Textron 2023 Fact Book

demonstrate Textron eAviation’s commitment to developing technologies and products in support of sustainable flight solutions for unmanned cargo, next generation electric aircraft, passenger eVTOL, and general aviation. Textron 2023 Fact Book 3 KEY EXECUTIVES TEXTRON AVIATION Textron Aviation is home to the Beechcraft® and Cessna® aircraft brands and is a leader in general aviation through two principal product lines: aircraft and aftermarket parts and services. Aircraft includes sales of business jets, turboprop and piston aircraft, as well as military trainer and defense aircraft. Aftermarket parts and services includes commercial parts sales and maintenance, inspection and repair service for an installed base of approximately 220,000 aircraft. (Dollars in millions) Textron Aviation Units delivered: Business jets King Airs Caravans SkyCourier Piston engine Backlog Revenues Segment profit(1) Segment profit margin Total assets Capital expenditures Depreciation and amortization 2021 167 71 54 — 254 $4,120 $4,566 $ 349 7.6% $4,390 $ 115 $ 139 2022 178 69 71 6 244 $6,387 $5,073 $ 560 11.0% $4,496 $ 138 $ 152 2023 168 56 79 18 297 $7,169 $5,373 $ 649 12.1% $4,542 $ 138 $ 160 KEY DATA 2021 $3,116 1,450 $4,566 2023 $3,577 1,796 $5,373 2022 $3,387 1,686 $5,073 (In millions) Aircraft Aftermarket Parts and Services Total revenues REVENUE DETAILS 39%Textron Aviation’s share of Textron 2023 revenues 2023 REVENUES BY REGION 2023 REVENUES BY REGION 2023 REVENUES BY CUSTOMER 2023 SALES BREAKDOWN BY MILITARY BRANCH U.S. 72% Europe 8% Other 20% 2023 REVENUES BY CUSTOMER Commercial 96% U.S. Government 4% 2023 REVENUES BY PRODUCT LINE Aircraft 67% Aftermarket 33% 4 Textron 2023 Fact Book 1 Segment profit is a non-GAAP measure as defined on page 17. See page 14 for reconciliation to GAAP. MAJOR PRODUCTS Maximum Std/Max Seating Maximum Range (nm) 2024 First Capacity Cruising (IFR w/NBAA MSRP Engine Delivery (including pilots) Speed (kts) reserves) (in millions) Manufacturer Model Avionics Cessna Citation Jets M2 Gen2 2022 8 404 1,550 $ 6.150 Williams International FJ44-1AP-21 Garmin G3000 CJ3+ 2014 10 416 2,040 $ 10.415 Williams International FJ44-3A Garmin G3000 CJ4 Gen2 2021 10/11 451 2,165 $ 11.855 Williams International FJ44-4A Collins Pro Line 21 XLS Gen2 2022 11/14 441 2,100 $ 16.110 Pratt & Whitney Canada PW545C Collins Pro Line 21 Latitude 2015 11/11 446 2,700 $ 19.995 Pratt & Whitney Canada PW306D1 Garmin G5000 Longitude 2019 10/14 483 3,500 $ 29.995 Honeywell HTF7700L Garmin G5000 Turboprops Cessna Caravan 1985 9/14 186 1,070(3) $ 2.400 Pratt & Whitney Canada PT6A-114A Garmin G1000 NXi Cessna Grand Caravan EX(1) 2012 11/14 185 912(3) $ 2.685 Pratt & Whitney Canada PT6A-140 Garmin G1000 NXi Beechcraft King Air 260 2021 9/11 310 1,720 $ 7.780 Pratt & Whitney Canada PT6A-52 Collins Pro Line Fusion Beechcraft King Air 360 2020 11/13 312 1,806 $ 9.255 Pratt & Whitney Canada PT6A-60A Collins Pro Line Fusion Beechcraft King Air 360ER(2) 2021 11/13 303 2,539 $ 9.760 Pratt & Whitney Canada PT6A-60A Collins Pro Line Fusion Cessna SkyCourier Freighter(4) 2022 2/2 210 940 $ 7.962 Pratt & Whitney Canada PT6A-65SC Garmin G1000 NXi Cessna SkyCourier Passenger(4) 2023 21/21 210 920 $ 8.614 Pratt & Whitney Canada PT6A-65SC Garmin G1000 NXi New Product Development Beechcraft Denali TBD 8/11 285 1,600 $ 6.950 GE Aerospace Catalyst Garmin G3000 Cessna Citation CJ3 Gen2 2025 10 416 2,040 $ 10.990(5) Williams International FJ44-3A Garmin G3000 Cessna Citation Ascend 2025 11/14 441 2,100 $ 16.725(5) Pratt & Whitney Canada PW545D Garmin G3000 Pistons Cessna 172S Skyhawk 1998 4 124 640(3) $ 0.499 Textron Lycoming IO-360-L2A Garmin G1000 NXi Cessna Skylane 182T 2001 4 145 915(3) $ 0.660 Textron Lycoming TIO-540-AB1A5 Garmin G1000 NXi Cessna Turbo Skylane T182T 2001 4 165 971(3) $ 0.760 Textron Lycoming TIO-540-AK1A Garmin G1000 NXi Cessna Turbo Stationair T206HD 1998 6 161 703(3) $ 0.915 Textron Lycoming TIO-540-AJ1A Garmin G1000 NXi Beechcraft Bonanza G36 2005 6 176 920(3) $ 1.200 Continental Motors IO-550-B Garmin G1000 NXi Beechcraft Baron G58 2005 6 202 1,480(3) $ 1.840 Continental Motors IO-550-C Garmin G1000 NXi Military Beechcraft T-6 1998 2 316 994 N/A(6) Pratt & Whitney Canada PT6A-68 Esterline CMC 3000 Beechcraft AT-6 2020 2 316 1,725 N/A(6) Pratt & Whitney Canada PT6A-68D Esterline CMC 3000 Citation Product Line Competition CIRRUS VISION JET PHENOM 100EV CITATION M2 GEN 2 HONDAJET ELITE CITATION CJ3+ PHENOM 300E CITATION CJ4 GEN 2 PILATUS PC 24 CITATION XLS GEN 2 PRAETOR 500 CITATION LATITUDE PRAETOR 600 GULFSTREAM G280 CHALLENGER 3500 FALCON 2000S CITATION LONGITUDE CHALLENGER 650 FALCON 2000LXS $3.250 $4.995 $6.150 $6.950 $10.415 $10.995 $11.855 $12.225 $16. 