INVESTOR FACT BOOK

Textron Inc. is a $10.5 billion multi-industry company operating in 25 countries with approximately 32,000 employees. The company leverages its global network of , defense and intelligence, 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 , Aircraft, E-Z-GO, , Jacobsen, Kautex, Lycoming, Textron Systems and Textron Financial Corporation.

Textron Inc. consists of numerous subsidiaries and operating divisions. Please refer to the back cover for legal entity structure.

Key Executives

Scott C. Donnelly Frank T. Connor Chairman and Executive Vice President and Chief Executive Officer Chief Financial Officer Scott C. Donnelly was named chief executive officer Frank Connor joined Textron as executive vice in December 2009 and chairman of the board in president and chief financial officer in August 2009. September 2010. Donnelly joined Textron as executive Connor came to Textron after a 22-year career at vice president and chief operating officer in June 2008 Goldman, Sachs & Co. where, most recently, he was and was promoted to president in January 2009. Prior managing director and head of Telecom Investment to joining Textron, Donnelly was president and CEO for Banking. Prior to that, he served as Goldman, Sachs & General Electric (GE) Aviation. He also held various Co.’s chief operating officer of Telecom, Technology other management positions since joining GE in 1989. and Media Investment Banking.

Jack J. Pelton John L. Garrison Jr. Frederick M. Strader J. Scott Hall Warren R. Lyons Cessna Chairman, Bell Helicopter Textron Systems Industrial Segment Textron Financial President and CEO President and CEO President and CEO and Greenlee Corporation President President and CEO Financial Highlights

(Dollars in millions except per share data) 2010 2009 Change Revenues $ 10,525 $ 10,500 — International revenues % 36% 37% Segment profit 1 $ 553 $ 475 16% Income (loss) from continuing operations $ 92 $ (73) 226% Total debt – Manufacturing group 2 $ 2,302 $ 3,584 (36)% Shareholders’ equity $ 2,972 $ 2,826 5% Debt (net of cash and equivalents) to total capital – Manufacturing group 2 32% 39% Common Share Data Diluted EPS from continuing operations 3 $ 0.30 $ (0.28) 207% Dividends per share $ 0.08 $ 0.08 — Diluted average shares outstanding (in thousands) 3 302,555 262,923 15% Key Performance Metrics ROIC 4 8.0% 5.5% Net cash provided by operating activities of continuing operations – Manufacturing group – GAAP 2 $ 730 $ 738 (1)% Manufacturing cash flow before pension contributions – Non-GAAP2, 5 $ 759 $ 503 51% Pension contributions $ 417 $ 79 428%

1 Segment profit is an important measure used for evaluating performance and for decision-making purposes. Segment profit for manufacturing segment excludes interest expense, certain corporate expenses and special charges. The measurement for the Finance segment includes interest income and expense and excludes special charges. 2 Our Manufacturing group includes all continuing operations of Textron Inc., except for the Finance segment. 3 For 2009, the potential dilutive effect of stock options, restricted stock units and shares that could be issued upon the conversion of our 4.50% convertible Senior Notes and upon the exercise of the related warrants was excluded from the computation of diluted weighted-average shares outstanding as the shares would have an anti-dilutive effect on the loss from continuing operations. 4 Calculation of return on invested capital (“ROIC”) is provided on page 12. 5 Calculations of manufacturing cash flow before pension contributions are provided on page 11.

Senior Short-Term Textron Inc. Credit Ratings (as of March 1, 2011) Long-Term Commercial Paper Net Debt 2010 2009 Change S&P BBB- A3 Consolidated Cash and Equivalents $ 931 $ 1,892 $ (961) Fitch BB+ B TFC Managed Debt 3,660 5,698 (2,038) Moody’s Baa3 P3 TXT Debt 2,302 3,584 (1,282) Total debt 5,962 9,282 (3,320) Net Debt $ 5,031 $ 7,390 $ (2,359)

Textron Revenue by:

Segment Geography

Africa 1% 19% Canada 3% Textron Systems 31% Middle East 3% 64% Bell Asia Pacific 7% U.S. Latin America & Mexico 8%

24% Europe 14% Industrial 2% Finance 24% Cessna Customer Type

38% 60% Military Commercial

2% Finance

Textron 2010 Fact Book 1 CESSNA

Cessna is the world’s leading general aviation company based on 24% Cessna’s share of Textron 2010 revenues unit sales with two major lines of business: Aircraft sales and aftermarket services. Aircraft sales include Citation business jets, Caravan single-engine utility , single-engine piston aircraft and lift solutions by CitationAir. Aftermarket services include parts, maintenance, inspection and repair services. Fast Facts

> Approximate revenues by region: U.S.: 64%, Europe: 13%, Latin America and Mexico: > McCauley propellers are on more than 250,000 aircraft around the world – a 10%, Asia-Pacific: 7%, Middle East: 3%, Africa: 2%, and Canada: 1%. testimony to our continuing commitment to excellence. > Cessna has approximately 7,800 employees worldwide. > Cessna Citations are registered in more than 90 countries and represent the largest > Manufacturing facilities located in Wichita and Independence, Kansas; Columbus, fleet of business jets in the world. Georgia; and Chihuahua, Mexico. > Certified at Mach 0.92, the Citation X is the world’s fastest business jet in service. > In its 84-year history, Cessna has delivered approximately 193,000 aircraft, including more > Cessna operates nine Citation Service Centers: eight at airports across the U.S. and than 154,000 single-engine piston airplanes; more than 2,000 Caravans; more than 2,000 one at Le Bourget Airport in Paris, France. Cessna has announced a new European military jets and more than 6,100 Citation business jets. Cessna has delivered twice as Citation Service Center to open in Spain. Authorized Independent Service Centers/ many very light, light and midsize business jets as its closest competitor. Stations are located in 27 countries throughout the world.

Sales New Jet Model First Delivery CitationAir Fractional and Vector Contracts

By Product Line By Customer 2004 CJ3 1,200 Sovereign 100 100 26% Aftermarket 1% U.S. Government aftermarket govt Fractional Ownership 2005 CJ1+ 900 4% 80 aircraft sales 80 fractional

2006 CJ2+ corp 60 60 Mustang 600 74% Aircraft Sales 95% Corporate 40 2007 40 Encore+

300 20 2008 20 XLS+ 2010 CJ4 0 0 percent percent 99 00 01 02 03 04 05 06 07 08 09 10 Major Products

