TEXTRON NAMES DOUGLAS A. FAHLBECK VICE PRESIDENT, MERGERS AND ACQUISITIONS.

PROVIDENCE, R.I.--(BUSINESS WIRE)--July 19, 1995--Textron Inc. announced today that Douglas A. Fahlbeck has been named Vice President, Mergers and Acquisitions, effective August 1, 1995. Mr. Fahlbeck, who will report to Executive Vice President and Chief Financial Officer Stephen L. Key, will be

Mr. Fahlbeck was most recently Executive Vice President, Chief Financial Officer, and a Director of Textron Financial Corporation (TFC), Textron's commercial finance division. He joined TFC in 1982 as Vice President, Finance and Administration, was promoted to Senior Vice President and Chief Financial Officer in 1985, and was named an Executive Vice President in 1994. Mr. Fahlbeck was elected to the Board of Directors of TFC earlier this year.

"Acquisitions are key to Textron's future growth. In Doug Fahlbeck, we are appointing from within the Textron family an executive with both the demonstrated strategic orientation and proven financial skills to manage our mergers and acquisitions effort," said James F. Hardymon, Textron's chairman and chief executive officer.

Fahlbeck holds a Bachelor of Science degree in Business Administration from Boston University and also completed the Executive Development Program at the University of Michigan in 1994.

Textron Inc. (NYSE:TXT) is a $9.7 billion international multi-industry company with market-leading operations in six business segments -- Aircraft, Automotive, Industrial, Systems and Components, Finance and Paul Revere.

CONTACT: Textron Inc.

Susan M. Gillette

(401) 457-2354