1 1 0 $18.995 $19.775 $21.995 $24.500 $27.200 $29.000 $29.995 $33.000 $36.000 2023 BUSINESS JET PRICE POINTS (Dollars in millions) PRE-OWNED CITATIONS FOR SALE (As a percent of fleet) 90 95 00 05 10 15 20 23 20% 15% 10% 5% 0% Average ~11% AFTERMARKET PARTS AND SERVICES SALES (Dollars in millions) 1,686 1,796 666 721 587 727 793 916 1,386 1,418 1,574 1,536 1,595 1,260 1,450 1,509 667 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 2023 Source: B&CA 2023 Purchase Planning Handbook edition 2023 Source: Textron Aviation Data 1 Grand Caravan EX with Cargo Pod 2 Slick configuration 3 45 minute fuel reserve 4 Aligns with B&CA and includes engine fire extinquishing (freighter only), weather radar, and FIKI 5 Pricing based on 2025 MSRP 6 Contact Textron Aviation Defense for aircraft and support package pricing Textron 2023 Fact Book 5 BELL AVIATION Bell is a leading supplier of helicopters, tiltrotor aircraft and related spare parts and services. Bell supplies military helicopters and tiltrotors to the U.S. Government and non-U.S. military customers and supplies commercially certified helicopters to corporate, private, law enforcement, utility, public safety, emergency medical and other helicopter operators. Bell provides support and service for an installed base of approximately 13,000 helicopters. (Dollars in millions) Bell Commercial Units Delivered Backlog Revenues Segment profit(1) Segment profit margin Total assets Capital expenditures Depreciation and amortization 2021 156 $3,871 $3,364 $ 399 11.9% $3,382 $ 92 $ 87 2022 179 $4,781 $3,091 $ 282 9.1% $2,857 $ 80 $ 90 2023 171 $4,780 $3,147 $ 320 10.2% $2,869 $ 119 $ 89 KEY DATA 2021 $2,073 1,291 $3,364 2023 $1,701 1,446 $3,147 2022 $1,740 1,351 $3,091 (In millions) Military aircraft and support programs Commercial helicopter, parts and services Total revenues REVENUE DETAILS 23%Bell’s share of Textron 2023 revenues 2023 REVENUES BY REGION 2023 REVENUES BY REGION 2023 REVENUES BY CUSTOMER 2023 SALES BREAKDOWN BY MILITARY BRANCH U.S. 72% Europe 8% Other 20% 2023 REVENUES BY CUSTOMER Commercial 96% U.S. Government 4% 2023 REVENUES BY PRODUCT LINE Aircraft 67% Aftermarket 33% U.S. 71% Europe 5% Other 24% Navy 55% Marines, Air Force and Other 26% Army 19% Military 55% Commercial 45% 2023 REVENUES BY REGION 2023 SALES BREAKDOWN BY CUSTOMER 6 Textron 2023 Fact Book 1 Segment profit is a non-GAAP measure as defined on page 17. See page 14 for reconciliation to GAAP. Cruising Speed (kts) 125 133 150 123 160 158 160 266 TBD Maximum Range (nm) 306 337 411 361 560 350 380 1,100 TBD MAJOR PRODUCTS Light 505 Jet Ranger X 407 GXi 429/429WLG Medium 412 EPX New Commercial Helicopter Development 525 Relentless Military UH-1Y AH-1Z Tiltrotor V-22 V-280 Valor Description Light single-engine, five-seat helicopter with fully integrated glass cockpit Light single-engine helicopter with fully integrated glass cockpit Light twin-engine helicopter, best-in-class cabin volume Next evolution of Bell 412 family with upgrades to transmission, engine control and avionics system Twin-engine with fly-by-wire flight controls State-of-the-art fully integrated utility and combat support helicopter State-of-the-art fully integrated weapons system attack helicopter Military tiltrotor aircraft, being produced with a third-party company U.S. Army Future Long Range Assault Aircraft (FLRAA) First Delivery 2017 2018 2009 2020 TBD 2006 2006 1999 TBD Seating Capacity (including pilots) 5 7 8 15 20 12 2 27 TBD Useful Load (lbs) 1,500 2,300 2,535 5,385 8,200 6,675 6,580 25,500 TBD 2023 COMMERCIAL PRODUCT PRICE POINTS (Dollars in millions) 2023 Source: Helivalues, & Bell Data Textron 2023 Fact Book 7 MILITARY PROGRAM AWARDS AND DOWNSELECTS Bell was awarded the U.S. Army Future Long-Range Assault Aircraft contract in December 2022 and ramped up activity on the program during 2023. Bell has added engineering resources, contracted with key suppliers, ordered long-lead materials and broke ground on a new FLRAA Drive Systems Test Lab to develop a weapon system that can meet the U.S. Army’s mission requirements. Bell was selected to compete for the Defense Advanced Research Projects Agency (DARPA) Speed and Runway Independent Technologies (SPRINT) X-Plane program, developing an experimental aircraft with the speed and runway independence for the next generation of air mobility platforms. With Bell’s history of producing X-planes such as the Bell X-1 and XV-15 and its investments in High-Speed Vertical Take-off and Landing (HSVTOL) technology and research, Bell will continue to push the boundaries of vertical lift aircraft performance. Bell delivered four H-1s to the Czech Armed Forces in country during NATO Days 2023 and completed the AH-1Z program of record to Bahrain. The company also gained initial contract authorization for four additional CMV-22s. GROWING COMMERCIAL DEMAND Bell saw robust order demand across its commercial portfolio with multiple contracts that build on its relationships with public safety organizations and air ambulance organizations. Bell expanded its global presence with the first Bell 407GXi purchase agreements into Taiwan and Turkey and purchase agreements for six 407GXi helicopters to the Argentina Air Force and Army and six into Poland, including four to the Polish National Police. The Bell 505 continued to gain traction globally as a premier military trainer with deliveries into Korea and Jordan. There are seven government agencies worldwide that use the Bell 505 as its helicopter trainer—providing the next generation of pilots with an advanced helicopter training platform. In December, the Bell 505 also achieved a milestone with the 505th delivery of the helicopter. Bell is positioned well for the launch of the 525. The 525 program made significant progress