textron
Doug Wilburne, 401-457-2288
or
Justin Bourdon, 401-457-2288
or
Media Contact:
Textron
David Sylvestre, 401-457-2362
 
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