1. March 10, 2014
J.P. Morgan
Aviation, Transportation, &
Industrials Conference
Scott Donnelly
Chairman & CEO

2. 22
Forward-Looking Information
Certain statements in today’s discussion will be 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 speak only as of the date on which they are
made, and we undertake no obligation to update or revise any forward-looking
statements.
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 risks and uncertainties set forth under our full
disclosure located at the end of this presentation and included in our SEC
filings.

3. 33
2013 Revenue $12.1B
Cessna Aircraft
Cessna
23%
Bell Helicopter
Bell
37%
Textron
Leading Branded Businesses
E-Z-GO
Greenlee
Jacobsen
Kautex
Industrial
25%
Textron Financial
Finance
1%
Weapons &
Sensors
Unmanned
Aircraft Systems
Marine & Land
Mission Support
Simulation &
Training
Systems
Textron
Systems
14%

4. 4
Investing for future growth organically
and through acquisitions
Commitment to Future Growth
Scorpion Hybrid ISR/Strike Aircraft
Sherman & Reilly PT7500 Puller
Tensioner
Mechtronix FFS X™ Simulator
Beechcraft King Air 350i

5. 5
Aircraft Sales
33% Aftermarket67%
Sustaining a leadership position through
customer satisfaction, new products and services
Cessna
$2.8 Billion (2013 Revenue)

6. New Citation Sovereign + Citation M2 New Citation X+
Turbo Skylane JT-A Cessna TTx Grand Caravan EX
Six New Products - 2013 and 2014
Investing for Growth

7. • State of the art cockpit
• Garmin G5000
• Largest Citation cabin
• 72” height
• Flat floor
• Clarity cabin connectivity
• Speed – 440 knots
• Outstanding short field performance – 4,000 ft
• Range – 2,500 nautical miles
• Industry’s best cabin value - $16.2M
• Redefines space between XLS+ and Sovereign+
• NetJets purchase agreement – up to 150 units
• Completed first flight and reached maximum performance on
third flight -February 2014
Citation Latitude
Expected EIS 2015

8. 8
Marketing to ID New Customers
• Strategic marketing approach
• Better customer understanding
• “Co-creation” with our customers
• Identify and locate new customers
• Innovative engagement
• Beyond aviation
• Real-time social interaction
• Two-way dialogue

9. 99
Industrial
$3.0 Billion (2013 Revenue)
Greenlee
$446 million
E-Z-GO & Jacobsen
$713 million
Kautex
$1,853 million
Focused on new products, cost productivity
and geographic expansion

10. 1010
Industrial New Products
Jacobsen AR722T
Diesel Turf Mower
New products drive growth and profitability
Cushman Titan XD
Bad Boy Buggies Ambush iS

11. 1111
Tactical
Wheeled
Vehicles Training &
Test
Equipment
Unmanned
Systems
Marine
Air-to-
Ground
Weapons
Aircraft
Engines
Unmanned
Aircraft
Systems
Marine &
Land
Systems
40% 24% 19%
Textron Systems
$1.7Billion (2013 Revenue)
Expand global presence and customer base worldwide
Weapons
& Sensors
Battlespace
Awareness
& Intelligence
Software
Command &
Control
Technologies
18% Mission
Support
Intelligent
Networked
Ground
Systems
Unattended
Ground
Sensors

12. 1212
Expected to approach 50% by 2015
0%
10%
20%
30%
40%
$0
$100
$200
$300
$400
$500
$600
$700
2008 2009 2010 2011 2012 2013
International Revenue % International
International Revenue
$ Millions
International
% of Revenue
Reflecting SFW,
land vehicles and
UAS.
Textron Systems - International Revenues

13. 13
Unmanned Aircraft
Systems
– Shadow® M2
– Shadow
– Aerosonde™
Unmanned Aircraft Systems
Command and Control
Stations
– One System® Ground
Control Station (GCS)
– One System Remote Video
Terminal
– Universal GCS
– iCommand™

14. 14
Marine & Land
Land
• COMMANDO™ Family of
Vehicles
• Survivable Combat Tactical
Vehicle™
Maritime
• Ship-to-Shore Connector
• Landing Craft, Air Cushion
• Motor Life Boat
• Common Unmanned Surface
Vessel (CUSV)
Canadian TAPV
Navy Ship-to-Shore
Connector
CUSV