during the year with the Federal Aviation Administration as it closes in on commecial certification. Twin Engines Single Engine Bell Competition ROBINSON R66 $1.0 505 JET RANGER X $1.6 ENSTROM 480 $1.7 MD 530F $3.1 H125 $3.2 H130 $3.6 407GXI $3.7 A119KX $5.0 H135 $6.6 429 $7.2 AW109 GRAND NEW $7.5 H145 $9.2 AW169 $10.5 412 EPX $12.4 AW139 $13.8 S†76D $15.0 AW189 $18.8 H175 $19.1 525 RELENTLESS H225 $27.3 S†92 $28.3 Kautex is a Top 100 global automotive supplier. The company is a leading developer and manufacturer of blow-molded plastic fuel systems and advanced fuel systems, including pressurized fuel tanks for hybrid applications for cars, light trucks, and all-terrain vehicles, and lightweight, composite Pentatonic battery systems for use in electric vehicles, from hybrid to full battery-powered. Specialized Vehicles products are sold under the E-Z-GO, Arctic Cat, TUG Technologies, Douglas Equipment, Premier, Safeaero, Ransomes, Jacobsen and Cushman brands. These businesses have a diversified customer base that includes golf courses and resorts, government agencies and municipalities, consumers, outdoor enthusiasts, and commercial and industrial users such as factories, warehouses, airports, planned communities, hunting preserves, educational and corporate campuses, sporting venues, and landscaping professionals. INDUSTRIAL AVIATION Our Industrial segment designs and manufactures a variety of products within the Kautex and Specialized Vehicles product lines. Kautex is a leader in designing and manufacturing plastic fuel systems for automobiles and light trucks, along with other automotive systems and components. Specialized Vehicles includes golf cars; off-road utility vehicles; powersports products; light transportation vehicles; aviation ground support equipment; professional turf-maintenance equipment; and specialized turf-care vehicles, designed and manufactured by the Textron Specialized Vehicles business. 28%Industrial’s share of Textron 2023 revenues 2023 REVENUES BY REGION 2023 REVENUES BY REGION 2023 REVENUES BY CUSTOMER U.S. 72% Europe 8% Other 20% 2023 REVENUES BY PRODUCT LIN U.S. 71% Europe 5% Other 24% 2023 REVENUES BY REGION 2023 SALES BREA BY CUSTOMER U.S. 89% Europe 5% Other 6% 2023 REVENUES BY REGION 2023 REVENUES BY REGION U.S. 54% Europe 20% Other 26% 8 Textron 2023 Fact Book (Dollars in millions) Industrial Revenues Segment profit(1) Segment profit margin Total assets Capital expenditures Depreciation and amortization 2021 $3,130 $ 120 3.8% $2,529 $ 82 $ 99 2022 $3,465 $ 155 4.5% $2,555 $ 78 $ 93 2023 $3,841 $ 228 5.9% $2,520 $ 91 $ 89 KEY DATA 2021 $1,735 1,395 $3,130 2023 $1,954 1,887 $3,841 2022 $1,771 1,694 $3,465 (In millions) Fuel Systems and Functional Components Specialized Vehicles Total REVENUE DETAILS 1 Segment profit is a non-GAAP measure as defined on page 17. See page 14 for reconciliation to GAAP. Textron 2023 Fact Book 9 MAJOR PRODUCTS Textron Specialized Vehicles Consumer Commercial Golf Ground Support Equipment Turf Snow Kautex Lightweight, all-plastic hybrid fuel tank Next Generation Fuel Systems (NGFS®) Conventional, co-extrusion fuel systems Selective Catalytic Reduction (SCR) Systems Windscreen, headlamp and camera cleaning systems/ solutions Allegro ADAS sensor cleaning systems/ solutions Pentatonic Battery Systems A wide range of powersports vehicles, including side-by-sides and ATVs under the Arctic Cat and Tracker Off Road brands, and personal transportation vehicles (PTVs) and low- speed vehicles (LSVs) under the E-Z-GO brand. PTVs are modified E-Z-GO golf cars used primarily in planned communities and neighborhoods. Commercial utility vehicles used across industries including agriculture, construction, maintenance, manufacturing, and distribution facilities. Models range from commercial electric, gas, and diesel-powered side-by-sides to electrically powered industrial burden carriers and tuggers for indoor use. Vehicles are sold under the Cushman brand. Golf car fleets, utility, and hospitality vehicles at golf courses and resorts worldwide. Golf cars are sold under the E-Z-GO brand and the utility and hospitality vehicles are sold under the Cushman brand. Ground support equipment for airlines, cargo carriers, and airports worldwide. Product lines include towbarless and conventional aircraft pushbacks, deicing equipment, belt loaders, cargo and baggage tractors, and air-starts. Equipment is sold under the TUG Technologies, Douglas Equipment, Premier, and Safeaero brands and under the Textron Ground Support Equipment brand. Professional mowing and turf care equipment for groundskeepers and municipal and institutional turf managers sold under the Jacobsen and Ransomes brands. A variety of snowmobiles including trail, crossover, mountain, utility, touring, and youth sleds. All sleds are sold under the Arctic Cat brand. First to market in 2015, the all-plastic, lightweight pressurized fuel tank is suitable for hybrid applications. The tank is created using Kautex’s NGFS® twin sheet technology, adding patented stiffening elements to withstand the pressure/vacuum requirements needed for hybrid applications and eliminating the need for steel support. NGFS® technology, also known as “twin sheet” technology, helps reduce emissions