Textron Marine & Land Systems Awarded New ASV Contract from U.S. Army

July 23, 2009

New Orleans, LA - July 23, 2009 - Textron Marine & Land Systems, an operating unit of Textron Systems, a Textron Inc. (NYSE: TXT) company, today announced the signing of a new letter contract for the Armored Security Vehicle (ASV) with the U.S. Army Tank-automotive and Armaments Command (TACOM).

The contract includes a base order of an additional 191 M1117 ASVs and 38 M1200 Armored Knight vehicles, as well as field support and special sustainment tools. Delivery is expected to commence February 2010 and, should all options of the contract be exercised, could continue into 2013. The contract totals approximately $200 million, of which $99 million is currently funded. Textron Marine & Land Systems has delivered a total of 2,153 ASVs to the U.S. Army to-date.

“This new contract is a continuing testament to the capability of the ASV and the people here at Textron Marine & Land Systems that dedicate themselves to building this highly mobile and survivable vehicle,” said Textron Marine & Land Systems General Manager Tom Walmsley. “The ASV has been outstanding in protecting our troops in military operations around the world, has demonstrated an excellent readiness rate, and has a proven maintenance record in some of the most difficult combat situations in the world. We’re proud of the mission success of the ASV, but what is most important is returning our soldiers homes safely when their combat service is complete.”

The ASV is a 4X4 wheeled armored vehicle that offers significant crew protection through the employment of multiple layers of armor, defending against small arms fire, artillery projectile fragments, Improvised Explosive Devices (IEDs) and land mines. The ASV possesses superior mobility, agility, handling and ride quality through the utilization of a four-wheel independent suspension system.

The ASV has maintained exceptional operational readiness and combat availability rates over the life of the U.S. Army program as vehicles log more than 30,000 miles per year in combat operations. Textron Marine & Land Systems has achieved more than 46 consecutive months of on-time delivery to the U.S. Army on the ASV program.

The ASV family of vehicles performs a wide variety of missions including scout, infantry personnel carrier, reconnaissance, command and control and recovery. U.S. Army ASV missions include operations with the Military Police, convoy protection, perimeter security, as well as Field Artillery Combat Observation and Lasing Teams (COLT) with the M1200 ASV configuration.

About Textron Systems
Textron Systems Corporation has been providing innovative solutions to the defense, homeland security and aerospace communities for more than 50 years. Known for its unmanned aircraft systems, advanced marine craft, armored vehicles, intelligent battlefield and surveillance systems, intelligence software solutions, precision smart weapons, piston engines, test and training systems, and total life cycle sustainment services, Textron Systems includes AAI Corporation, Lycoming Engines, Overwatch Geospatial Systems, Overwatch Tactical Operations, 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 www.textronsystems.com.

About Textron Inc.
Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, 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, and Textron Systems. 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) changing priorities or reductions in the U.S. Government defense budget, including those related to Operation Iraqi Freedom, Operation Enduring Freedom and the Overseas Contingency Operations; (d) our ability to perform as anticipated and to control costs under contracts with the U.S. Government; (e) the U.S. Government’s ability to unilaterally modify or terminate its contracts with us for the U.S. Government’s convenience or for our failure to perform, to change applicable procurement and accounting policies, and, under certain circumstances, to suspend or debar us as a contractor eligible to receive future contract awards; (f) changes in vehicle delivery schedules or cancellation of orders; (g) legislative or regulatory actions impacting defense operations; (h) performance issues with key suppliers, subcontractors and business partners; and (i) bankruptcy or other financial problems at major suppliers that could cause disruptions in Textron's supply chain.

Connect with Textron IR

Eric Salander, Vice President, Investor Relations
(401) 457-2288
Jeffrey Trivella, Manager,
Investor Relations (401) 457-2288

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