FACT BOOK 2015 Meet Our Leadership Team

Eric Salander Kriya Shortt Tom Hammoor Senior Vice President, Senior Vice President, President, Chief Financial Officer Sales & Marketing Beechcraft Defense Company Message from Scott

As a valued customer, you are integral to our success, and we want to celebrate our accomplishments with you. I am pleased to share our company fact book, highlighting a momentous 2015 and looking forward at what lies ahead.

We know that providing you with the best ownership experience begins with Brad Thress Michael Thacker Ron Draper Senior Vice President, Senior Vice President, Senior Vice President, offering the right products and services positioned to meet your mission. Customer Service Engineering Integrated Supply Chain From our versatile fleet of aircraft to a renowned global service network unmatched in the industry, our portfolio continues to expand with a broad range of new investments announced last year. In 2015, we saw total revenue grow to $4.8 billion.

We continue to build on that growth, relying on your valued input to bring new products to market on time. Throughout our journey, we’ll remain committed to upholding the integrity of our brands, ensuring we deliver on our promise Christi Tannahill Bill Schultz Jim Walters to offer you the most capable and innovative solutions in general aviation. Senior Vice President, Senior Vice President, Senior Vice President, Interior Design & Engineering Business Development – China Human Resources & Communications

Sincerely,

Scott Ernest President and CEO Doug May Dave Rosenberg Blake Meyen Vice President, Vice President, Vice President, Piston Aircraft Integration & Strategy General Counsel & Secretary TEXTRON INC. TEXTRON AVIATION Textron Inc. is a $13.4 billion multi-industry company with approximately 35,000 employees. The company leverages Textron Aviation is home to the Beechcraft, and Hawker brands, and continues to lead general aviation through its global network of aircraft, defense and intelligence, industrial and finance businesses to provide customers with two principal lines of business: aircraft sales and aftermarket. Aircraft sales include , and piston innovative solutions and services. Textron is known around the world for its powerful brands such as Beechcraft®, Bell aircraft, as well as special mission and military aircraft. Aftermarket includes commercial parts sales and maintenance, Helicopter, Cessna®, E-Z-GO®, ®, Hawker®, Jacobsen®, Kautex, Lycoming, Textron Systems, Textron Financial inspection and repair services. Corporation and TRU Simulation + Training. MAJOR PRODUCTS FINANCIAL HIGHLIGHTS Std/Max Maximum Textron Revenue by Segment First Seating Capacity Cruising Range (IFR w/ Engine Engine Delivery (including pilots) Speed (kts) NBAA reserves) Manufacturer Model Avionics Dollars in millions except per share data 2015 2014 Change Textron Aviation 36% Cessna Citation® Jets Citation Mustang® 2006 6 340 1,200 Pratt & Whitney PW615F Garmin G1000 Bell 26% Revenues $13,423 $13,878 (3)% Citation M2® 2013 8 404 1,540 Williams International FJ44-1AP-21 Garmin G3000 (Intrinzic™) International revenues % 38% 37% Industrial 26% Citation CJ3+® 2014 8/10 416 2,040 Williams International FJ44-3A Garmin G3000 (Intrinzic™) Textron Systems 11% Citation CJ4® 2010 9/11 451 2,170 Williams International FJ44-4A Collins Pro Line 21 Segment profit1 $1,255 $1,214 3% Finance 1% Citation XLS+® 2008 11/14 441 2,100 Pratt & Whitney PW545C Collins Pro Line 21 Income from continuing operations $698 $605 15% Citation Latitude® 2015 9/11 446 2,850 Pratt & Whitney PW306D1 Garmin G5000 (Intrinzic™) Manufacturing group debt2 $2,697 $2,811 (4)% Citation Sovereign®+ 2013 11/14 460 3,190 Pratt & Whitney PW306D Garmin G5000 (Intrinzic™) Citation X®+ 2014 11/14 528 3,450 Rolls-Royce AE3007C2 Garmin G5000 (Intrinzic™) Shareholders' equity $4,964 $4,272 16% Manufacturing group debt-to-capital (net of cash)2 26% 33% New Product Development Citation Longitude® 20171 11/14 476 3,400 Honeywell HTF-7700 Garmin G5000 (Intrinzic™) Citation Hemisphere® 20192 TBA TBA 4,500 TBA TBA TBA Common Share Data SETP 20182 TBA +280 +1,500 GE TBA TBA Diluted EPS from continuing operations $2.50 $2.15 16% Dividends per share $0.08 $0.08 – Textron Revenue by Type Cessna Caravan® 1985 9/14 186 1,0603 Pratt & Whitney PT6A-114A Garmin G1000 Diluted average shares outstanding (in thousands) 278,727 281,790 (1)% Cessna Grand Caravan® EX 2013 10/14 185 9013 Pratt & Whitney PT6A-140 Garmin G1000 ® C90GTx 2010 8/9 271 1,260 Pratt & Whitney PT6A-135A Collins Pro Line Fusion Beechcraft King Air® 250 2011 9/11 310 1,740 Pratt & Whitney PT6A-52 Collins Pro Line Fusion Key Performance Metrics Commercial 68% Beechcraft King Air® 350i 2010 9/11 312 1,796 Pratt & Whitney PT6A-60A Collins Pro Line Fusion ROIC3 12.0% 12.2% U.S. Government 24% Beechcraft King Air® 350iER 2010 9/11 303 2,455 Pratt & Whitney PT6A-60A Collins Pro Line Fusion Net cash provided by operating activities of continuing Other Military 7% Pistons operations-Manufacturing group-GAAP2 $1,038 $1,097 (5)% Finance 1% Cessna Skyhawk® 172S 1998 4 124 6403 Textron Lycoming IO-360-L2A Garmin G1000 Manufacturing cash flow before pension Cessna Skylane® 182T 1996 4 145 9153 Textron Lycoming TIO-540-AB1A5 Garmin G1000 contributions-Non-GAAP2,4 $631 $753 (16)% Cessna Turbo Stationair® T206H 1998 6 164 7033 Textron Lycoming TIO-540-AJ1A Garmin G1000 Cessna TTx® 2013 4 235 1,2503 Continental Motors TSIO-550-C Garmin G2000 Manufacturing pension contributions $68 $76 (11)% ® G36 20054 6 176 9203 Continental Motors I0-550-B Garmin G1000 Capital expenditures $(420) $(429) (2)% ® G58 20054 6 202 1,4803 Continental Motors I0-550-C Garmin G1000