Std/Max Maximum Seating Capacity Cruising Range Unit First (Including Speed (IFR w/ NBAA Price Engine Engine Delivery Pilots) (kts) reserves) (in millions) Manufacturer Model Avionics Citation Model Mustang 2006 6 340 1,150 $3.1 Pratt & Whitney PW615F Garmin G1000 CJ1+ 2005 8 389 1,300 5.1 Williams International FJ44-1AP Collins Pro Line 21 CJ2+ 2006 9/10 418 1,613 6.9 Williams International FJ44-3A-24 Collins Pro Line 21 CJ3 2004 9/10 416 1,875 8.2 Williams International FJ44-3A Collins Pro Line 21 CJ4 2010 10/11 453 2,002 9.0 Williams International FJ44-4A Collins Pro Line 21 Encore+ 2007 10/13 428 1,780 9.2 Pratt & Whitney PW535B Collins Pro Line 21 XLS+ 2008 11/14 441 1,858 12.5 Pratt & Whitney PW545C Collins Pro Line 21 Sovereign 2004 11/14 458 2,847 17.6 Pratt & Whitney PW306C Honeywell Primus EPIC Citation X 1996 11/14 525 3,070 21.7 Rolls-Royce AE3007C1 Honeywell Primus 2000 Model Caravan 675 1985 8/14 186 946* $2.0 Pratt & Whitney PT6A-114A Garmin G1000 Grand Caravan 1986 10/14 175 869* 2.1 Pratt & Whitney PT6A-114A Garmin G1000 Single-engine Piston 162 SkyCatcher 2009 2 118 400* $0.1 Teledyne Continental O-200D Garmin G300 172R Skyhawk 1997 4 122 696* 0.3 Textron Lycoming IO-360-L2A Garmin G1000 172S Skyhawk SP 1997 4 126 610* 0.3 Textron Lycoming IO-360-L2A Garmin G1000 182T Skylane 1997 4 150 927* 0.4 Textron Lycoming IO-540-AB1A5 Garmin G1000 T182T Turbo Skylane 2001 4 176 915* 0.4 Textron Lycoming TIO-540-AK1A Garmin G1000 206H Stationair 1998 6 151 690* 0.5 Textron Lycoming IO-540-AC1A5 Garmin G1000 T206H Turbo Stationair 1998 6 178 630* 0.6 Textron Lycoming TIO-540-AJ1A Garmin G1000 350 Corvalis 2007 4 191 1,395* 0.6 Teledyne Continental IO-550-N Garmin G1000 400 Corvalis TT 2007 4 235 1,250* 0.6 Teledyne Continental TSIO-550-C Garmin G1000

* 45 minute fuel reserve

2 Textron 2010 Fact Book Sour Revenues Segment profit (loss) profit Segment Capital expenditures Capital Totalassets 96 In 2009 segment profit includes a $50 million pretax gain on the sale of the assets of CESCOM, Cessna’s aircraft maintenance tracking service line. exclude two CitationAir deliveries in which the fractional units were not sold as of the end of the year. 2 Segment profit for manufacturing segments excludes interest expense, certain corporate expenses1 and specialIn charges. 2008, units sold include the sell-through of one fractional unit at CitationAir. Units sold in 2007 exclude one CitationAir delivery in which the fractional units were not sold as of the end of the year. Units sold in 2006 millions) in (Dollars Cessna Data Key > > > > Forward Steps Strategic millions) in (Dollars Sales Aftermarket Points Price Jet Business 2010 sold: Units Segment profit margin profit Segment CitationAir excluding Backlog, Depreciation and amortization and Depreciation (Dollars inmillions)

Citation Mustang $3.1 Mustang Single-engine Piston Single-engine Caravans Totaljets Business Light/Mid Citation productline Competition superior aftermarket solutions around the world. Bolster long-term customer loyalty by providing differentiated and consistently single-engine utility turboprop and single-engine piston aircraft. Lead every segment in which we participate: light and midsize business jets, Create a globally competitive cost profile. Invest in new product development and block point changes to current models.     $218 ce: B&CAandCessnaestimates

97 Phenom 100 $3.8 $229 Citation CJ1+ $5.1 98 $270 Premier 1A $6.6 99 $302 Citation CJ2+ $6.9

00 Emivest SJ30-2 $7.3 1 2

$330 Hawker 400XP $7.6 01 $354 Phenom 300 $8.1 02 $381 Citation CJ3 $8.2

03 Citation CJ4 $9.0 $443 Citation Encore+ $9.2 04 $502 Learjet 40XR $10.6 05 $562 Citation XLS+ $12.5

06 Learjet 45XR $12.8 $606

07 Hawker 750 $13.0 $666 Learjet 60XR $13.9 08 $721 Gulfstream G150 $15.1 09 $587 Hawker 900XP $15.8

10 Citation Sovereign $17.6 $667 Citation X $21.7 Hawker 4000 $22.0 $ $ $ $ $ $ Gulfstream G200 $23.3 2,563 2,294 2,928 2010 (1.1)% (29) 261 179 106 106 Challenger 300 $24.3 95 73 47

Legacy 600 $27.5

10% 15% 20% 2,000 4,000 6,000 Units of Number Distribution Age by Service in Citations of Number Fleet of Percent a as Sale for Citations Pre-owned > > > > 5%

Extend the Cessna brand in key international geographies. Foster an environment that attracts, develops and retains high performing talent. processes (e.g. Lean, Six Sigma and Operations Excellence). Leverage and ensure alignment of key business and continuous improvement Extend the CitationAir brand by offering complete private aviation lift solutions.     96 Source: AMST 96 $ $ $ $ $ $ 97 97 3,320 4,893 2,427 2009 355 289 164 125 115 198 98 6.0% 97 65 98 AT andCessnaestimates 99 99 00 01 00 02 $ $ $ $14,530 $ $ 01 5,662 2,955 2008 16.0% 03 101 733 467 366 101 105 905 285 02 04 03 05 06 04 07 05 $ $ $ $12,583 $ $ 5,000 2,459 2007 08 17.3% 807 387 342 865 163 06 80 45 86 Textron 2010 Fact Book 3 TextronBook Fact 2010 09 07 10 08 ■ 6 ■ Years10 > ■ < – 5 Years5 – 09 $ $8,467 $4,156 $2,091 $ $

10 Years10 2006 15.5% 865 307 306 645 120 67 78 10 1 BELL HELICOPTER

Bell Helicopter is a leader in vertical takeoff and landing aircraft 31% Bell’s share of Textron 2010 revenues for commercial and military applications, and the pioneer of the revolutionary tiltrotor aircraft.

Fast Facts

> Approximate revenues by region: U.S.: 73%, Asia Pacific: 9%, Latin America and > Approximately 13,000 Bell Helicopter aircraft are flying in more than 140 countries. Mexico: 7%, Middle East: 4%, Canada: 4%, Europe: 2%, and Africa: 1%. > One third of the world fleet carry the Bell Helicopter brand. > At the end of 2010, Bell had approximately 10,200 employees, of which 18.5% were > Worldwide service network of more than 120 strategically located Bell owned service located outside the US. facilities and independent service centers. > Major facilities are located in Fort Worth, Texas; Amarillo, Texas; Corpus Christi, > Ranked #1 in customer service and support by Professional Pilot magazine for 17 Texas; Ozark, Alabama; Bristol, Tennessee; and Mirabel, Quebec, Canada. consecutive years and by Aviation International News for five consecutive years.