15. 15
Precision Weapons & Sensors
Area Weapons
• Sensor Fuzed Weapon
• CLean Area Weapon
Area Denial
• Spider
• Scorpion
Sensors
• Unattended Ground Sensors
• MicroObserver®
Battlehawk™
Protection Systems
• Reentry Vehicles
Advanced Weapons
• BattleHawk™ Loitering
Munition
• Guided CLean Area
Weapons
Sensor Fuzed Weapon (SFW)

16. 16
Simulation & Training
Operator and
Aircraft Training
• C-17 maintenance training
• B-1B Aircrew and
Maintenance Training
support
• F-22 Maintenance Trainers
• F-35 Maintenance Trainer
• Shadow Crew Trainer
(SCT)
B-1B Weapon System Trainer
Full Flight Simulators
• Odyssey 9 – Light BizJet
• Odyssey 10 – Air Transport
Control Loading
Proprietary Subsystems
• REALCue™
• eMOTION
• REALFeel®
Integrated Training
Solutions
• 2D Tools
• FPT (3D Tools)
• FTD
• FFT X™U
• FFS X™
Odyssey 10™
CJ1+ Flight Simulator
New business established in 2013 to pursue
attractive growth market

17. 206L4
407
412
17
MilitaryCommercial
V-22 – Osprey
OH-58D – Kiowa
Installed Base: 3,000
~$2.7 Billion; 60%~$1.8 Billion; 40%
Installed Base: 10,300
Executing on Balanced Growth
Bell Helicopter
$4.5 Billion (2013 Revenues)
429
Huey II
AH-1Z - Viper
UH-1Y - Venom

18. Customer Service and Support
18
Spares
Accessories
Completions
Repair & Overhaul
Training Academy
Field Services
Depot Maintenance
Electronic Logbook
Bell is the Industry standard for
support
#1 in Customer Support
• 20 years in a row – ProPilot
• 8 years in a row – AIN
Largest support network
• 116 approved customer service
facilities in over 35 countries
• Well positioned to support our
customers wherever they operate
Supporting installed base of 13,300
Strategically co-locating with Cessna
#1 Ranked Global Customer Support

19. • New “Super Medium” category
• Best‐in‐class payload range capability
• Best‐in‐class cabin and cargo
volumes coupled with flexible cabin
layout options
• Best‐in‐class crew visibility
• First commercial helicopter with
proven fly-by-wire flight controls
• First helicopter with Garmin G5000H
avionics
• Avionics, fly-by-wire and crew
visibility comprise new “ARC
Horizon” Cockpit System resulting in
unparalleled overall situational
awareness increasing safety margins
• First flight planned for 2014
Bell 525 “Relentless”
Speed 155 Knots
Range 500+ NM
MGW 19,300+ Lbs
Useful Load 7,400+ Lbs
Passengers up to 20
525 with ARC Horizon
Cockpit System

20. Bell 505 Jet Ranger X
• Cost-competitive, entry-
level aircraft
• Best‐in‐class awareness
with fully integrated glass
cockpit and superb
exterior visibility
• Flat cabin floor with 5
forward-facing seats
• Safety enhancing design
features to reduce pilot
workload, improve
situational awareness,
and deliver superior auto
rotation capabilities
• First flight planned for
2014
Performance Targets
Speed 125 knots
Range 360 to 420 nm
Useful Load 1,500 lbs
Ceiling 11,000 ft
> 4,400 Bell JetRangers in service today

21. 21
H-1 Program Highlights
• 123 aircraft delivered thru
end of 2013
• 87 UH-1Y
• 36 AH-1Z
• Pursuing FMS opportunities
• 84% logistics commonality
• Exceptional performance in-
theater
• AH-1Z – widest array of
ordnance for any attack
helicopter
Versatile Capable, Rotorcraft
9
18
25 24 25 27 29
0
20
40
2009 2010 2011 2012 2013 2014 2015
H-1 Contract Deliveries