and weight while potentially increasing volume depending on tank design. NGFS® is produced by lowering two sheets of multi-layered parison through the extrusion head of the blow molding machine. The “twin sheet” design allows easy access for components to be integrated directly into the plastic shell, thus eliminating the need for cutting and welding and reducing emissions. A multi-layer extrusion process that includes a series of virgin layers of High Density Polyethylene Extrusion, regrind, and ethylene vinyl alcohol—the “barrier” layer that reduces the emission of hydrocarbons into the atmosphere. The Kautex SCR system helps eliminate nitrogen oxide (NOx) emissions from diesel fuel systems. The SCR system injects AdBlue®/DEF (Diesel Exhaust Fluid: urea/water solution) into the exhaust system, reducing the harmful NOx emission to water and nitrogen. SCR systems can reduce NOx by approximately 85% (98% less than EU 4/5) and reduce fuel consumption by 8%. Dirt from muddy roads, dust, frost, snow, and pollution can all affect the performance of the vehicle’s windshield, headlights or camera system(s). To help safeguard the full functionality of these components, Kautex Clear Vision Systems (CVS) has created solutions including washer fill & storage, washer fluid management and nozzles for headlights, windshields, camera and ADAS sensors. Autonomous driving vehicles require the usage of various cameras and sensors. These sensors need to be clean to ensure proper functionality of the related Advanced Driver Assistance Systems (ADAS). Enclosures, underbody protection and thermal management systems, for use in electric vehicles, from hybrid to full battery-powered. TEXTRON SYSTEMS Textron Systems’ businesses develop, manufacture and integrate products and services for U.S. and non-U.S. military, government and commercial customers to support defense, homeland security, aerospace and other missions. Product and service offerings include electronic systems and solutions, advanced marine craft, piston aircraft engines, live military air-to-air and air-to-ship training, weapons and related components, unmanned aircraft systems, and both manned and unmanned armored and specialty vehicles. (Dollars in millions) Textron Systems Revenues Segment profit(1) Segment profit margin Backlog Total assets Capital expenditures Depreciation and amortization 2021 $1,273 $ 178 14.0% $2,144 $1,980 $ 80 $ 45 2022 $1,172 $ 132 11.3% $2,098 $1,989 $ 57 $ 49 2023 $1,235 $ 147 11.9% $1,950 $2,008 $ 48 $ 41 KEY DATA 9%Textron Systems’ share of Textron 2023 revenues 2023 REVENUES BY CUSTOMER 2023 SALES BREAKDOWN BY MILITARY BRANCH . 72% rope 8% her 20% 2023 REVENUES BY CUSTOMER Commercial 96% U.S. Government 4% 2023 REVENUES BY PRODUCT LINE Aircraft 67% Aftermarket 33% . 71% rope 5% her 24% Navy 55% Marines, Air Force and Other 26% Army 19% Military 55% Commercial 45% 2023 SALES BREAKDOWN BY CUSTOMER . 89% rope 5% her 6% U.S. Government 77% Commercial 23% 2023 REVENUES BY REGION 2023 REVENUES BY REGION 2023 REVENUES BY CUSTOMER 2023 SALES BREAKDOWN BY MILITARY BRANCH U.S. 72% Europe 8% Other 20% 2023 REVENUES BY CUSTOMER Commercial 96% U.S. Government 4% 2023 REVENUES BY PRODUCT LINE Aircraft 67% Aftermarket 33% U.S. 71% Europe 5% Other 24% Navy 55% Marines, Air Force and Other 26% Army 19% Military 55% Commercial 45% 2023 REVENUES BY REGION 2023 SALES BREAKDOWN BY CUSTOMER U.S. 89% Europe 5% Other 6% U.S. Government 77% Commercial 23% 2023 REVENUES BY REGION U.S. 53% Europe 34% Other 13% 2023 REVENUES BY REGION U.S. 54% Europe 20% Other 26% 10 Textron 2023 Fact Book 1 Segment profit is a non-GAAP measure as defined on page 17. See page 14 for reconciliation to GAAP. Air Systems Control Stations and Remote Products Sustainment Services and Field Support Marine Craft/ Uncrewed Surface Systems and Payload Integration Land Vehicles Howe & Howe Weapon Systems Airborne Tactical Advantage Company (ATAC) Lycoming Engines Electronic Systems Textron Systems’ multi-mission-capable uncrewed aircraft systems (UAS) are utilized worldwide. The business’s platforms include the vertical-takeoff- and- landing Aerosonde® HQ, and the Aerosonde Small UAS, with its over 650,000 flight hours of service on land and in the maritime environment. Textron Systems also manufactures variations of command-and-control systems and collaboration technologies to enable Manned Unmanned Teaming (MUMT) to include the Universal Ground Control Station (UGCS), the U.S. Army program of record One System® Remote Video Terminal (OSRVT™), and the new Soldier Portable OSRVT (SPOT). The business also provides sustainment efforts for UAS and marine and land vehicles. Crewed and uncrewed service offerings include: curriculum development, technical publications and training, maintenance and operation services. End-to-end logistics support offerings include spares, repairs, provisioning and performance-based logistics. Our Field Service Representatives provide reliability, maintainability, availability, repair and supportability analysis. Textron Systems provides full life cycle support for our products from development through manufacture and after sale support. Textron Systems also provides a robust Contract ISR Fee-For-Service leveraging the Aerosonde