Textron Systems Names Robert Sullivan Chief Financial Officer, John Condon to Retire

November 04, 2009

WILMINGTON, Mass.--(BUSINESS WIRE)--Nov. 4, 2009-- Textron Systems, a Textron Inc. (NYSE:TXT) company, today announced the promotion of Robert Sullivan to Textron Systems’ senior vice president and chief financial officer and the retirement of John Condon, the company’s current senior vice president of Finance.

Effective January 4, 2010, Sullivan will take over responsibility for the accounting, financial planning, analysis and reporting activities of Textron Systems — one of Textron’s five reporting segments. Sullivan will report to Textron senior vice president and corporate controller Dick Yates while working directly with Frank Tempesta, Textron Systems president and chief executive officer.

Sullivan has held leadership, finance and accounting positions of increasing responsibility within Textron Systems over the past 25 years, including finance director for Textron Systems working closely with the company’s operating units. For the past three years, Sullivan has served as vice president of Finance and Administration for Textron Defense Systems, an operating unit of Textron Systems.

“A long-standing Finance leader in our company, Bob is closely involved in the development of our operating plans and management of our financials. Given his extensive experience with our five operating units, I am confident he will have an immediate and positive impact as we look to continue our growth,” said Tempesta.

Condon will remain involved into early 2010 to help facilitate year-end close and support a smooth transition.

“John has been a strong leader through Textron Systems’ impressive growth in recent years and has been a valued member of our team for the past 30 years. We wish him the best in retirement, and thank him for his dedication and many contributions to Textron Systems’ continued success,” added Tempesta.

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, 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.

 

Source: Textron Inc.

Investor Contacts:
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Doug Wilburne, 401-457-2288
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Bill Pitts, 401-457-2288
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Media Contacts:
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Stephen Greene, 978-657-2405
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Textron
Michael Maynard, 401-457-2474

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

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