Sales Commercial Revenue by Region Commercial: 38% Military: 62% Military by Branch* By PrCommercialoduct/Service by Application 7% By Product/Service 38% Europe Commercial 3% Other 9% International 4% Other 39% 5% R&D 13% other other AircraftNorth Int'l Military America R&D 8% Air Force Military9% Civil Government Africa and Aircraft 100 100 100 100 10% Army Middle East airforce Civil Govtaircraft commercial spares & support 62% 09% Foreign Military

Military Sales/International 80 80 80 80 44% Commercial 18% army FMS spares & support 25% Spares & Aircrat_commercial 10%Aircraft HEMS Latin America 23% Support Asia Pacific 16% Parapublic 60 marines 60 60 EMS 60 79% Marines 19% Oil & Gas/Utility Law 47% Spares & 40 40 40 70% Aircraft 40 Support Utility 33% Corporate 20 20 20 20

Corporate 0 0 0 0 percent percent percent percent * U.S. Military sales only

Major Products

First Seating Capacity Useful Cruising Maximum Bell Helicopter Description Delivery (Including Pilots) Load (lbs) Speed (kts) Range (nm) Light 206L-4 Long Ranger Light single-engine, extended cabin version of the Jet Ranger 1992 7 2,123 112 324 407 Light single-engine, high performance multi-mission helicopter 1996 7 2,332 133 330 429 Light twin-engine helicopter, best-in-class cabin volume 2009 8 2,700 142 350 Medium 412 EP Twin-engine with highest dispatch reliability and the lowest hourly cost 1981 15 5,055 122 356 Military OH-58D Kiowa Warrior Armed Reconnaissance Helicopter for U.S. Army 1986 2 2,200 114 268 TH-67 Trainer Military training helicopter 1993 3 1,321 115 374 Huey II Upgrade of U.S. Army and worldwide UH-1H model Huey 1995 15 5,060 106 216 UH-1Y State of the art fully integrated utility and combat support helicopter 2006 12 6,661 158 350 AH-1Z State of the art fully integrated weapons system attack helicopter 2006 2 6,300 160 380 other

Tiltrotor Bell Boeing V-22 Osprey Military tiltrotor aircraft, being produced in partnership with Boeing 1999 100 27 25,500 240 1,100 BA609 Commercial tiltrotor aircraft, being developed in partnership with Agusta — 11 5,512EM S 275 750

80 Law

60 Civil

40 corporate

utility 20

0 percent

4 Textron 2010 Fact Book Commercial Product Price Points

■ Bell ■ Competition

(Dollars in millions) S-92 $21.4

20 AW 139 $13.0 27 S 76C++ $10.6 ower $5.6 EC 155B1 $9.2 Bell 412EP $9.1 26 15 A 109 Grand $6.4 MD 902 $6.1 -4 $2.1 EC 145 $6.0

A 109E P 25 Bell 429 $5.2 EC 135 $4.6 A 119VFR $3.3 AS 355NP $3.2 Bell 407 $2.4 EC 130 $2.3 AS 350 B3 $2.2 MD 600N $2.1 Bell 206L

MD 520N $1.9 10 24 AS 350 B2 $1.8 MD 500E $1.7 EC 120 $1.6 Enstrom 480 $1.0 23 Singles Twins 5 22 Commercial Business 21 0 > The primary commercial helicopter applications are Corporate, Oil & Gas, Utility, > Industry norms envision three to four times original delivery price in aftermarket 20 Parapublic, Helicopter Emergency Medical Services, and International/Foreign service and parts revenues over the nominal 30 – 40 year lifetime of a typical Military. commercial airframe. 19 18 Military Business 17 > Bell’s broad military product line covers the entire spectrum of missions from training > AH-1Z Operation Evaluation complete and the program has entered full rate 16 (TH-67), to armed reconnaissance (OH-58D), to attack / utility (AH-1Z / UH-1Y), and production. US Marines awarded $546 million contract for 29 aircraft : UH-1Y and tiltrotor (V-22) and are very applicable to current conflicts. AH-1Z. 15 > V-22 aircraft deployed in land-based operations in Afghanistan/Operation Enduring > OH-58D is the close air support aircraft of choice and has more than 750,000 + 14 Freedom and Iraq/Operation Iraqi Freedom and sea-based operations in Haiti and the combat hours. Horn of Africa have demonstrated excellent in-theater performance. 13 12 Strategic Steps Forward 11 > Continue to scale up production of the V-22 for the U.S. Marine Corps, Air Force > Strengthen the commercial product line by upgrading existing products, 10 Special Operations Forces and market to other U.S. Department of Defense and developing derivatives and introducing new models. international customers. > Continue to grow Bell Helicopter’s integrated service and support business 9 > Successfully ramp-up production of the UH-1Y utility helicopter and AH-1Z through geographic and service offering expansion. 8 attack helicopter. > Develop Bell Helicopter’s global business through local presence, a stronger > Successfully market 429 Light Twin helicopter and field to global customer base. sales and marketing network and program capture. 7 > Pursue additional U.S. Government and international military helicopter sales > Strengthen cost competitiveness through continued improvement in worldwide opportunities. manufacturing footprint and modernizing business systems. 6 5 Key Data 4 Bell (Dollars in millions) 2010 2009 2008 2007 2006 3 Units sold: 2 U.S. Government 70 60 39 44 43 Commercial 103 141 167 177 153 1 International military 28 12 — 4 6 Backlog $7,199 $6,903 $6,192 $3,809 $3,119 Revenues $3,241 $2,842 $2,827 $2,581 $2,347 Segment profit1 $ 427 $ 304 $ 278 $ 144 $ 108 Segment profit margin 13.2% 10.7% 9.8% 5.6% 4.6% Total assets $2,079 $2,059 $2,167 $1,850 $1,596 Capital expenditures $ 123 $ 101 $ 138 $ 78 $ 170 Depreciation and amortization $ 92 $ 83 $ 71 $ 59 $ 48

1 Segment profit for manufacturing segments excludes interest expense, certain corporate expenses and special charges.

Textron 2010 Fact Book 5 TEXTRON SYSTEMS

Textron Systems is a respected solutions company, addressing key 19% Textron Systems’ share of Textron 2010 revenues problems at home and abroad for our Defense and Security customers by rapidly delivering affordable innovations that work.