UAS which flies over 6000 hours a month in support of Department of Defense (DoD) Land and shipboard sites. Textron Systems manufactures the Ship-to-Shore Connector (SSC), the next generation of the Landing Craft, Air Cushion (LCAC) fully amphibious vehicle, offering increased reliability, service life, maintainability and payload for the U.S. Navy and Marine Corps. Our specialty marine craft includes the CUSV®, our Common Unmanned Surface Vehicle CUSV was selected for the U.S. Navy’s first USV program of record, based on the larger Unmanned Influence Sweep System (UISS) program. The business is upgrading all low rate production craft to the configuration required to meet Initial Operating Capability, and is uniquely positioned to integrate future USV payloads and provide design, test, and logistical fleet support as systems are deployed. The business designs, manufactures and supports the next generation of armored vehicles for the U.S. military, international militaries, special operations forces, police forces and civilian entities around the globe. The RIPSAW® family of vehicles, known individually as M5 and M3, provides options for a highly configurable and leading uncrewed ground system with speed, endurance, payload capacity, durability and extreme mobility. The family of COMMANDO® 4x4 armored vehicles offers a range of protection, unmatched on-road and off-road mobility, survivability, lethality, versatility, reliability and sustainability for unique multi-mission capabilities. The purpose-built Cottonmouth® Advanced Reconnaissance Vehicle (ARV) competitive prototype offers the United States Marine Corps amphibious mobility, unrivaled versatility, command and control, and electronic warfare capabilities in a design built to organically defeat threats, both directly and beyond line of sight. Howe & Howe, a wholly owned subsidiary of Textron Systems, specializes in rapid research and development of innovative prototypes, both crewed and uncrewed. Howe & Howe also manufactures purpose-built designs of land vehicles that operate in extreme conditions, and is the originator of the RIPSAW® family of vehicles, known around the world for their speed, agility and capability in both crewed and uncrewed configurations. Current models include the commercially available manned F4, M5 and the recently released M3 uncrewed configurations. Its latest advanced robotic land vehicle is the Thermite® family of firefighting robots for first responders, which won the Popular Science 2021 Best of What’s New award for being one of the 100 greatest innovations within the category of Security. The business also develops the SWAT-BOT™, a mobile ballistic shield all-terrain robot that provides full body coverage to first responders. Textron Systems offers advanced kinetic and non-kinetic effects for the defense and aerospace industries. Textron Systems is a tier 1 subcontractor responsible for the reentry system to prime contractor Northrop Grumman on the Sentinel missile system program. Airborne Tactical Advantage Company (ATAC) provides the U.S. Department of Defense with supersonic and subsonic adversary services for the Navy, Marine Corps and Air Force. With more than 25 years of experience, ATAC is a pioneer in commercial tactical airborne training support to the U.S. military and its international allies and partners. ATAC supports flight operations from eight primary locations supporting East and West Coast operations, Hawaii and Japan. ATAC also provides Joint Terminal Attack Controller (JTAC) training for the Navy, Marine Corps and U.S. Special Forces. Lycoming Engines offers a complete line of Federal Aviation Administration (FAA) Certificated and Experimental category aviation piston engines: horizontally opposed, air-cooled, four-, six- and eight-cylinder aircraft engines; FAA Certificated aerobatic piston and helicopter piston engines; Integrated Electronic Engines (iE2); a high power density, liquid-cooled, jet fuel-burning diesel cycle engine; and a single-cylinder, jet fuel-burning, spark-ignited engine. In addition, Lycoming Engines offers a complete range of product and support services, from engines to spare parts, for flight schools, general aviation and experimental segments. Electronic Systems is a leader in the development and production of innovative, high-technology products and services for commercial, military, and government customers in the U.S. and internationally. It designs and manufactures a broad range of radio frequency, electro-optic, laser, and infrared devices used in training, test/evaluation, and operational applications from the laboratory to the range to the battlefield. This business provides comprehensive end-to-end training solutions for air, land, sea, space, uncrewed and electronic warfare platforms. Electronic Systems also offers advanced geospatial intelligence solutions and services, which enable users to achieve enhanced productivity and geospatial awareness through management, discovery and analysis of the variety and magnitude of data at their disposal. For the defense market, products also include complete maintenance training suites for aircraft, such as the C-17 and F-22, and testing equipment for the F-35. MAJOR PRODUCTS & SERVICES