Textron Inc. (NYSE: TXT) (“Textron”) announced today that its 4.5% Convertible Senior Notes due 2013 (CUSIP #883203BN0) (the “Notes”) will be convertible at the option of the holders through September 30, 2012, the last day of the third calendar quarter, as provided in the Indenture, dated as of September 10, 1999, between Textron and The Bank of New York Mellon Trust Company, N.A., as Trustee, as supplemented by the Supplemental Indenture, dated as of May 5, 2009 (the “Indenture”). The Notes will be convertible because Textron’s common stock price exceeded the conversion threshold price of $17.06 per share (130 percent of the applicable conversion price of $13.125 per share) for at least 20 trading days during the 30 consecutive trading days ending June 29, 2012. As a result, during the third calendar quarter, holders of the Notes may elect to convert some or all of their Notes. Whether the Notes will be convertible at any time after September 30, 2012 will depend on whether any of the conversion conditions specified in the Indenture are satisfied, including whether the price of Textron’s common stock exceeds the conversion threshold price for the requisite number of trading days during subsequent quarters. The Company may deliver shares of common stock, cash or a combination of cash and shares of common stock in satisfaction of its obligations upon conversion of the Notes. Holders of Notes may obtain further information on how to convert their Notes by contacting the conversion agent at the following address: Bank of New York Mellon CorporationCorporate Trust OperationsReorganization Unit101 Barclay Street - 7 EastNew York, N.Y. 10286Attn: Ms. Diane Amoroso This press release is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell any Notes or Textron’s common stock.