Textron's Bell Completes Major Milestone in the 429 Development

October 26, 2007

Fort Worth, TX - October 26, 2007 - Officials from Bell Helicopter, a Textron Inc. company (NYSE: TXT), today announced the completion of another major milestone in the development of the Bell 429, Bell's new advanced-technology helicopter. The 429 team has set or "frozen" the final exterior profile design, verified through months of development flight testing.

Commenting on the event Robert Fitzpatrick, senior vice president for Marketing and Sales said, "This is one of the most significant events in the development of an aircraft. This means our design meets the aesthetic and in-flight handling specifications we set long ago. These are specifications we promised we would deliver to our customers. This moves us much closer to our certification and beginning delivery goal of the end of 2008."

Since the introduction of the 429, Bell's new advanced-technology, light twin-engine helicopter at HELI-EXPO in 2005, two prototypes have accumulated over 400 hours of rigorous flight testing. One aircraft is in Colorado performing high altitude testing and the other is in Arizona doing high temperature testing.

To date Bell has received over 240 customer purchase agreements for the Bell 429. With first delivery slated to occur at the end of 2008, Bell plans to ramp production to 60 aircraft per year by 2011.

Bell believes that its targeted market segments have found the aircraft design well-suited for their applications. The performance specifications, low operating costs and onboard advanced technology equipment make the 429 extremely adept at typical helicopter missions flown today. For example, it is particularly suited for the emergency medical evacuation mission with a large cabin, easy access doors and a rear-door entry option. Also, law enforcement agencies have found that the 429 will efficiently carry the people and equipment necessary for their vital missions.

Bell Helicopter is an industry-leading producer of commercial and military, manned and unmanned vertical lift aircraft and the pioneer of the revolutionary tilt rotor aircraft. Globally recognized for world-class customer service, innovation and superior quality, Bell's global workforce serves customers flying Bell aircraft in more than 120 countries.

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.

Forward-looking Information: Certain statements in this press release are forward-looking statements and speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contained in the statements, including but not limited to the following: (a) changes in worldwide economic and political conditions that impact demand for our products, interest rates and foreign exchange rates; (b) the interruption of production at Textron facilities or Textron's customers or suppliers; (c) the timing of new product launches and certifications of new aircraft products; (d) the occurrence of slowdowns or downturns in customer markets in which Textron products are sold or supplied; (e) changes in aircraft delivery schedules or cancellation of orders; (f) the launching of significant new products or programs which could result in unanticipated expenses; and (g) bankruptcy or other financial problems at major suppliers that could cause disruptions in Textron's supply chain.

Connect with Textron IR

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

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