Textron 2023 Fact Book 11 TEXTRON eAVIATION SYSTEMS Textron eAviation includes Pipistrel, a manufacturer of light aircraft, along with other research and development initiatives related to sustainable aviation solutions. Pipistrel offers a family of light aircraft and gliders with both electric and combustion engines. Pipistrel’s Velis Electro is the world’s first, and currently only, electric aircraft to receive full type certification from the European Union Aviation Safety Agency and from the UK Civil Aviation Authority. (Dollars in millions) Revenues Segment profit(1) Total assets Capital expenditures Depreciation and amortization In the second quarter of 2022, we acquired Pipistrel, a manufacturer of electrically powered aircraft and formed a new reporting segment, Textron eAviation. This segment combines the operating results of Pipistrel along with other research and development initiatives related to sustainable aviation solutions. 2022 $ 16 $ (24) $ 278 $ 1 $ 2 2023 $ 32 $ (63) $ 287 $ 4 $ 7 KEY DATA 2023 REVENUES BY REGION 2023 REVENUES BY CUSTOMER 2023 SALES BREAKDOWN BY MILITARY BRANCH U.S. 71% Europe 5% Other 24% Navy 55% Marines, Air Force and Other 26% Army 19% Military 55% Commercial 45% 2023 REVENUES BY REGION 2023 SALES BREAKDOWN BY CUSTOMER U.S. 89% Europe 5% Other 6% U.S. Government 77% Commercial 23% 2023 REVENUES BY REGION U.S. 53% Europe 34% Other 13% 2023 REVENUES BY REGION U.S. 54% Europe 20% Other 26% 2023 SOURCES OF FUNDING 2023 FINANCE RECEIVABLES Long-term Debt 57% Equity 41% EXIM/EDIC 2% Textron Aviation 51% Bell Helicopter 35% Non-captive 14% 12 Textron 2023 Fact Book 1 Segment profit is a non-GAAP measure as defined on page 17. See page 14 for reconciliation to GAAP. FINANCE SYSTEMS Our Finance segment, operated by Textron Financial Corporation (TFC), is a commercial finance business that provides financing solutions for purchasers of Textron products, including Textron Aviation aircraft and Bell helicopters. For more than five decades, TFC has played a key role for Textron customers around the globe. (Dollars in millions) Finance Revenues Segment profit(1) Total finance receivables 60-Day + delinquency Nonaccrual % Debt to shareholders’ equity Total assets KEY DATA Other 26% Army 19% 2023 REVENUES BY REGION 2023 SALES BREAKDOWN BY CUSTOMER U.S. 89% Europe 5% Other 6% U.S. Government 77% Commercial 23% 2023 REVENUES BY REGION U.S. 53% Europe 34% Other 13% 2023 REVENUES BY REGION U.S. 54% Europe 20% Other 26% 2023 SOURCES OF FUNDING 2023 FINANCE RECEIVABLES Long-term Debt 57% Equity 41% EXIM/EDIC 2% Textron Aviation 51% Bell Helicopter 35% Non-captive 14% 023 REVENUES Y CUSTOMER 2023 SALES BREAKDOWN BY MILITARY BRANCH Navy 55% Marines, Air Force and Other 26% Army 19% Military 55% Commercial 45% 023 SALES BREAKDOWN Y CUSTOMER U.S. Government 77% Commercial 23% 2023 FINANCE RECEIVABLES Textron Aviation 51% Bell Helicopter 35% Non-captive 14% 2021 $ 49 $ 18 $ 630 0.16% 14.92% 3.33x $ 867 2022 $ 52 $ 31 $ 587 0.17% 7.84% 1.80x $ 664 2023 $ 55 $ 46 $ 609 0.66% 2.46% 1.43x $ 661 Textron 2023 Fact Book 13 1 Segment profit is a non-GAAP measure as defined on page 17. See page 14 for reconciliation to GAAP. (Dollars in millions, except per share amounts) 2023 2022 Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 Year Revenues Textron Aviation Bell Textron Systems Industrial eAviation(1) Finance Total Revenues Segment Profit (Loss) Textron Aviation Bell Textron Systems Industrial eAviation (1) Finance Total Segment Profit(2) Segment Profit (Loss) Margins Textron Aviation Bell Textron Systems Industrial eAviation Finance Total Profit Margin Corporate expenses and other, net Interest expense, net for Manufacturing Group LIFO inventory provision Intangible asset amortization Non-service components of pension and postretirement income, net Special charges(3) Income tax expense Income from continuing operations—GAAP LIFO inventory provision, net of tax Intangible asset amortization, net of tax Special charges, net of tax(3) Adjusted income from continuing operations— Non-GAAP(2) Diluted EPS —GAAP LIFO inventory provision, net of tax Intangible asset amortization, net of tax Special charges, net of tax(3) Adjusted Diluted EPS - Non-GAAP(2) 1 In the second quarter of 2022, we acquired Pipistrel, a manufacturer of electrically powered aircraft and formed a new reporting segment, Textron eAviation. This segment combines the operating results of Pipistrel along with other research and development initiatives related to sustainable aviation solutions. 2 See page 17 for segment profit and other non-GAAP definitions. 