Providence, Rhode Island - February 14, 2003 - Textron Inc. (NYSE:TXT) business units Bell Helicopter, Edwards & Associates, HR Textron and Lycoming announced several key products and sales at this week's Heli-Expo in Dallas, Texas. This annual Helicopter Association International event is one of the industry's largest shows of the year. Bell Helicopter, headquartered in nearby Fort Worth, was Textron's flagship company at the show and used the occasion to announce major sales and contracts, unveil its ninth consecutive award as the number one service provider in the helicopter industry and introduce a new image campaign. Textron highlights from the show include:

Bell Helicopter - supplier of commercial and military helicopters and the pioneer of the revolutionary tiltrotor aircraft.

- Further validating the versatility of its tiltrotor technology, the Bell Eagle Eye unmanned tiltrotor aerial vehicle was selected for the first phase of the Unmanned Aerial Vehicle (UAV) portion of the U.S. Coast Guard's Integrated Deepwater System contract. Deepwater is a critical multi-year program to modernize and replace aging ships and aircraft, and improve command and control and logistics systems. The Eagle Eye will contribute to the Coast Guard's ability to perform homeland defense, search and rescue and other missions.

Bell expects to receive funding over the next three years for the design and development of three Bell Eagle Eyes. Under proposed funding plans, the program calls for ultimate delivery of 69 aircraft and 50 ground control stations with an expected total program value of at least $1 billion. The Bell Eagle Eye was on display at the show.

- Bell sold 14 aircraft with options for five more during the show.

- "Fly Smart. Fly Bell" was introduced as the theme of a new Bell Helicopter image and advertising campaign. The campaign focuses on the value, quality, reliability, support and training helicopter owners and operators have come to expect from Bell.

- For the ninth consecutive year, Bell was ranked number one in Pro Pilot magazine's annual survey of Turbine Helicopter Product Support. The ranking appears in the February issue of the magazine and was first announced at Heli-Expo.

- Bell/Agusta Aerospace Company, a joint venture, held a flight demonstration of its new AB 139 medium twin engine helicopter which is expected to be certified mid-year. The AB 139, which can seat up to 15, will set a new benchmark in its category for agility, power and low noise levels.

- Bell and the Kelley Racing IndyCar team signed a sponsorship agreement at the show. Kelley Racing is a recognized leader in the IndyCar racing world. The new Kelley Racing Team Bell 430 helicopter was on display at the show.

Edwards & Associates/Aeronautical Accessories - provider of parts, service, customization and completion services for the helicopter market.

- Edwards and Aeronautical unveiled more than 30 new products at the show including: Carbide Technology Skid Shoes which use a patented process to rework standard skid shoes into long lasting, extremely durable, carbide coated skid shoes, reducing wear and operating costs; Helicopter Emergency Egress Lighting (HEEL), an independent battery operated lighting system which clearly illuminates crew and/or passenger emergency exits whenever water immersion is detected or when the aircraft experiences an excessive force (8g);and an exclusive aftermarket distribution agreement for Helicopter Flotation Systems and related spare parts currently manufactured by Apical Industries. Edwards also announced at the show that it is now marketing a basic two-axis autopilot system for the Bell 407.

HR Textron - maker of motion control systems and components for commercial and military aircraft, helicopter, missile, spacecraft, marine craft and ground vehicles.

- HR Textron displayed its line up of actuators which control both main and tail rotors on a variety of Bell and other helicopters. In addition, HR Textron provides the actuator for the Bell Agusta 609, the world's first commercial tiltrotor aircraft. This actuator allows the aircraft's rotors to tilt from an upright position, which allows it to take of and land like a helicopter, to the forward position allowing it to fly like an airplane.

Lycoming -- maker of reciprocating piston engines for the global general aviation market.

- Lycoming showed its long-time support of the helicopter industry as the sole provider of FAA-certified piston-powered helicopter engines. Lycoming powers the world's most popular light, piston engine helicopters - the Robinson R-22 and R-44, the Schweizer 300C and Enstrom F28.

Textron Inc. (NYSE: TXT) is an $11 billion multi-industry company with 49,000 employees in 40 countries. The company leverages its global network of businesses to provide customers with innovative solutions and services in industries such as aircraft, fastening systems, industrial products and components and finance. 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.

Forward-looking Information: Certain statements in this release and other oral and written statements made by Textron from time to time are forward-looking statements, including those that discuss strategies, goals, outlook or other non-historical matters; or project revenues, income, returns or other financial measures. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contained in the statements, including the following: (a) the extent to which Textron is able to achieve savings from its restructuring plans, (b) uncertainty in estimating the amount and timing of restructuring charges and related costs (c) changes in worldwide economic and political conditions that impact interest and foreign exchange rates, (d) the occurrence of work stoppages and strikes at key facilities of Textron or Textron's customers or suppliers, (e) government funding and program approvals affecting products being developed or sold under government programs, (f) cost and delivery performance under various program and development contracts, (g) the adequacy of cost estimates for various customer care programs including servicing warranties, (h) successful implementation of various cost reduction programs, (i) the timing of certifications of new aircraft products, (j) the occurrence of further downturns in customer markets to which Textron products are sold or supplied, (k) Textron's ability to offset, through cost reductions, raw material price increases and pricing pressure brought by original equipment manufacturer customers, (l) the availability and cost of insurance, (m) pension plan income falling below current forecasts, (n) Textron Financial's ability to maintain credit quality and control costs; and (o) uncertainty in estimating contingent liabilities and establishing reserves tailored to address such contingencies.