Textron to Release Second Quarter Earnings on July 17, 2003

June 16, 2003

Providence, Rhode Island - June 16, 2003 - Textron Inc. (NYSE: TXT) will release its second quarter 2003 financial results on Thursday morning, July 17, 2003.

The company will host a conference call at 9:00 a.m. Eastern time which will be available via webcast at www.textron.com or by direct dial at (888) 428-4474 in the U.S. or (651) 291-0344 outside of the U.S. (request the Textron Earnings Conference).

The call will be recorded and available for playback beginning at 12:30 p.m. Eastern time on Thursday, July 17, 2003 by dialing (320) 365-3844 Access Code: 671442. The recording will be available until midnight on October 15, 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.

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David Rosenberg, Vice President, Investor Relations
(401) 457-2288

Kyle Williams, Manager, Investor Relations
(401) 457-2288

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