Military5 Net Debt Beechcraft T-6 2000 2 316 1,382 Pratt & Whitney PT6A-68 Esterline CMC 3000 Finance group debt $913 $1,063 $(150) Beechcraft AT-6 TBA 2 316 1,725 Pratt & Whitney PT6A-68D Esterline CMC 3000 Textron Revenue by Region Scorpion™ TBA 2 Manufacturing group debt $2,697 $2,811 $(114) 450 2,400 Honeywell TFE 731 TBA

U.S. 62% 1. Estimate of first delivery 2. Estimated first flight 3. 45 minute fuel reserve 4. Current configuration with G1000 avionics 5. Contact Beechcraft Defense Company for aircraft and support package pricing Total debt $3,610 $3,874 $(264) Europe 13% Asia Pacific 10% Less: Consolidated cash equivalents $1,005 $(822) $(183) Latin & South America 8% AFTERMARKET SALES Canada 4% (Dollars in millions) 1,418 Net Debt $2,605 $3,052 $(447) Middle East 2% 1,386 Africa 1%

1. Segment profit is an important measure used for evaluating performance and for decision-making purposes. Segment 916 profit for the Manufacturing segments excludes interest expense, certain corporate expenses and acquisition and

restructuring costs related to the Beechcraft acquisition. The measurement for the Finance segment includes interest 793 income and expense along with intercompany interest income and expense. 721 (As of February 1, 2016) 727 2. Our Manufacturing group includes all continuing operations of Textron Inc. except for the Finance segment. 667 Short-Term 666 3. Calculation of return on invested capital (“ROIC”) is provided on page 12 of the Textron Fact Book. Senior Commercial 606 587

4. Calculations of Manufacturing cash flow before pension contributions are provided on page 11 of the Textron Fact Book. Long-Term Paper Outlook 562 502

Textron Inc. 443 381 354 Credit Ratings 330 S&P BBB A2 Stable Moody's Baa3 P3 Positive 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

