Textron AirLand’s Scorpion Completes Additional Test Flights and Participates in Industry Conferences

  Textron AirLand’s Scorpion Completes Additional Test Flights and
  Participates in Industry Conferences

Singapore Airshow 2014 DefExpo 2014 Air Force Air Warfare Symposium 2014 FIDAE
2014

Business Wire

WICHITA, Kan. -- February 14, 2014

Textron AirLand, LLC, a joint venture between Textron Inc. (NYSE: TXT) and
AirLand Enterprises, LLC, today announced that the Scorpion Intelligence,
Surveillance and Reconnaissance (ISR)/Strike aircraft completed additional
test flights in January and February. The most recent test flight occurred on
February 13.

Textron AirLand's Scorpion jet in test flight over Wichita, Kansas on February
13, 2014. (Photo: Bus ...

Textron AirLand's Scorpion jet in test flight over Wichita, Kansas on February
13, 2014. (Photo: Business Wire)

The Scorpion team is planning to conduct several hundred hours of additional
flight tests in 2014, each flight targeting specific objectives pushing the
aircraft’s airspeed, altitude, and performance envelope. “Overall, we’ve had
very positive results through the initial test flights. In these early
flights, we have evaluated the aircraft performance and tested a wide range of
mechanical and electronic systems. The Scorpion is a very agile platform and
I’m confident in the airframe as we continue through the test and evaluation
phase,” commented Dan Hinson, chief test pilot for the Scorpion team and
23-year veteran Navy pilot.

Most of the test flights will be conducted at McConnell Air Force Base in
Wichita, and the team is planning numerous flights outside of the area.

Textron AirLand is pursuing sales opportunities with US military branches as
well as a number of US partner nations. The company is seeking market license
and export approvals for additional opportunities, driven by early interest
from specific US partner nations.

Textron AirLand is showcasing the Scorpion at major defense industry
exhibitions across the globe. In February, Scorpion was featured in a static
display at the  Singapore Airshow, recognized as Asia’s largest air show, and
at DefExpo 2014, India’s largest annual defense conference. At the Air Force
Air Warfare Symposium on February 20^th, the Scorpion will be discussed as
part of an “Adapting for the Future” forum in which Textron CEO Scott Donnelly
and other senior aviation executives will serve as the forum’s panelists; and
in March, Scorpion will be represented at FIDAE 2014, Chile’s leading defense
solutions exposition, attracting military leaders from many Latin American
countries.

Video highlights and photos of recent Scorpion test flights can be viewed here
in the Media Gallery of ScopionJet.com. Scorpion is also featured in a recent
episode of Discovery Channel’s “Daily Planet” program.

Follow Scorpion’s progress on Facebook and Twitter.

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 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 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/20140214005917/en/

Multimedia
Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50805066&lang=en

Contact:

Investor Contact:
Textron
Doug Wilburne, 401-457-2288
or
Robert Bridge, 401-457-2288
or
Media Contact:
Textron
David Sylvestre, 401-457-2362
 
Press spacebar to pause and continue. Press esc to stop.