22. 22
V-22 Program Highlights
• Strong performance in-
theater
– Iraq and Afghanistan
– Air Force Special
Operations
• Over 185,000 total flight
hours
• Pursuing FMS opportunities
– Israel plans announced
• MYP II approved
– 99 total aircraft: option
for 23 additional units
» 1 exercised to-date
• Expanding capabilities
20
26
34
39 41
36
21
0
20
40
2009 2010 2011 2012 2013 2014 2015
V-22 Contract Deliveries
Strong Program Execution and
Operational Performance

23. • Third Generation Tiltrotor
• Army’s Joint Multi Role/Future
Vertical Lift (FVL) Technology
Demonstrator (JMR/TD) program
– Awarded Technology Investment
Agreement in October ’13
• First Flight Expected 2017
• Leading Aerospace Companies
Comprise Team
– Lockheed Martin
– General Electric
– Moog
– GKN
– Spirit
– AGC Composites
Bell V-280 Valor
• Speed - 280 KTAS
• Combat Range - 500-800nm
• Non-rotating, fixed engines
• Passengers – 4 crew + 11 troops
Unmatched Speed, Range, Payload, and Value
Mock-up on display at AUSA Conference

24. Finance Segment
24
Supporting purchases of Textron-manufactured products
(1% of 2013 Textron Revenues)
•Finance receivables @ 12/28/13:
Total: $1.5B
Captive: $1.4B
Non-captive: $0.1B
•Capital structure:
6.0 debt-to-equity leverage

25. 25
Summary
• Strong brands, solid top-line growth outlook
• Investing in new product development and
innovation to support growth
• Advance execution and operational
performance
• Focus on cash flow generation and improving
profitability

26. 26
Forward-Looking Information
Certain statements in this presentation and other oral and written statements made by us from time to time are “forward-
looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking
statements, which may describe strategies, goals, outlook or other non-historical matters, or project revenues, income,
returns or other financial measures, often include words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,”
“guidance,” “project,” “target,” “potential,” “will,” “should,” “could,” “likely” or “may” and similar expressions intended to
identify forward-looking statements. These statements are only predictions and involve known and unknown risks,
uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such
forward-looking statements. Given these uncertainties, you should not place undue reliance on these forward-looking
statements. Forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to
update or revise any forward-looking statements. In addition to those factors described under “Risk Factors” in our Annual
Report on Form 10-K, among the factors that could cause actual results to differ materially from past and projected future
results are the following: interruptions in the U.S. Government’s ability to fund its activities and/or pay its
obligations; changing priorities or reductions in the U.S. Government defense budget, including those related to military
operations in foreign countries; our ability to perform as anticipated and to control costs under contracts with the U.S.
Government; the U.S. Government’s ability to unilaterally modify or terminate its contracts with us for the U.S. Government’s
convenience or for our failure to perform, to change applicable procurement and accounting policies, or, under certain
circumstances, to withhold payment or suspend or debar us as a contractor eligible to receive future contract awards; changes
in foreign military funding priorities or budget constraints and determinations, or changes in government regulations or
policies on the export and import of military and commercial products; volatility in the global economy or changes in
worldwide political conditions that adversely impact demand for our products; volatility in interest rates or foreign exchange
rates; risks related to our international business, including establishing and maintaining facilities in locations around the world
and relying on joint venture partners, subcontractors, suppliers, representatives, consultants and other business partners in
connection with international business, including in emerging market countries; our Finance segment’s ability to maintain
portfolio credit quality or to realize full value of receivables; performance issues with key suppliers or subcontractors;
legislative or regulatory actions, both domestic and foreign, impacting our operations or demand for our products; our ability
to control costs and successfully implement various cost-reduction activities; the efficacy of research and development
investments to develop new products or unanticipated expenses in connection with the launching of significant new products
or programs; the timing of our new product launches or certifications of our new aircraft products; our ability to keep pace
with our competitors in the introduction of new products and upgrades with features and technologies desired by our
customers; increases in pension expenses or employee and retiree medical benefits; and continued demand softness or
volatility in the markets in which we do business; the inability to complete announced acquisitions; Difficulty or unanticipated
expenses in connection with integrating acquired businesses; the risk that anticipated synergies and opportunities as a result
of acquisitions will not be realized or the risk that acquisitions do not perform as planned, including, for example, the risk that
acquired businesses will not achieve revenue projections.