One Citation Leads CITATION LATITUDE MILESTONES 2015 to Another A NEW CITATION TO GO THE DISTANCE OPPORTUNITY ABOUNDS IN THE Throughout the last 20 years, the large cabin Rollout of the FAA Customer 16 Latitudes CITATION FAMILY first production segment has seen little development – until now. certification deliveries delivered 2015 marked the start of a new era for the lineup of Latitude awarded begin Enter the Citation Hemisphere. With a range of the world’s best-selling business jets. The public 4,500 nautical miles, this clean-sheet-design, received its first look at our newest products long-range business jet expands the reach of the designed to combine range and ultimate comfort Citation line and marks our entry into the large with the proven innovative capabilities only a jet segment. Backed by our industry-leading- Citation can offer. commitment to product innovation and design, the Citation Hemisphere will offer the latest technology LATITUDE DELIVERS and the most spacious cabin in its class, allowing Upon entering the market in August, the you and your business to go the distance. 2,700-nautical mile range Citation Latitude was recognized for offering an unmatched combination of performance and comfort with the lowest operating costs in its class. Within just four months, we placed 16 Latitudes into the hands of customers from across the globe – a true testament to the market’s need for the exceptional capabilities and low total ownership costs the Latitude brings to the midsize category.

LONGITUDE PREPARES FOR TAKEOFF When the 3,400-nautical mile range Citation Longitude made its debut at the 2015 NBAA Convention and Exhibition in Las Vegas, customers and industry observers had the opportunity to view this super-midsize jet designed to revolutionize the segment. The Longitude pairs its class-leading cabin with an optimal combination of performance and efficiency, giving you more room, more range and higher cruise speeds – all at the lowest total ownership costs in its class. In 2016, we’ll celebrate the first flight of the Citation Longitude, continuing our momentum as we bring this one-of-a-kind aircraft to market. Leading the From pilots stepping up to the controls of a Citation M2 for the first time, To date, we have delivered more than 1,800 CJs to customers around to companies taking their business to new heights in the top-performing the world. In 2016, we celebrate yet another milestone for the renowned Light Jet CJ3+ and CJ4, customers continue to see why the Cessna Citation family jet lineup – the 25th anniversary of the first flight. Segment of light jets offers the best tools for the mission. In 2015, we delivered more light jets than any other manufacturer. “For most people, going from a single-engine plane to any sort of multi-engine jet is a big move, but I took that extra step and went Among the 166 jets delivered to our customers last year was the 100th all the way to the Citation M2. I just fell in love with the jet in terms Citation M2. Since entering the market, the single-pilot jet quickly became of its capabilities and the avionics.” a favorite of pilots seeking more speed and comfort. The milestone delivery arrived less than two years after the jet’s entry into service, – Stephen Elop, M2 pilot demonstrating our ability to outpace the competition.

Customers from Zurich to Jundiai celebrated the new reach of the Citation CJ3+, which last year received type certification from Europe’s Aviation Safety Agency (EASA) and Brazil’s National Civil Aviation Agency (ANAC), paving the way for international deliveries of the best-in-class jet.

In 2015, Textron Aviation delivered its THE AUTHORITY IN “The airplane is a wonderful business tool. It allows me to mobilize PRE-OWNED AIRCRAFT and move my company’s personnel and myself quickly and efficiently around the country to our various projects.” th Each year, we deliver more pre-owned Citation 200 CITATION CJ4 JET. aircraft than anyone in the world. No individual – Stuart Fred, real estate developer and Citation CJ4 owner/pilot The jet was also the first aircraft owner, broker or aircraft dealer can match our level ever registered in the British of assurance and support before, during or after Channel Island of Jersey. your purchase. THE LEADER IN BUSINESS TURBOPROPS Continued Investment This year, customers will get their first look at our Drives Turboprop clean-sheet design, single-engine turboprop. Innovation A cabin mockup of the aircraft will be on display at this year’s EAA AirVenture, allowing aviation enthusiasts and customers to learn more about Investment in our turboprop fleet continued in our newest product. From a state-of-the-art 2015 with cutting-edge avionics upgrades, and new interior offerings appearing throughout our powerplant designed by GE Aviation, to its more product lineup. than 1,500-nautical mile range, it is an aircraft designed with the customers' input in mind. Our We not only enhanced our versatile lineup but newest addition is poised to fully complement our also officially announced a new addition to our current offerings, bringing incomparable capability turboprop family. We’re leveraging the latest technology available to provide the solutions- and speed to the segment. based products you need to keep flying.

