Textron Declares Quarterly Dividend

PROVIDENCE, R.I.--April 28, 2004--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, 2004 to holders of record at the close of business on June 11, 2004.

Textron Inc. is a $10 billion multi-industry company with more than 43,000 employees in 40 countries. The company leverages its global network of aircraft, 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 Helicopter, Cessna Aircraft, Kautex, Lycoming, E-Z-GO and Greenlee, among others. More information is available at www.textron.com.