Lycoming Engines Achieves Shingo Silver Medallion

December 18, 2008
Award Recognizes Lycoming’s Lean Transformation and Operational Excellence

Williamsport, PA – December 18, 2008 - Lycoming Engines, a Textron Inc. (NYSE: TXT) company, has been awarded the prestigious Shingo Silver Medallion for Operational Excellence, making it one of just 12 businesses nationwide to achieve the honor in 2008 and the first Textron business to be so honored.

Dubbed the “Nobel Prize for manufacturing” and named in honor of Dr. Shigeo Shingo, the storied engineer who helped create the Toyota Production System and other Lean Manufacturing processes, the Shingo Prize program is recognized as the global, premier award process for manufacturing excellence. Businesses can challenge for Shingo only after they have shown measurable, sustained levels of operational excellence and exhibit a lean culture across all functions. After submitting a comprehensive report based on its achievements over a minimum of three years, the business then must undergo a rigorous multi-day on-site evaluation. Scores for the Shingo Award are given in several categories, including leadership and ethics, people development, continuous process improvement, lean enterprise culture, and business results.

“The Shingo Silver Medallion recognizes Lycoming’s impressive transformation into a lean, globally competitive manufacturer,” said Ian Walsh, senior vice president and general manager of Lycoming Engines. “Our transformation was made possible through the tremendous teamwork of every Lycoming employee and support from Textron Systems and other Textron businesses.”

Beginning in 2005, Lycoming committed to Lean principles, focusing on employee engagement, leadership and teamwork at all levels — bringing together best practices from across Textron and created some if its own. Today, Lycoming, in its unwavering focus to be the premier aviation engine company recognized for its products, innovation and customer service, powers more than half of the world's general aviation fleet.

"We have worked extremely hard to create strong leadership and alignment, motivate every employee and transform ourselves into a premier company,” says Walsh. “The Shingo Silver Medallion exemplifies what can be achieved when we relentlessly focus on continuous improvement. I am proud of our team and honored to be a part of Lycoming's impressive transformation."

About Lycoming Engines
Lycoming Engines specializes in Engineering, Manufacture, Service and Support of piston aircraft engines. Headquartered in Williamsport, Pennsylvania, Lycoming piston engines power more than half of the world's general aviation fleet - both rotary-wing and fixed-wing. Lycoming Engines is a division of Avco Corporation, a wholly owned subsidiary of Textron Inc. More information is available at

About Textron Systems
Textron Systems Corporation has been providing innovative solutions to the defense, homeland security and aerospace communities for over 50 years. Known for its precision smart weapons, intelligent battlefield systems, surveillance systems, intelligence software solutions, aircraft control components, piston engines, armored vehicles and unmanned aircraft systems, Textron Systems includes AAI, HR Textron, Lycoming Engines, Overwatch Tactical Operations, Overwatch Geospatial Systems, Textron Defense Systems, and Textron Marine & Land Systems. Textron Systems Corporation is an indirect wholly owned subsidiary of Textron Inc. More information is available at

About Textron Inc.
Textron Inc. is a $12.6 billion multi-industry company operating in 28 countries with approximately 42,000 employees. The company leverages its global network of aircraft, defense and intelligence, 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, Textron Systems and Textron Financial Corporation. More information is available at

Connect with Textron IR

Eric Salander, Vice President, Investor Relations
(401) 457-2288
Cameron Vollmuth, Manager,
Investor Relations (401) 457-2288

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