Rockford, IL - July 8, 2008 - Textron Inc.'s (NYSE: TXT) Greenlee business unit has completed an acquisition of Utilux, a leading manufacturer of electrical connectors and cable assemblies for electrical distributors and a number of European industrial segments. With this acquisition, Greenlee adds key product offerings and capacity to its Klauke division, which is based in Remscheid, Germany, and is known for compression connectors and crimping and cutting tools. This acquisition allows Klauke to better serve its existing customers, while at the same time, adding important new customers for its connector and tool technology.

With revenues of about $28 million in fiscal year 2007, Utilux has about 220 employees and will continue to operate out of its Slovakian and UK locations.

Earlier in the year, Greenlee purchased some intellectual property from privately-owned, San Diego-based Telefonix, a copper testing equipment company. Greenlee acquired the rights to Telefonix' intellectual properties and technologies and assumed current contracts with Telefonix' customers, including AT&T. The ToneRanger® product line will now be manufactured at Greenlee's facility in Vista, California.

"Utilux and Telefonix are both welcome additions to Greenlee," said Scott Hall, Greenlee president. "Both companies have a proven history of developing and bringing successful, new products and techniques to their respective markets. These acquisitions will assist in the expansion of our product lines and in the growth of the sales of Greenlee's interconnection and communications test products."

About Greenlee
Greenlee is known as a global leader in the professional tool category. The Rockford, Illinois-based company develops high quality innovative products distinguished by customer-driven design and differentiated by supply chain excellence. Greenlee also leverages its powerful brands such as Klauke, Tempo, Fairmont and Paladin in the electrical, plumbing, communications, construction and maintenance markets worldwide. More information is available at www.greenlee.com.

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.