Fast Facts

> Approximate revenues by region: U.S.: 86%, Middle East: 7%, Latin America and > Approximately 2,500 One System Remote Video Terminal units already delivered and Mexico: 3%, Europe: 2%, Asia Pacific: 1%, and Other: 1%. fielded. > Textron Systems has approximately 5,600 employees, of which approximately 1.4% > Over 3,135 Armored Security Vehicles (ASV) and variants delivered to the U.S. Army are based outside the U.S. and International Customers. > Manufacturing facilities are located in Tustin, CA; New Orleans, LA; Slidell, LA; > Approximately 5,000 Sensor Fuzed Weapons (SFW) delivered to the U.S. Air Force Wilmington, MA; Hunt Valley, MD; Williamsport, PA; Goose Creek, SC; Austin, TX; (USAF) with an additional 512 ordered by India and interest in over 1,300 from Saudi Richardson, TX; Sterling, VA; Notting Hill, Australia; Hamble, England. Arabia. > Approximately 590,000 flight hours and over 135,000 flights logged by the Shadow > 37,000-plus active Overwatch software licenses across U.S. intelligence agencies, Tactical Unmanned Aircraft System, primarily in support of combat operations in both military branches and unified commands. Iraq and Afghanistan. > More than 325,000 engines designed and built during Lycoming’s 80 years in aviation > 117 Shadow Tactical Unmanned Aircraft Systems have been ordered by the U.S. – over 200,000 of which are still in operation worldwide – more than half of the Army, Army Reserves, Army National Guard, Marine Corps and USSOCOM; Orders world’s piston powered rotary-wing and fixed-wing general aviation fleet. from Sweden, Italy and Australia indicate the growing demand from international > Textron Systems’ operational excellence is recognized in industry certifications and customers. awards, including AS9100, ISO9001:2000, ISO14001, SEI CMMI-SE/SW Level 5, Lycoming’s Shingo Prize for Operational Excellence , and the U.S. Department of Defense (DoD) Performance-Based Logistics of the Year award.

Sales

By Product Line By Military Branch*

100 100 14% Weapons and Sensors 4% Navy advanced apps navy 7% Other 21% Mission Support 80 precision weapons 80 other 7% Air Force force protect airforce 60 60

25% Land and Marine sit aware army Systems 82% Army 40 40

40% Unmanned Aircraft 20 20 Systems

0 0 percent percent * U.S. Military sales only

100 Strategic Steps Forward advanced apps

80 precision weapons > Continue to implement and expand solutions for addressing the DoD’s current > Utilize our growing vehicle mobility and survivability capabilities to address force protect and emerging needs for situational awareness, force protection, precision60 emerging domestic and international tactical vehicle requirements, while

weapons, force mobility, and related services and support. continuingsit aware to execute on current Armored Security Vehicle (ASV) and Armored > Expand our global presence and customer base to address worldwide40 demand Knight production and support contracts. for Textron Systems’ products and services. > Deploy the capabilities and commonalities of our industry-leading lethal and 20 > Strengthen our position as a leading global supplier of Unmanned Aircraft non-lethal area denial and protection systems, such as Scorpion Intelligent 0 Munitions System, Unattended Ground Sensors (UGS), Tactical RPG Airbag Systems (UAS) and associated training, support and services for tactical militarypercent missions and commercial applications by: sustaining and expanding the Protection System (TRAPS), Spider force protection system, and situational Shadow® and Aerosonde® UAS product lines and adding new UAS offerings to awareness software to provide our customers with optimized, synergistic the portfolio; leveraging UAS electronics, software and network capabilities to solutions. expand One System®/ C4ISRT (Command, Control, Communications, Computers, > Expand our role as provider of compliant area attack weapons, networked Intelligence, Surveillance, Reconnaissance and Targeting) products; and ground munitions, and compliant systems that minimize risk to noncombatants, leveraging UAS integration expertise to move into adjacent unmanned systems while continuing to leverage our precision weapons expertise and solutions to applications. meet the demands of today’s complex and ever-changing battlefield. > Leverage installed base of intelligence and analysis applications to expand into > Continue to design, build and test aviation engine products with focused efforts adjacent product and service areas. on next generation electronic engine control systems, alternative fuels, and new applications.

6 Textron 2010 Fact Book Major Products and Services

Foundation Growth & Expansion

Unmanned Aircraft Systems

New Unmanned Aircraft System

Shadow One System Ground Control Station & Manned Unmanned Next Gen Universal One System Remote Video Terminal Teaming Ground Control Station Aerosonde

Land and Marine Systems

Unmanned Surface Vehicle

Ship to Shore Connector HMMWV Crew Protection M1117 Armored Security Landing Craft Air M1117 Armored Vehicle Cushion Personnel Carrier Mobile Survivable Vehicle Next Generation Armored Security Vehicle

Weapons and Sensors

Area Denial Directed Energy Tactical Rocket Propelled Spider Weapons Grenade Airbag Protection System Unattended Ground Sensor Fuzed Weapon Sensors Clean Area Weapon

Mission Support

Multi-source intel – Lycoming Engines Battlespace Awareness & Intel Test & Training Integrated and Factory MRO software Electronic Engine Light Weight Small PDCue Arms Technology

Key Data

Textron Systems (Dollars in millions) 2010 2009 2008 2007 2006 Revenues $1,979 $1,899 $1,880 $1,114 $ 790 Segment profit 1 $ 230 $ 240 $ 251 $ 174 $ 92 Segment profit margin 11.6% 12.6% 13.4% 15.6% 11.6% Backlog $1,598 $1,664 $2,190 $2,144 $1,126 Total assets $1,997 $1,973 $2,077 $2,370 $ 846 Capital expenditures $ 41 $ 31 $ 34 $ 33 $ 36 Depreciation and amortization $ 81 $ 85 $ 85 $ 41 $ 16

1 Segment profit for manufacturing segments excludes interest expense, certain corporate expenses and special charges.

Textron 2010 Fact Book 7 INDUSTRIAL

The Industrial segment consists of four businesses that 24% Industrial’s share of Textron manufacture and market branded industrial products worldwide. 2010 revenues

Fast Facts

> Approximate revenues by region: Europe: 39%, U.S.: 34%, Asia Pacific: 11%, Latin > At the end of 2010, Textron’s Industrial segment had approximately 7,500 employees America and Mexico: 9%, Canada: 6%, Middle East/Africa: 1%. of which 67% were based outside of the U.S. > Non-U.S. revenue by business: E-Z-GO (14%), Jacobsen (64%), Greenlee (53%), > Manufacturing facilities are located in 13 countries: Belgium, Brazil, Canada, China, Kautex (81%). the Czech Republic, Germany, Italy, Japan, Mexico, Slovakia, Spain, the United Kingdom and the United States. E-Z-GO

Description Strategic Steps Forward E-Z-GO is a leading global light transportation vehicle designer and manufacturer for > Build sales to consumers through new product offerings, particularly in growth areas golf courses, municipalities, consumers, commercial, government and industrial users, such as electrically powered 4x4 vehicles and neighborhood electric vehicles (NEVs). such as airports, resorts and factories. Products include electric-powered and internal > Expand retail sales distribution via organic growth of independent dealer network as combustion-powered golf and multipurpose utility vehicles in use worldwide. well as entry into large national retailers. > Grow presence in industrial, commercial and government sectors. > Strengthen performance of golf segment through new product and service offerings and enhancement of distribution network. Jacobsen

Description Strategic Steps Forward Jacobsen offers a comprehensive line of turf-care products for golf courses, sporting > Accelerate new product development. venues, airports and municipalities, as well as commercial and industrial users. Products > Lead with innovative products focused on total cost of ownership. include professional turf maintenance equipment and specialized turf-care vehicles. > Expand sales in developing markets, especially Asia. > Provide a superior customer experience through our global dealer network. Greenlee

Description Strategic Steps Forward Greenlee offers the most complete line-up of tools, test equipment and accessories a > Accelerate innovative product development focused on enhancing contractor total wire or cable installer needs to complete the job. Electrical, telecom, industrial, cost productivity. plumbing and voice/data/video contractors depend on Greenlee to deliver high quality, > Drive velocity improvement and simplification in processes and services. innovative solutions that drive workforce efficiency and safety on a daily basis. > Continue to outperform the market during the recovery cycle through new products.