3 In the fourth quarter of 2023, we initiated a restructuring plan to reduce operating expenses through headcount reductions at the Industrial, Bell and Textron Systems segments. In connection with this plan, we recorded special charges of $126 million ($94 million, net of tax). FINANCIAL DATA 2023-2022 $1,040 $1,284 $1,167 $1,582 $ 5,073 834 687 754 816 3,091 273 293 292 314 1,172 838 871 849 907 3,465 - 5 5 6 16 16 14 11 11 52 $3,001 $3,154 $3,078 $3,636 $12,869 $ 110 $ 149 $ 131 $ 170 $ 560 91 54 74 63 282 28 38 31 35 132 39 37 36 43 155 — (7) (7) (10) (24) 9 10 7 5 31 $ 277 $ 281 $ 272 $ 306 $ 1,136 10.6% 11.6% 11.2% 10.7% 11.0% 10.9% 7.9% 9.8% 7.7% 9.1% 10.3% 13.0% 10.6% 11.1% 11.3% 4.7% 4.2% 4.2% 4.7% 4.5% N/M N/M N/M N/M N/M 56.3% 71.4% 63.6% 45.5% 59.6% 9.2% 8.9% 8.8% 8.4% 8.8% $ (52) $ (20) $ (21) $ (50) $ (143) (28) (28) (21) (17) (94) (12) (17) (13) (29) (71) (13) (13) (13) (13) (52) 60 60 60 60 240 — — — — — (39) (45) (39) (31) (154) $ 193 $ 218 $ 225 $ 226 $ 862 9 13 10 22 54 10 9 11 10 40 — — — — — $ 212 $ 240 $ 246 $ 258 $ 956 $ 0.88 $ 1.00 $ 1.06 $ 1.07 $ 4.01 0.04 0.06 0.04 0.11 0.25 0.05 0.05 0.05 0.05 0.19 — — — — — $ 0.97 $ 1.11 $ 1.15 $ 1.23 $ 4.45 $1,149 $1,362 $1,338 $1,524 $ 5,373 621 701 754 1,071 3,147 306 306 309 314 1,235 932 1,026 922 961 3,841 4 11 7 10 32 12 18 13 12 55 $3,024 $3,424 $3,343 $3,892 $13,683 $ 125 $ 171 $ 160 $ 193 $ 649 60 65 77 118 320 34 37 41 35 147 41 79 51 57 228 (9) (12) (19) (23) (63) 8 12 22 4 46 $ 259 $ 352 $ 332 $ 384 $ 1,327 10.9% 12.6% 12.0% 12.7% 12.1% 9.7% 9.3% 10.2% 11.0% 10.2% 11.1% 12.1% 13.3% 11.1% 11.9% 4.4% 7.7% 5.5% 5.9% 5.9% N/M N/M N/M N/M N/M 66.7% 66.7% 169.2% 33.3% 83.6% 8.6% 10.3% 9.9% 9.9% 9.7% $ (39) $ (21) $ (38) $ (45) $ (143) (17) (16) (16) (13) (62) (25) (35) (26) (21) (107) (10) (10) (10) (9) (39) 59 59 59 60 237 — — — (126) (126) (36) (66) (32) (31) (165) $ 191 $ 263 $ 269 $ 199 $ 922 19 26 20 16 81 8 7 8 7 30 — — — 94 94 $ 218 $ 296 $ 297 $ 316 $ 1,127 $ 0.92 $ 1.30 $ 1.35 $ 1.01 $ 4.57 0.09 0.13 0.10 0.08 0.40 0.04 0.03 0.04 0.04 0.15 — — — 0.47 0.47 $ 1.05 $ 1.46 $ 1.49 $ 1.60 $ 5.59 14 Textron 2023 Fact Book SELECTED FINANCIAL STATISTICS 2023-2021 (Dollars in millions, except where noted and per share amounts) 2023 2022 2021 Income Statement Data Revenues Segment profit(1) Corporate expenses and other, net Interest expense, net for Manufacturing Group Special charges LIFO inventory provision Intangible asset amortization Gain on business disposition Non-service components of pension and postretirement income, net Income tax expense Effective tax rate Income from continuing operations Diluted EPS from continuing operations—GAAP Special charges, net of tax LIFO inventory provision, net of tax Intangible asset amortization, net of tax Gain on business disposition, net of taxes Adjusted Diluted EPS—Non-GAAP(1) Balance Sheet Data—Manufacturing Group Cash and equivalents Accounts receivable, net Inventories Property, plant and equipment, net Goodwill Total assets Total debt Total liabilities Total company shareholders’ equity Non-GAAP Cash Flow—Manufacturing Group Net cash from operating activities of continuing operations—GAAP Less: Capital expenditures Plus: Total pension contributions Proceeds from the sale of property, plant and equipment Manufacturing cash flow before pension contributions—Non-GAAP(1) Cash Flow Items—Manufacturing Group Depreciation and amortization Net cash used in acquisitions Net proceeds from business disposition Net change in debt Dividends paid Purchases of Textron common stock Total number of shares purchased (in thousands) Key Ratios Segment profit margin Selling and administrative expense as % of sales Inventory turns (based on FIFO) Debt-to-capital (net of cash)—Manufacturing Group Stock-Related Information Stock price at year-end Dividend payout ratio Dividends declared per share Other Statistics Number of employees at year-end Average revenues per employee (in thousands) $12,382 1,064 (150) (124) (25) (17) (51) 17 159 126 14.4% $ 747 $ 3.30 0.08 0.06 0.17 (0.08) $ 3.53 $ 1,922 838 3,468 2,538 2,149 14,960 3,185 8,320 6,815 $ 1,469 (375) 52 3 $ 1,149 $ 380 — 38 (525) (18) (921) 13,533 8.6% 9.9% 2.8x 15% $ 77.20 2% $ 0.08 33,000 390 $12,869 1,136 (143) (94) — (71) (52) — 240 154 15.2% $ 862 $ 4.01 — 0.25 0.19 — $ 4.45 $ 1,963 855 3,550 2,523 2,283 15,629 3,182 8,724 7,113 $ 1,461 (354) 49 22 $ 1,178 $ 396 (202) — (32) (17) (867) 13,075 8.8% 9.2% 2.9x 15% $ 70.80 2% $ 0.08 34,000 379 $13,683 1,327 (143) (62) (126) (107) (39) — 237 165 15.2% $ 922 $ 4.57 0.47 0.40 0.15 — $ 5.59 $ 2,121 868 3,914 2,477 2,295 16,195 3,526 9,451 6,987 $ 1,270 (402) 45 18 $ 931 $ 395 (1) — 341 (16) (1,168) 16,169 9.7% 9.0% 2.9x 17% $ 80.42 2% $ 0.08 35,000 391 Textron 2023 Fact Book 15 1 Segment profit, Adjusted diluted EPS from continuing operations and Manufacturing cash flow before pension contributions are Non-GAAP measures that are defined on page 17. A reconciliation of segment profit to GAAP is provided on page 14. RETURN ON INVESTED CAPITAL Certain statements in this release 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 in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q under “Risk Factors”, 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 and inflationary pressures; 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; pension plan assumptions and future contributions; demand softness or volatility in the markets in which we do business; cybersecurity threats, including the potential misappropriation of assets or sensitive information, corruption of data or, operational disruption; difficulty or unanticipated expenses in connection with integrating acquired businesses; the risk that acquisitions do not perform as planned, including, for example, the risk that acquired businesses will not achieve revenue and profit projections; the impact of changes in tax legislation; the risk of disruptions to our