Providence, RI - December 5, 2007 - Today, Textron
Inc. (NYSE: TXT) Chairman, President and CEO Lewis B. Campbell will
ring the closing bell of the New York Stock Exchange, marking the
company's 60th consecutive year of trading.
"Textron has a long and distinguished history and we are very
proud of who we are today," said Campbell. "Our listing on the
Exchange allowed us to evolve from a tiny textile company to an $11
billion multi-industry company. Our 60th anniversary celebration is
tribute to our commitment to value creation and is homage to the
tradition and innovation of both Textron and the New York Stock
Exchange."
Textron started as a small textile company in 1923, when founder
Royal Little created the Special Yarns Corporation in Boston,
Massachusetts. Little had a vision of owning a collection of diverse
companies that combined would create a balanced portfolio, making
Textron the original conglomerate. In the years to follow, Textron
acquired, developed and often divested a wide variety of companies
that produced items such as silverware, clothing, watchbands,
pharmaceuticals, paper, insurance, pens, boats, machine tools and
snowmobiles.
Textron's Transformation, which began in 2001, has helped enable
its vision and in developing a value-added network of common
processes, services and philosophies for growing its powerful brands
and talented people. Textron today is committed to becoming the
premier multi-industry company that is a networked enterprise of
globally strong businesses in attractive industries that delivers top
quartile shareholder returns.
Campbell added, "Textron's strong outlook for the rest of the
decade is a direct result of our ongoing operational improvements and
record aircraft backlogs - all of which reflect the effectiveness of
our customer and product design processes. As we continue on our
transformation journey we will leverage our size, scope and talent to
help make our businesses even stronger and stakeholders' experiences
even more compelling while we enjoy many more fertile years with the
Exchange."
About Textron Inc.
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.