KING AIR WELCOMES STATE-OF-THE-ART TECHNOLOGY Last year saw the arrival of NextGen readiness MILESTONES AT A GLANCE for the King Air line, with the intuitive Pro Line Fusion avionics platform becoming standard on all new production King Air models. In 2015, the Federal Aviation Administration awarded the Fusion-equipped King Air 350i and 250 models type certification, paving the way for deliveries and retrofit upgrades. By March 2016, EASA In 2015, Alaska-based regional carrier Bering Air had officially certified the platform for European took delivery of the 2,500th Caravan, a Cessna operations. Certification for the Fusion-equipped Grand Caravan EX, to aid in its operations throughout King Air C90GTx is expected this year. With its three 14-inch flight displays, touch-screen flight planning arctic Alaska. and high-resolution Synthetic Vision System, the Fusion-equipped King Air pairs the market’s most technologically advanced cockpit platform with the world’s most popular business turboprop.

Fast access to the information you need to remain productive is also possible with the upgraded King Air, which in 2015 integrated standard Wi-Fi into The 1,000th King Air 350 was delivered to membership- new 350i and 250 models. Communicating with based private aviation company Wheels Up. the world below is now as easy as powering on your laptop or mobile device, allowing you to stay connected – from takeoff to landing.

NEW SINGLE-ENGINE TURBOPROP FEATURES

Range of MORE than Powered by GE’s new Widest and most Full-fuel payload of comfortable cabin 1,500 1,240 in its class. 1,100lbs. miles and +280 knot shaft horse power (SHP)- maximum cruise speed. rated turboprop engine The Standard in Piston Aircraft

Since introducing the legendary Skyhawk more SKYHAWK CONTINUES TO FOSTER than 60 years ago, we have continued to provide THE JOY OF FLYING new pilots with the most capable tools for the job. Recognizing the importance of supporting the next Today, the Cessna TTx takes piston flying to the generation of aviators, in 2015 we launched the next level, bringing together proven reliability Top Hawk university program, collaborating with with dynamic features. It’s the advanced piston universities around the U.S. to connect budding performer that ensures your next flight remains as pilots with higher education. In its inaugural year, exciting as the first. the program allowed four leading university aviation programs to receive a branded Skyhawk After its entry into service in 2013, pilots to promote flight training and support recruiting seeking more from their single-engine aircraft efforts and promotional events on campus. quickly embraced the Cessna TTx and its unique capabilities. With its intuitive cockpit and unprecedented speed, it has proven to be the Future pilots outside the U.S. also rely on the aircraft prepared to thrive no matter where you’re Skyhawk for their training needs. In China, the headed – your next business meeting or your next opening of the country’s low-altitude airspace adventure. has given way to an increase in pilot training efforts, and in 2015 operators and flight schools And for the world’s fastest fixed-gear piston aircraft, Scorpion Jet Reinforces began incorporating the aircraft into their taking to the skies down under is now possible. In Innovative Defense operations. In , the country’s largest SCORPION ACHIEVED 2015, the Australian Civil Aviation Safety Authority Platforms awarded the Cessna TTx type certification, paving flight training program uses the Skyhawk to train % the way for customers in the region to experience its student pilots. Earlier this year, the Sekolah the aircraft’s superior performance. Tinggi Penerbangan Indonesia (STPI) flight Textron AirLand’s Scorpion multi-mission tactical school secured an order of the piston aircraft for jet is truly unique in its segment. In 2015, the 100 AIRCRAFT AVAILABILITY the 300 students earning their wings. Scorpion displayed its capabilities at various “There is so much the TTx can do. It's so much and mission accomplishment during defense exhibitions, giving customers an more technologically advanced." a 2015 event with pilots from the early look at the aircraft. During a seven-week x U.S. Air Force Test Pilot School. – Billy Johnson, Cessna TT owner demonstration tour through Europe, the aircraft logged 12,384 nautical miles and more than 80 flight hours. Construction of the first conforming aircraft also began in 2015. Using commercially designed twin engines, the Scorpion combines high-dash speeds, extended endurance and loiter Since its entry into service in 2000, time at cruise speeds – the versatility a defense the Beechcraft T-6 military needs to make each mission a success. More Skyhawks have been aircraft has logged more than delivered to customers around Later this year, the Scorpion will continue touring the world than any other type the world, making its way to the United Kingdom of aircraft, with more than 2.6 MILLION during the summer to display its powerful features HOURS IN THE SKIES, at the popular Royal International Air Tattoo event and in 2015 the 900th military and the Farnborough International Airshow in July. 45,000 trainer was delivered. in service since 1955. A Service Network to CUSTOMER SERVICE UNRIVALED IN THE INDUSTRY Keep You Flying

