Textron to Donate up to $750,000 for Tsunami Relief Effort; Company an

    Business Editors

    PROVIDENCE, R.I.--(BUSINESS WIRE)--Jan. 11, 2005--Textron Inc. (NYSE: TXT) today announced that it will donate up to $750,000 to assist with relief efforts in the Southeast Asian and African countries affected by the recent devastation and aftermath caused by the December 26th earthquake and related tsunamis. The donation includes an initial company contribution of $250,000 to the American Red Cross International Response Fund's tsunami relief efforts, in addition to a $250,000 grant for a dollar-for-dollar match of employee contributions to the organization.
    "On behalf of Textron employees worldwide, our heartfelt sympathies go out to all who have been affected by this devastating tragedy," said Lewis B. Campbell, Textron Chairman, President, and Chief Executive Officer. "Our employees have a long history of mobilizing to support their communities during times of crisis. As part of the global community, our greatest hope is that this contribution may touch the lives of those in need." This effort accompanies a variety of local efforts initiated by Textron businesses and facilities worldwide in support of tsunami relief in affected regions.

    About American Red Cross International Response Fund Relief Efforts

    The American Red Cross responded immediately to the disaster and has been coordinating efforts through the International Federation of the Red Cross and Red Crescent Societies. Among other services, the national societies in the affected areas are treating the injured, providing shelter and emergency supplies and delivering critical psychosocial health services for those traumatized by these events. The American Red Cross has deployed teams of specialized relief workers and has moved emergency relief supplies such as family tents, hygiene kits and kitchen sets to the affected regions. The American Red Cross continues contact with its partners on the ground in order to support operations with relief supplies, financial assistance, technical supplies, tracing activities and personnel as requested by affected sister International Red Cross and Red Crescent societies.

    About Textron

    Textron Inc. is a $10 billion multi-industry company with more than 43,000 employees in nearly 40 countries. The company leverages its global network of aircraft, 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, Kautex, Lycoming, E-Z-GO and Greenlee, among others. More information is available at www.textron.com.

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CONTACT: Textron Media Contact: Karen Gordon, 401-457-2362 or Investor Contact: Doug Wilburne, 401-457-3606

KEYWORD: RHODE ISLAND INDUSTRY KEYWORD: BANKING AEROSPACE/DEFENSE GOVERNMENT MANUFACTURING SOURCE: Textron Inc.

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