Kautex

Description Strategic Steps Forward Kautex is a leading global system supplier to the automotive industry. The company > Expansion in Emerging Markets (e.g. new plant in Romania under construction) and develops and produces blow-molded plastic fuel systems, automotive clear vision enhancing of capabilities (e.g. start of local development center in Guangzhou, China). systems (windshield and headlamp washer systems), Selective Catalytic Reduction > Full Serial production of Next Generation Fuel System (NGFS) in North America and Systems, engine camshafts, and blow-molded industrial packaging products. Europe; Introduction of the Second Generation Selective Catalytic Reduction System (SCR). > Innovative product development: Next Generation Carbon Canister and Hybrid tank solution to support customer needs. > Integrated Continuous Improvement approach focused on velocity and simplicity. Key Data

Industrial (Dollars in millions) 2010 2009 2008 2007 2006 Revenues $2,524 $2,078 $2,918 $2,825 $2,611 Segment profit 1 $ 162 $ 27 $ 67 $ 173 $ 149 Segment profit margin 6.4% 1.3% 2.3% 6.1% 5.7% Total assets $1,604 $1,623 $1,788 $1,916 $1,839 Capital expenditures $ 51 $ 38 $ 69 $ 83 $ 70 Depreciation and amortization $ 72 $ 76 $ 83 $ 79 $ 80

1 Segment profit for manufacturing segments excludes interest expense, certain corporate expenses and special charges.

8 Textron 2010 Fact Book FINANCE SEGMENT

The Finance segment provides financing to customers purchasing products 2% Finance’s share of Textron manufactured by Textron Inc. In December 2008, Textron decided to exit the 2010 revenues non-captive portion of our finance business. The Finance segment is com- prised of Textron Financial Corporation and three Textron Inc. finance sub- sidiaries which provide financing through EXIM/EDC funding.

Sources of Funding (as of 12/31/10) Portfolio Liquidation of $6.2 Billion in 2009/2010

$4.6 Billion Managed Receivables (Dollars in millions) 5% EXIM/EDC $10,821 $3,259 11000 top 7% 32% 10125 Subordinated Debt Line of Credit bottom 9250 12% Securitization 8375 $675 25% 12% $486 7500 Equity Long-Term Debt $396 6625 7% $191 $480 Due to $708 5750 Manufacturing group $4,626 4875

4000

YE 2008 DFG AFG GMD CGE SFD Timeshare Other YE 2010 010 008 Golf Golf Other viation Capital Captive Captive YE 2 YE 2 Finance A Finance imeshare Equipment T Structured Distribution Mortgage/Hotel

Captive Managed Finance Receivables (as of 12/31/10) Non-Captive Managed Finance Receivables (as of 12/31/10) $2.3 Billion $2.3 Billion 9% 4% 5% Golf Equipment Other Distribution Finance 62% 14% 11% Cessna Structured Capital Bell 39% Timeshare 18% 38% Independent Golf Mortgage/Hotel Aviation

Key Data

Textron Finance Segment (Dollars in millions) 2010 2009 2008 2007 2006 Managed finance receivables 1 $ 4,626 $ 7,055 $10,821 $11,123 $10,241 Managed and serviced finance receivables 2 $ 5,405 $ 8,283 $12,173 $12,478 $11,536 Net interest margin 3 1.33% 2.46% 4.74% 5.66% 5.81% Operating and administrative expense as a percentage of average managed and serviced finance receivables 2.50% 2.10% 1.68% 1.71% 1.84% 60 day + delinquency 9.77% 9.17% 2.59% 0.43% 0.77% Nonaccrual % 20.17% 16.75% 4.01% 0.92% 0.90% Allowance for losses, % of finance receivables held for investment 8.13% 5.49% 2.76% 1.03% 1.11% Net charge-offs, % of average finance receivables held for investment 4 2.66% 1.81% 1.00% 0.45% 0.38% Revenues $ 218 $ 361 $ 723 $ 875 $ 798 Segment profit (loss) 5 $ (237) $ (294) $ (50) $ 222 $ 210 Total assets $ 4,949 $ 7,512 $ 9,344 $ 9,383 $ 9,000 Dividends paid to Textron Inc. $ 505 $ 349 $ 142 $ 144 $ 89 Capital contributions paid to TFC under Support Agreement $ 383 $ 270 $ 625 $ — $ —

1 Managed finance receivables are owned receivables and receivables that continue to be serviced, but have been sold in securitizations or similar structures, where risks of ownership have been retained to the extent of our subordinated interests. 2 Managed and serviced finance receivables include participation interests sold to third-party financial institutions without retained credit risk, receivables subject to servicing agreements with third-party financial institutions and finance receivables of resort developers. 3 Net interest margin represents revenues earned less interest expense on borrowings and operating lease depreciation as a percentage of average net investment. Average net investment includes finance receivables plus operating leases, less deferred taxes on leveraged leases. 4 Average finance receivables include both finance receivables held for investment and finance receivables held for sale. 5 Segment profit (loss) represents the measurement used by Textron for evaluating performance and for decision-making purposes. Segment profit (loss) for the Finance segment includes interest income and expense and excludes special charges.

