Textron Expands Global Manufacturing Presence

September 29, 2008
Establishes New Facility in Chihuahua, Mexico

Providence, RI - September 29, 2008 - Textron Inc. (NYSE: TXT) today announced that it will expand its operations in Mexico through an agreement with the State of Chihuahua to develop and build a new manufacturing facility, which will operate as Textron International Mexico (TIM).

The new facility will be used to manufacture various minor assemblies, structural elements and wire bundles for the Bell 429 commercial helicopter. Once work is completed in Mexico, the parts will be shipped to Textron's Canadian helicopter manufacturing operation for final assembly. This expansion continues to broaden Textron's global footprint while enhancing Chihuahua's growing regional aerospace hub.

"We are very pleased to increase our presence in Chihuahua," said Siisi Adu-Gyamfi, senior vice president, International and Marketing for Textron. "To better serve the needs of our increasingly global customer base, we have long recognized the importance of investing our resources to deliver the greatest value -- for us and for our customers."

"Chihuahua offers Textron an outstanding industrial environment in which to do business," Adu-Gyamfi continued. "We continue to be impressed with its talented labor force, as well as its strategic northern Mexico location."

Textron expects to ultimately employ approximately 375 at the new facility. This regional expansion is part of Textron's ongoing strategy to grow its global footprint and heighten sourcing, manufacturing, engineering, recruiting and business development capabilities around the world.

"We welcome Textron's expansion and look forward to a prosperous future together," said Chihuahua State Governor, Jose Reyes Baeza Terrazas, "We've developed a modern infrastructure with advanced transportation and utilities systems and access that, coupled with our highly trained labor pool are extremely conducive for supporting businesses like Textron."

About Textron Inc.
Textron Inc. is a $13.2 billion multi-industry company operating in 34 countries with approximately 44,000 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, 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 at Textron's customers or suppliers; (c) the occurrence of slowdowns or downturns in customer markets in which our products are sold or supplied; (d) changes in aircraft delivery schedules or cancellation of orders; (e) risks and uncertainties related to building new facilities, including difficulties, delays or unanticipated expenses in completing the facility, the disruption ofcurrent plans and operations, or the failure to achieve anticipated cost savings and opportunities; and (f) risks related to doing business internationally, including the impact of regulations relating to import-export control, investments, exchange controls and repatriation of earnings, as well as varying currency, geo-political and economic risks.

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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