Textron Declares Quarterly Dividend

    PROVIDENCE, R.I.--Oct. 24, 2001--The Board of Directors of Textron Inc. today declared a quarterly dividend of thirty-two and a half cents ($0.325) per share on the company's Common Stock.
    The Board of Directors also declared a quarterly dividend of fifty-two cents ($0.52) per share on Textron's $2.08 Cumulative Convertible Preferred Stock, Series A, and thirty-five cents ($0.35) per share on the company's $1.40 Convertible Preferred Dividend Stock, Series B.
    All dividends will be paid on January 1, 2002 to holders of record at the close of business on December 14, 2001.

    Textron Inc. (www.textron.com) is a $13 billion, global, multi-industry company with market-leading businesses in Aircraft, Automotive, Industrial Products, Fastening Systems and Finance. Textron has a workforce of 68,000 employees and major manufacturing facilities in 30 countries. Textron is among Fortune magazine's "Global Most Admired Companies" and Industry Week magazine's "Best Managed Companies."