Textron Aviation –Strong Demand Environment

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2022 was a strong year for our company. We expanded our aircraft product portfolio, certifying and completing first deliveries of three Textron Aviation aircraft models. We acquired Pipistrel, the world’s only manufacturer of certified electric aircraft, and formed a new business segment to focus on the development of sustainable aircraft. With the talent, dedication and hard work of our 34,000 employees, we successfully executed on behalf of our customers in the face of global supply chain challenges.

At Textron Aviation, we finished the year with a backlog of $6.4 billion, up $2.3 billion from yearend 2021. We saw broad-based demand across our portfolio of products, including Cessna Citation Jets, Beechcraft King Airs, Cessna Caravans and the new Cessna SkyCourier. The fractional and charter segments of our Aviation markets also experienced strong demand throughout the year with new orders from customers, including flyExclusive and Fly Alliance.

In March, Textron Aviation celebrated FAA certification of the Cessna SkyCourier, its new cleansheet aircraft. Following certification, Textron Aviation delivered the first aircraft to its launch customer, FedEx Express and, by the end of 2022, they had taken delivery of six SkyCouriers. We also received FAA certification and made the first deliveries of our Citation M2 Gen2 entry-level light jet and Citation XLS Gen2 midsize business jet, representing the next generation of these popular models.

As Textron Aviation marked the successful certification and deliveries of our newest models, the second Beechcraft Denali prototype took to the skies as part of its flight test programme. By the end

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