Textron 2010 Fact Book 9 FINANCIAL DATA 2010–2006 1

(Dollars in millions, except per share amounts) 2010 2009 2008 2007 2006 Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 Year Revenues Cessna $ 433 $ 635 $ 535 $ 960 $ 2,563 $ 769 $ 871 $ 825 $ 855 $ 3,320 $ 5,662 $ 5,000 $ 4,156 Bell 618 823 825 975 3,241 742 670 628 802 2,842 2,827 2,581 2,347 Textron Systems 458 534 460 527 1,979 418 477 502 502 1,899 1,880 1,114 790 Industrial 625 661 600 638 2,524 475 508 523 572 2,078 2,918 2,825 2,611 Finance 76 56 59 27 218 122 86 71 82 361 723 875 798 Total revenues $ 2,210 $ 2,709 $ 2,479 $ 3,127 $10,525 $ 2,526 $ 2,612 $ 2,549 $ 2,813 $10,500 $14,010 $12,395 $10,702 Segment profit 2 Cessna $ (24) $ 3 $ (31) $ 23 $ (29) $ 90 $ 48 $ 32 $ 28 $ 198 $ 905 $ 865 $ 645 Bell 74 108 107 138 427 69 72 79 84 304 278 144 108 Textron Systems 55 70 50 55 230 52 55 68 65 240 251 174 92 Industrial 49 51 37 25 162 (9) 12 6 18 27 67 173 149 Finance (58) (71) (51) (57) (237) (66) (99) (64) (65) (294) (50) 222 210 Total segment profit $ 96 $ 161 $ 112 $ 184 $ 553 $ 136 $ 88 $ 121 $ 130 $ 475 $ 1,451 $ 1,578 $ 1,204 Segment profit margins Cessna (5.5)% 0.5% (5.8)% 2.4% (1.1)% 11.7% 5.5% 3.9% 3.3% 6.0% 16.0% 17.3% 15.5% Bell 12.0% 13.1% 13.0% 14.2% 13.2% 9.3% 10.7% 12.6% 10.5% 10.7% 9.8% 5.6% 4.6% Textron Systems 12.0% 13.1% 10.9% 10.4% 11.6% 12.4% 11.5% 13.5% 12.9% 12.6% 13.4% 15.6% 11.6% Industrial 7.8% 7.7% 6.2% 3.9% 6.4% (1.9)% 2.4% 1.1% 3.1% 1.3% 2.3% 6.1% 5.7% Finance (76.3)% (126.8)% (86.4)% (211.1)% (108.7)% (54.1)% (115.1)% (90.1)% (79.3)% (81.4)% (6.9)% 25.4% 26.3% Total profit margin 4.3% 5.9% 4.5% 5.9% 5.3% 5.4% 3.4% 4.7% 4.6% 4.5% 10.4% 12.7% 11.3% Special charges 3 (12) (10) (114) (54) (190) (32) (129) (42) (114) (317) (526) — — Corporate expenses and other, net (37) (17) (35) (48) (137) (35) (45) (44) (40) (164) (171) (257) (207) Interest expense, net for the manufacturing group (36) (35) (32) (37) (140) (28) (34) (40) (41) (143) (125) (87) (90) Income tax benefit (expense) (15) (18) 21 18 6 2 58 11 5 76 (305) (368) (247) Income (loss) from continuing operations $ (4) $ 81 $ (48) $ 63 $ 92 $ 43 $ (62) $ 6 $ (60) $ (73) $ 324 $ 866 $ 660 EPS from continuing operations – diluted 4 $ (0.01) $ 0.27 $ (0.17) $ 0.20 $ 0.30 $ 0.18 $ (0.23) $ 0.02 $ (0.22) $ (0.28) $ 1.29 $ 3.40 $ 2.53 Effective income tax rate 136.4% 18.2% 30.4% (40.0)% (6.4)% (4.9)% 48.3% (220.0)% 7.7% 51.0% 48.6% 29.8% 27.2% Common stock information 4, 5 Price range : High $ 23.46 $ 25.30 $ 21.52 $ 24.18 $ 25.30 $ 16.52 $ 14.37 $ 20.99 $ 21.00 $ 21.00 $ 71.69 $ 74.40 $ 49.48 Low $ 17.96 $ 15.88 $ 16.02 $ 19.92 $ 15.88 $ 3.57 $ 7.13 $ 8.51 $ 17.55 $ 3.57 $ 10.09 $ 43.60 $ 37.76 Dividends declared per share $ 0.02 $ 0.02 $ 0.02 $ 0.02 $ 0.08 $ 0.02 $ 0.02 $ 0.02 $ 0.02 $ 0.08 $ 0.92 $ 0.85 $ 0.78 Diluted average shares outstanding (in thousands) 6 273,174 302,397 274,896 308,491 302,555 244,956 264,091 278,429 272,168 262,923 250,338 254,826 260,444

1 In the first quarter of 2009, we sold the HR Textron business, which was in the Textron Systems’ segment, and, in the third quarter of 2008, we completed the sale of our Fluid & Power business, which was in the Industrial segment. Both of these businesses have been reclassified into discontinued operations, and all periods presented have been recast to reflect this presentation. 2 Segment profit is an important measure used in evaluating performance and for decision-making purposes. Segment profit for manufacturing segments excludes interest expense, certain corporate expenses, and special charges. The measurement for the Finance segment includes interest income and expense and excludes special charges. 3 Special charges include restructuring charges of $99 million, $237 million and $64 million in 2010, 2009 and 2008, respectively, primarily related to severance and asset impairment charges. In addition, in the third quarter of 2010, special charges include a $91 million non-cash pre-tax charge to reclassify a foreign exchange loss from equity to the income statement as a result of substantially liquidating a Finance segment entity. In 2009, special charges also include a goodwill impairment charge of $80 million in the Industrial segment. In 2008, special charges also include charges related to strategic actions taken in the Finance segment to exit portions of the commercial finance business, including an impairment charge of $169 million for unrecoverable goodwill and the initial pre-tax mark-to-market adjustment of $293 million related to the designation of a portion of our finance receivables as held for sale. 4 For the years and quarters with a loss from continuing operations, the potential dilutive effect of stock options, restricted stock units and shares that could be issued upon the conversion of our 4.50% convertible Senior Notes and upon the exercise of the related warrants was excluded from the computation of diluted weighted-average shares outstanding as the shares would have an anti-dilutive effect on the loss from continuing operations. 5 Amounts for 2006 have been restated to reflect a two-for-one stock split in 2007. 6 Diluted average shares outstanding assumes the exercise of stock options, restricted stock units, and the shares that could be issued upon the conversion of our 4.50% convertible senior notes and upon the exercise of the related warrants.

