Textron Sells Interests in Two Brazilian Joint Ventures

PROVIDENCE, R.I.--June 3, 2004--As part of its ongoing effort to divest non-core assets, Textron Inc. today announced the sale of InteSys Technologies' 50 percent stake in two Brazilian-based joint ventures to its venture partner, Metegal Telecom Participacoes Ltda. Both joint venture companies provide engineered assemblies for the Brazilian telecommunications industry. Terms of the transaction were not disclosed.

InteSys, a division of Textron's Greenlee business unit, is a provider of plastic and metal engineered assemblies for a variety of end-markets, including the telecommunications, medical and computer/business machines industries.

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.