Textron Declares Quarterly Dividend

PROVIDENCE, R.I.--(Business Wire)--
The Board of Directors of Textron Inc. (NYSE:TXT) today declared a
quarterly dividend of $0.23 per share on the company's Common Stock.

The Board of Directors also declared a quarterly dividend of $0.52
per share on Textron's $2.08 Cumulative Convertible Preferred Stock,
Series A, and $0.35 per share on the company's $1.40 Convertible
Preferred Dividend Stock, Series B.

All dividends will be paid on October 1, 2008, to holders of
record at the close of business on September 12, 2008.

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.

Textron Inc.
Media:
Karen Gordon Quintal, 401-457-2362
or
Investors:
Doug Wilburne, 401-457-2288

Copyright Business Wire 2008