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Cessna Begins Contract Talks with IAM
Communiqué publié le 10/08/2007 à 15h01

Cessna Aircraft Company, a Textron Inc. (NYSE:TXT) company, will begin contract negotiations with the International Association of Machinists and Aerospace Workers (IAM) Local Lodge 774 for a new collective bargaining agreement for 5,800 represented Cessna employees.

Kicking off the opening session will be Cessna Chairman, President and CEO Jack Pelton and IAM International President Tom Buffenbarger. Following a closed introductory session, Buffenbarger, Pelton, and other union and company officials will have remarks for the media.

When: Monday, Aug. 13 - 12:45 pm

Where: International Association of Machinists and Aerospace Workers union hall

3830 South Meridian

Wichita, Kan. 67217

Based on unit sales, Cessna Aircraft Company is the world's largest manufacturer of general aviation airplanes. In 2006, Cessna delivered 1,239 aircraft, including 307 Citation business jets, and reported revenues of about $4.2 billion and a backlog of $8.5 billion. Since the company was originally established in 1927, more than 189,000 Cessna airplanes have been delivered to nearly every country in the world. The global fleet of almost 5,000 Citations is the largest fleet of business jets in the world. More information about Cessna Aircraft Company is available at www.cessna.com.

Textron Inc. is an $11 billion multi-industry company operating in 32 countries with approximately 40,000 employees. The company leverages its global network of aircraft, 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, Fluid & Power, Textron Systems and Textron Financial Corporation. More information is available at www.textron.com.

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