With the largest business and general aviation fleet in the world, we understand the importance of having a support network focused on what matters most – keeping your aircraft in the air. 21 factory-owned More than 60 mobile Three rapid response A lineup of ProAdvantage service centers service vehicles. jets ready to dispatch programs to simplify worldwide. parts and technicians service budgeting for EXPANDING OUR CAPABILITIES in the U.S. and Europe. your aircraft – nose to tail. What began as a plan to ensure comprehensive access to quality service across the Textron Aviation network has resulted in 21 factory-owned service centers capable of providing service for our Citation, Hawker and King Air aircraft. As a result, you can now count on even more OEM options to get you back in the air.

Investments in our service network also stretched across the Atlantic in 2015 with the opening of a new service center at Paris-Le Bourget airport and the addition of a Citation CJ3 dedicated to rapid response throughout Europe.

MAKING AIRCRAFT OWNERSHIP EASIER THAN EVER Today, new service and aircraft management programs make ownership a seamless experience, leaving you more time to enjoy your aircraft. Quality extends beyond the factory, and through our service network we strive to offer the best solutions. Last year, we began extending the ProAdvantage family of maintenance programs to King Air and , bringing you new price-competitive options to streamline service costs. Today, owners can cover most maintenance requirements – from routine inspections to engine overhauls – and receive one predictable monthly invoice. Operators can also count on our ProOwnership support program. Launched in 2015, the program provides new owners with all-in- one aircraft management support.

And with 1CALL, launched in early 2016, requesting immediate maintenance ProOwnership makes aircraft management a seamless experience for is now easier than ever. Calling our dedicated line focused on rapid results, new owners. Program members can count on customized OEM assistance. you’ll have direct access to:

• MSU vehicles and rapid response jets ready to dispatch to your aircraft. • Prioritized technical support from our 1CALL team of experts, 24/7. • Expedited parts delivery.

Maintenance Finding a home Parts purchasing Technical maintenance Trip planning Customers can access the dedicated scheduling airport records and logbook 1CALL team by dialing +1-316-517-2090. management Working Together to Bring You More Citation Latitude

Your feedback is essential in allowing us to bring smart innovation to market at a pace unrivaled in the industry. Today, a team of more than 2,000 Textron Aviation engineers is focused on designing and developing our newest products and refining our existing lineup to provide you with the tools you need to succeed.

We’re expanding our reach and offering more direct access to the support you need, when and where you need it. This includes a growing fleet of readily available MSU vehicles; a larger and more efficient parts distribution network; and a new, innovative technical publications website that grants you access Citation Longitude to all your technical manuals and flight documents. Our pursuit to raise the bar on your experience as our customer remains stronger than ever.

We invite you to share in our excitement as we work to bring our newest offerings to life this year. Whether it’s by visiting our Wichita, headquarters, or reaching out to your service representative or sales director, we encourage you to learn more about Citation Hemisphere what’s to come – for Textron Aviation and for you – in 2016 and beyond. txtav.com | U.S. +1.844.44.TXTAV | INTERNATIONAL +1.316.517.8270

©2016 Textron Aviation Inc. Cessna, Cessna’s logo, Citation, Citation Mustang, Citation M2, Citation CJ3+, Citation CJ4+, Citation XLS+, Latitude, Citation Sovereign, Citation X, Citation Longitude, Hemisphere, Caravan, Grand Caravan, Skyhawk, Skylane, Stationair, and TTx are registered trademarks of Textron Innovations Inc., used by permission. Beechcraft, its logo, King Air, Hawker and its logo, Baron and Bonanza are registered trademarks of Beechcraft Corporation. Garmin, G1000, SVT and GFC are trademarks of Garmin International, Inc. or an associated company. Rockwell Collins, Pro Line 21 and Pro Line Fusion are trademarks of Rockwell Collins, Inc.