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<ul><li> 1. May 20, 2014 Electrical Products Group Conference 2014 Scott Donnelly Chairman &amp; CEO </li> <li> 2. 22 Forward-Looking Information Certain statements in todays 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. </li> <li> 3. 33 2013 Revenue $12.1B Cessna Aircraft Beechcraft Hawker Textron Aviation 23% Bell Helicopter Bell 37% Textron Leading Branded Businesses E-Z-GO Greenlee Jacobsen Kautex Industrial 25% Textron Financial Finance 1% Weapons &amp; Sensors Unmanned Aircraft Systems Marine &amp; Land Mission Support TRU Simulation + Training Textron Systems 14% </li> <li> 4. 4 Investing for future growth organically and through acquisitions Commitment to Future Growth Scorpion Hybrid ISR/Strike Aircraft Sherman &amp; Reilly PT7500 Puller Tensioner Mechtronix FFS X Simulator Beechcraft King Air 350i </li> <li> 5. 5 Aircraft Sales 33% Aftermarket67% Broader selection of products, larger service footprint Textron Aviation Cessna $2.8 Billion (2013 Revenue) Aircraft Sales 33% Aftermarket 53% Beechcraft ~$1.8 Billion (2013 Revenue) 31%Defense16% </li> <li> 6. 6 33% Textron Aviation Jets Mustang M2 CJ2+/CJ3/CJ4 XLS+ Sovereign+ Citation X+ Turboprop King Air 350i King Air 250 King Air C90 Caravan Grand Caravan EX T-6/AT-6 Broad product offering with large installed base Piston 172S Skyhawk SP J182 Turbo Skylane JT-A Cessna TTx T206H Turbo Stationair Baron Bonanza Installed Base Over 9,000 Installed Base Over 9,000 Installed Base Over 180,000 </li> <li> 7. Citation Sovereign + Citation M2 Citation X+ Turbo Skylane JT-A Cessna TTx Grand Caravan EX Six New Products - 2013 and 2014 Investing for Growth </li> <li> 8. 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 Industrys 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 </li> <li> 9. 99 Industrial $3.0 Billion (2013 Revenue) Greenlee $446 million E-Z-GO &amp; Jacobsen $713 million Kautex $1,853 million Focused on new products, cost productivity and geographic expansion </li> <li> 10. 1010 TUG Technologies Corporation Significant cost and sales synergy opportunities Acquired 5/2/14 Part of E-Z-GO business unit Products Cargo &amp; tow tractors Belt loaders Pushback vehicles Air-starts Ground power units Mobile heating and air- conditioning units </li> <li> 11. 1111 Industrial New Products Jacobsen AR722T Diesel Turf Mower New products drive growth and profitability Cushman Titan XD Bad Boy Buggies Ambush iS </li> <li> 12. 1212 Tactical Wheeled Vehicles Training &amp; Test Equipment Unmanned Systems Marine Air-to- Ground Weapons Aircraft Engines Unmanned Aircraft Systems Marine &amp; Land Systems 40% 24% 19% Textron Systems $1.7 Billion (2013 Revenue) Expand global presence and customer base worldwide Weapons &amp; Sensors Battlespace Awareness &amp; Intelligence Software Command &amp; Control Technologies 18% Mission Support Intelligent Networked Ground Systems Unattended Ground Sensors </li> <li> 13. 1313 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 </li> <li> 14. 14 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 </li> <li> 15. 15 Marine &amp; 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 </li> <li> 16. 16 Precision Weapons &amp; 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) </li> <li> 17. 17 TRU 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 XU FFS X Odyssey 10 CJ1+ Flight Simulator New business established in 2013 to pursue attractive growth market </li> <li> 18. 206L4 407 412 18 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 </li> <li> 19. Customer Service and Support 19 Spares Accessories Completions Repair &amp; 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 </li> <li> 20. New Super Medium category Bestinclass payload range capability Bestinclass cabin and cargo volumes coupled with flexible cabin layout options Bestinclass 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 </li> <li> 21. Bell 505 Jet Ranger X Cost-competitive, entry- level aircraft Bestinclass 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 &gt; 4,400 Bell JetRangers in service today </li> <li> 22. 22 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 </li> <li> 23. 23 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 </li> <li> 24. Third Generation Tiltrotor Armys 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 - Meggitt General Electric - Eaton Moog - Astronics GKN - Lord 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 </li> <li> 25. Finance Segment 25 Supporting purchases of Textron-manufactured products (1% of 2013 Textron Revenues) 1Q14 Finance receivables: $1.4B Shareholders Equity: $212M </li> <li> 26. 26 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 </li> <li> 27. 27 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. Governments 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. Governments ability to unilaterally modify or terminate its contracts with us for the U.S. Governments 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 c...</li></ul>