Textron Declares Quarterly Dividend

PROVIDENCE, R.I.--The Board of Directors of Textron Inc. today declared a quarterly dividend of $0.3875 per share on the company’s Common Stock.

The Board of Directors also declared a quarterly dividend of $0.52 per share on Textron’s $2.08 Cumulative Convertible Preferred Stock, Series A, and $0.35 per share on the company’s $1.40 Convertible Preferred Dividend Stock, Series B.

All dividends will be paid on April 1, 2007, to holders of record at the close of business on March 9, 2007.

Textron Inc. is an $11 billion multi-industry company operating in 32 countries with approximately 40,000 employees. 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 Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, Fluid & Power, Textron Systems and Textron Financial Corporation. More information is available at www.textron.com.