10 Textron 2010 Fact Book SELECTED FINANCIAL STATISTICS 2010–2006

(Dollars in millions, except where noted and stock-related information) 2010 2009 2008 2007 2006 Income Revenues $ 10,525 $ 10,500 $ 14,010 $ 12,395 $ 10,702 Statement Segment profit 553 475 1,451 1,578 1,204 Data Special charges (190) (317) (526) — — Corporate expenses and other, net (137) (164) (171) (257) (207) Interest expense, net for the manufacturing group (140) (143) (125) (87) (90) Income tax benefit (expense) 6 76 (305) (368) (247) Effective tax rate (6.4)% (51.0)% 48.6% 29.8% 27.2% Income (loss) from continuing operations $ 92 $ (73) $ 324 $ 866 $ 660 1 Diluted EPS from continuing operations $ 0.30 $ (0.28) $ 1.29 $ 3.40 $ 2.53 Balance Cash and cash equivalents $ 898 $ 1,748 $ 531 $ 471 $ 733 Sheet Data – Accounts receivable, net 892 894 894 926 817 Manufacturing Inventories 2,277 2,273 3,093 2,536 1,922 group Property, plant and equipment, net 1,932 1,968 2,088 1,894 1,677 Goodwill 1,632 1,622 1,698 1,883 1,018 Total assets from continuing operations 10,333 11,428 10,353 9,859 7,821 Total debt 2,302 3,584 2,569 2,146 1,796 Total liabilities from continuing operations 7,933 9,445 9,205 7,737 6,563 Shareholders’ equity 2,972 2,826 2,366 3,507 2,649 Non-GAAP Net cash provided by operating activities of continuing Cash Flow operations – GAAP $ 730 $ 738 $ 407 $ 1,144 $ 1,044 Calculations – Less: Capital expenditures (270) (238) (537) (369) (403) Manufacturing Dividends received from TFC (505) (349) (142) (135) (80) group 2 Plus: Capital contributions paid to TFC 383 270 625 — — Proceeds on sale of property, plant and equipment 4 3 9 6 7 Voluntary contributions to pension plans 350 — — — — Free cash flow – Manufacturing group – Non-GAAP $ 692 $ 424 $ 362 $ 646 $ 568 Required contributions to pension plans $ 67 $ 79 $ 70 $ 50 $ 33 Manufacturing cash flow before pension contributions– Non-GAAP $ 759 $ 503 $ 432 $ 696 $ 601 Other Cash Depreciation and amortization 362 373 360 282 237 Flow Items – Net cash used in acquisitions (57) — (109) (1,092) (338) Manufacturing Net proceeds from sale of businesses — — — (14) 8 group Net change in debt (1,199) 803 386 256 (252) Dividends paid (22) (21) (284) (154) (244) Purchases of Textron common stock — — (533) (304) (761) Total number of shares purchased (in thousands) 3 — — 11,646 5,884 17,148 Key Ratios Segment profit margin 5.3% 4.5% 10.4% 12.7% 11.3% Selling and administrative expenses as % of sales 11.7% 12.8% 11.4% 12.4% 12.8% Inventory turns (based on FIFO) 2.7x 2.6x 3.7x 3.9x 4.1x Ratio of income to fixed charges – Manufacturing group 3.67x 2.29x 4.95x 9.50x 7.22x Debt-to-capital (net of cash) – Manufacturing group 32% 39% 46% 32% 29% Stock-Related Stock price at year-end $ 23.64 $ 18.81 $ 15.37 $ 71.62 $ 46.88 Information Dividend payout ratio 4 26% (29)% 71% 25% 31% Dividends declared per share $ 0.08 $ 0.08 $ 0.92 $ 0.85 $ 0.78

Other Research and development $ 702 $ 844 $ 966 $ 804 $ 771 Statistics Number of employees at year-end 32,000 32,000 43,000 42,000 38,000 Average revenues per employee (in thousands) $ 327 $ 293 $ 342 $ 331 $ 301

1 For the years and quarters with a loss from continuing operations, the potential dilutive effect of stock options, restricted stock units and shares that could be issued upon the conversion of our 4.50% convertible Senior Notes and upon the exercise of the related warrants was excluded from the computation of diluted weighted-average shares outstanding as the shares would have an anti-dilutive effect on the loss from continuing operations. 2 In 2011, we changed the definition of our non-GAAP cash flow measure to exclude all pension contributions. Prior periods have been recast to conform to this presentation. 3 Amounts for 2006 have been restated to reflect a two-for-one stock split in 2007. 4 Dividend payout ratio: Dividends declared/diluted earnings per share from continuing operations.

Textron 2010 Fact Book 11 RETURN ON INVESTED CAPITAL (ROIC)

ROIC is a non-GAAP financial measure that our management believes is useful to At the beginning of the year, our invested capital represents total shareholders’ equity investors as a measure of performance and of the effectiveness of the use of capital in and Manufacturing group debt, less its cash and cash equivalents and the loan to the our operations. Finance group. At the end of the year, we typically adjust ending invested capital for significant events unrelated to our normal operations for the year such as acquisitions, We measure performance based on our return on invested capital (ROIC), which is dispositions and special charges. In 2006, we also adjusted invested capital to eliminate calculated by dividing ROIC income by average invested capital. ROIC income includes the impact of the adoption of a new accounting standard for pension plan accounting. income from continuing operations and adds back after-tax amounts for 1) interest expense for the Manufacturing group, 2) special charges, 3) gains or losses on the sales of businesses or product lines and 4) operating results related to operations discontinued during the period.

TOTAL TEXTRON

(Dollars in millions) 2010 2009 2008 2007 2006 ROIC Income Income from continuing operations $ 92 $ (73) $ 324 $ 866 $ 660 Interest expense for Manufacturing group 88 91 80 56 58 Special charges and gain on sale of businesses/product lines 153 230 446 — — Operating results of business units in discontinued operations, net of taxes 1 — 2 42 49 46 Other adjustments 2 — — (2) — ROIC Income $ 335 $ 250 $ 892 $ 969 $ 764 Invested Capital at end of year Total shareholders’ equity $2,972 $2,826 $2,366 $3,507 $2,649 Total Manufacturing group debt 2 2,302 3,584 2,569 2,146 1,800 Loan to Finance group (315) (413) (133) — — Cash and cash equivalents for Manufacturing group (898) (1,748) (531) (471) (733) Net cash used by Manufacturing group for acquisitions (57) — (109) (1,092) (338) Eliminate special charges, net of income taxes 153 230 446 — — Eliminate net cash proceeds from sale of business — 288 380 — 644 Eliminate impact of gain on sale of businesses/product lines — (8) (111) — — Adjustment to shareholders’ equity related to adoption of new accounting standard — — — — 647 Invested Capital at end of year, as adjusted 4,157 4,759 4,877 4,090 4,669 Invested Capital at beginning of year 4,249 4,271 5,184 3,716 4,412 Average Invested Capital $4,203 $4,515 $5,031 $3,903 $4,541 Return on Invested Capital 8.0% 5.5% 17.7% 24.8% 16.8%

1 Includes HR Textron (2009) and Fluid & Power (2008). 2 Includes amounts classified as discontinued operations for 2006.

12 Textron 2010 Fact Book Design: www.inergygroup.com our web site at www.textron.com or call (888) TXT-LINE. cover. For the most recent company news and earnings press releases, visit request to Textron Investor Relations at the address listed on the outside web site at www.textron.com, call (888) TXT-LINE or send your written of Textron’s Forms 10-K, 10-Q, Proxy Statement or Annual Report, visit our Textron Inc. shareholders and the investment community. To receive a copy This Fact Book is one of several sources of information available to Information General Email: [email protected] www.amstock.com (866) 621-2790 Brooklyn, NY 11219 6201 15th Ave Operations Center American Stock Transfer & Trust Company, LLC Transfer Agent and Registrar Chicago Stock Exchange New York Stock Exchange Common Stock Ticker Symbol – TXT N O I Stock Exchange Listings AT M R O F N I K C O T S

Share Ownership June 1, 1987; May 30, 1997 and August 24, 2007 Distribution dates: January 1, 1966; September 1, 1967; May 11, 1987; May 9, 1997 and August 3, 2007 Record dates: December 17, 1965; August 11, 1967; Stock Splits January 1, 2011 Payable dates: April 1, July 1, October 1, 2010 and Record dates: March 12, June 11, September 10 and December 10, 2010 Common Stock Dividends 275,739,000 shares outstanding 500,000,000 shares authorized Common Stock: par value $0.125 per share (as of January 1, 2011) Capital Stock  Employees/Directors/ Foreign Institutions Foreign Individual & Other & Individual

