Textron's Kenneth Bohlen Addresses Innovation, Emerging Technology, and New Product Development at Frost & Sullivan Forum

Business Wire, June 27, 2006

PROVIDENCE, R.I. -- Textron Inc.'s (NYSE: TXT) Kenneth C. Bohlen, executive vice president and chief innovation officer, spoke last week at Frost & Sullivan's 2nd Annual Emerging Technologies, New Product Development and Marketing Innovations Executive MindXchange in San Diego, CA. The conference was attended by more than 150 executives and managers from a broad range of markets. Bohlen shared thoughts on innovation and how it should permeate all areas of a company's business, across operations and industries.

"Innovation is a key component in Textron's approach to business and in satisfying customer needs," said Bohlen. "Across the Textron enterprise, we are committed to delivering innovative technology benefits to the customer - even benefits that may not be expected. The V-22 Osprey is a prime example of marrying two technologies to deliver the customer additional benefits."

Bohlen also addressed innovation and strategy topics, including:

--Managing opportunities and challenges presented by emerging technology;

--Committing to a strategy in the face of technological uncertainty;

--Partnering with third parties to advance research & development; and

--Improving the capabilities to develop breakthrough product concepts.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit www.frost.com.

Textron Inc. is a $10 billion multi-industry company operating in 33 countries with approximately 37,000 employees in continuing operations. 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, Jacobsen, Kautex, Lycoming, E-Z-GO and Greenlee, among others. More information is available at www.textron.com.