Textron Declares Quarterly Dividend

    PROVIDENCE, R.I.--April 23, 2003--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 July 1, 2003 to holders of record at the close of business on June 13, 2003.

    Textron Inc. is an $11 billion multi-industry company with 49,000 employees in 40 countries. The company leverages its global network of businesses to provide customers with innovative solutions and services in industries such as aircraft, fastening systems, industrial products and components and finance. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft, Kautex, Lycoming, E-Z-GO and Greenlee, among others. More information is available at www.textron.com.