Officers (estimated as of 1/1/2011) 12% 11% 5%

Textron 2010 Fact Book 13 TextronBook Fact 2010 U.S. Institutions U.S. 72% BUSINESS DIRECTORY

World Headquarters Textron Financial Contact Information Textron Inc. Textron Financial Corporation Investors 40 Westminster Street 40 Westminster Street Douglas R. Wilburne Providence, RI 02903 Providence, RI 02903 Vice President, Investor Relations (401) 421-2800 (401) 621-4200 [email protected] www.textron.com www.textronfinancial.com (401) 457-3606 (401) 457-2220 (fax) Bell Industrial Rebecca C. Rosenbaum Bell Helicopter Kautex Manager, Investor Relations P.O. Box 482 Kautexstrasse 52 [email protected] Ft. Worth, TX 76101-0482 53229 Bonn (401) 752-5165 (817) 280-2011 Germany (401) 457-2220 (fax) www.bellhelicopter.textron.com 011-49-228-4880 www.kautex.com Textron Systems Banks and Rating Agencies Greenlee Mary F. Lovejoy Textron Systems 4455 Boeing Drive Vice President and Treasurer 201 Lowell Street Rockford, IL 61109 [email protected] Wilmington, MA 01887 (815) 397-7070 (401) 457-6009 (978) 657-5111 www.greenlee.com (401) 457-3533 (fax) www.systems.textron.com E-Z-GO Media Cessna 1451 Marvin Griffin Road Augusta, GA 30906 Adele J. Suddes Cessna Aircraft Company (706) 798-4311 Vice President, Communications P.O. Box 7706 www.ezgo.com [email protected] Wichita, KS 67277-7706 (401) 752-3801 Jacobsen (401) 457-3598 (fax) (316) 517-6000 11108 Quality Drive www.cessna.com Charlotte, NC 28273 Karen Gordon Quintal (704) 504-6600 Director, External Communications & www.jacobsen.com Brand Management [email protected] (401) 457-2362 (401) 457-3598 (fax)

Legal Entities: Corporation (“Avco”) is a wholly owned subsidiary of Textron Inc. Bell Helicopter Textron Inc. (“Bell Helicopter”) is a wholly owned subsidiary of Textron Inc. Bell Helicopter consists of several subsidiaries and operating divisions. The Textron Systems group of businesses includes AAI Unmanned Aircraft Systems, AAI Test & Training, and AAI Logistics & Technical Services, each of which is an unincorporated division of AAI Corporation; Overwatch Systems Ltd.; Textron Systems Corporation (d/b/a Textron Defense Systems); Lycoming Engines, an operat- ing division of Avco Corporation; and the Textron Marine & Land Systems Division of Textron Inc. AAI Corporation, Overwatch Systems Ltd., and Textron Systems Corporation are subsidiaries of Avco Corporation, a wholly-owned subsidiary of Textron Inc. Cessna Aircraft Company (“Cessna”) is a wholly owned subsidiary of Textron Inc. Kautex conducts its business through a number of separately incorporated companies and other operations. The Greenlee business unit consists of various legal entities, including but not limited to Greenlee Textron Inc.,a wholly owned sub- sidiary of Textron Inc. Textron Financial Corporation (“Textron Financial”) is a wholly owned subsidiary of Textron Inc. Textron Financial consists of several subsidiaries and operating divisions.

Trademarks: AAI; AH-1Z; BA609; Bell/Agusta Aerospace Company, LLC; Bell Helicopter; Bravo; Cadillac Gage; Caravan; Caravan 675; Caravan Amphibian; Cessna; Cessna 350; Cessna 400; Citation; Citation Encore+; CitationAir; CitationAir Jetcard; Citation TEN; Citation X; Citation XLS+; Citation Sovereign; CJ1+; CJ2+; CJ3; CJ4; CLAW; Corvalis; Eclipse; Excel; E-Z-GO; Fly Smart. Fly Bell; Grand Caravan; Greenlee; H-1; Huey II; IE2; Kautex; Kiowa Warrior; Klauke; Lycoming; M1117 ASV; McCauley; Mustang; NGFS; Next Generation Fuel System; Overwatch; Paladin; PDCue; Power Advantage; Progressive; ProParts; Rothenberger LLC; RXV; Sensor Fuzed Weapon; SHADOW; Sovereign; SkyBOOKS; SkyPLUS; SkyCatcher; Skyhawk; Skyhawk SP; Skylane; ST 4X4; Stationair; Super Cargomaster; SuperCobra; SYMTX; TDCue; Tempo; Textron; Textron Defense Systems; Textron Financial Corporation; Textron Global Technology Center; Textron Marine & Land Systems; Textron Systems; Turbo Skylane; Turbo Stationair; UAV SYSTEMS SPECIALIST; UH-1Y; US Helicopter; V-22 Osprey; 2FIVE; 429

Certain statements in this Fact Book and other oral and written statements made by us from time to time are “forward-looking statements” which may describe strategies, goals, outlook or other non-historical matters, or project revenues, income, returns or other financial measures. These statements are only predictions and involve 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. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Forward-looking 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. In addition to those factors described in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q under “Risk Factors”, among the factors that could cause actual results to differ materially from past and projected future results are the following: • changing priorities or reductions in the U.S. Government defense budget, including those related to ongoing military operations in foreign countries; • changes in worldwide economic and political conditions that impact demand for our products, interest rates and foreign exchange rates; • our ability to perform as anticipated and to control costs under contracts with the U.S. Government; • the U.S. Government’s ability to unilaterally modify or terminate its contracts with us for the U.S. Government’s convenience or for our failure to perform, to change applicable procurement and accounting policies, and, under certain circumstances, to suspend or debar us as a contractor eligible to receive future contract awards; • changes in international funding priorities, foreign military budget constraints and determinations, and government policies on the export and import of military and commercial products; • our Finance segment’s ability to maintain portfolio credit quality and to realize full value of receivables and of assets acquired upon foreclosure of receivables; • Textron Financial Corporation’s (“TFC”) ability to maintain certain minimum levels of financial performance required under its committed bank line of credit and under Textron’s support agreement with TFC; • our Finance segment’s access to financing, including securitizations, at competitive rates; performance issues with key suppliers, subcontractors and business partners; • legislative or regulatory actions impacting our operations or demand for our products; • the ability to control costs and successful implementation of various cost-reduction programs; • the efficacy of research and development investments to develop new products and unanticipated expenses in connection with the launching of significant new products or programs the timing of new product launches and certifications of new aircraft products; • the extent to which we are able to pass raw material price increases through to customers or offset such price increases by reducing other costs; • increases in pension expenses and employee and retiree medical benefits; • uncertainty in estimating reserves, including reserves established to address contingent liabilities, unrecognized tax benefits, and potential losses on TFC’s receivables; • difficult conditions in the financial markets that may adversely impact our customers’ ability to fund or finance purchases of our products; and • continued volatility in the economy resulting in a prolonged downturn in the markets in which we do business.