business and the business of our suppliers, customers and other business partners due to unexpected events, such as pandemics, natural disasters, acts of war, strikes, terrorism, social unrest or other societal or political conditions; and the ability of our businesses to hire and retain the highly skilled personnel necessary for our businesses to succeed. FORWARD-LOOKING STATEMENTS (Dollars in millions) ROIC Income Income from continuing operations Interest expense for Manufacturing Group Gain on business disposition, net of taxes Special charges, net of taxes ROIC Income Invested Capital at end of year Total shareholders’ equity Total Manufacturing Group debt Cash and cash equivalents for Manufacturing Group Eliminate gain on business disposition, net of taxes Eliminate special charges, net of taxes Invested Capital at end of year, as adjusted Invested Capital at beginning of year Average Invested Capital Return on Invested Capital 2022 $ 862 71 — — $ 933 $ 7,113 3,182 (1,963) — — 8,332 8,078 $ 8,205 11.4% 2023 $ 922 47 — 94 $ 1,063 $ 6,987 3,526 (2,121) — 94 8,486 8,332 $ 8,409 12.6% 2021 $ 747 94 (17) 18 $ 842 $ 6,815 3,185 (1,922) (17) 18 8,079 7,406 $ 7,743 10.9% Return on invested capital (ROIC) is a non-GAAP financial measure that our management believes is useful to investors as a measure of performance and the effectiveness of the use of capital in our operations. We measure ROIC by dividing ROIC income by average invested capital. ROIC Income includes income from continuing operations and adds back after-tax amounts for 1) interest expense for the Manufacturing Group, 2) gains or losses on the sales of businesses or product lines, and 3) special charges. At the beginning of the year, our invested capital represents total shareholders’ equity and Manufacturing Group debt, less its cash and equivalents and any outstanding amounts loaned to the Finance Group. At the end of the year, we typically adjust ending invested capital for significant events unrelated to our normal operations for the year such as special charges and dispositions. 16 Textron 2023 Fact Book NON-GAAP DEFINITIONS We supplement the reporting of our financial information determined under U.S. generally accepted accounting principles (GAAP) with certain non-GAAP financial measures. These non-GAAP financial measures exclude certain significant items that may not be indicative of, or are unrelated to, results from our ongoing business operations. We believe that these non-GAAP measures may be useful for period-over- period comparisons of underlying business trends and our ongoing business performance, however, they should be used in conjunction with GAAP measures. Our non-GAAP measures should not be considered in isolation or as a substitute for the related GAAP measures, and other companies may define similarly named measures differently. We encourage investors to review our financial statements and publicly filed reports in their entirety and not to rely on any single financial measure. We utilize the following definitions for the non-GAAP financial measures included in this document and have provided a reconciliation of the GAAP to non-GAAP amounts for these measures on pages 14 and 15. A. Segment profit is an important measure used by our chief operating decision maker for evaluating performance and for decision-making purposes. Beginning in 2023, we changed how we measure our manufacturing segment operating results to exclude the non-service components of pension and postretirement income, net; LIFO inventory provision; and intangible asset amortization. This measure also continues to exclude interest expense, net for Manufacturing Group; certain corporate expenses; gains/losses on major business dispositions; and special charges. The prior periods have been recast to conform to this presentation. The measurement for the Finance segment includes interest income and expense along with intercompany interest income and expense. B. Adjusted income from continuing operations and Adjusted diluted earnings per share exclude special charges, net of tax and gains/ losses on major business dispositions, net of tax. We consider items recorded in special charges, such as enterprise-wide restructuring, certain asset impairment charges, and acquisition-related restructuring, integration and transaction costs, to be of a non-recurring nature that is not indicative of ongoing operations. Beginning in 2023, these measures also exclude LIFO inventory provision, net of tax and Intangible asset amortization, net of tax. LIFO inventory provision is excluded to improve comparability with other companies in our industry who have not elected to use the LIFO inventory costing method. Intangible asset amortization is excluded to improve comparability as the impact of such amortization can vary substantially from company to company depending upon the nature and extent of acquisitions and exclusion of this expense is consistent with the presentation of non-GAAP measures provided by other companies within our industry. Management believes that it is important for investors to understand that these intangible assets were recorded as part of purchase accounting and contribute to revenue generation. The prior periods have been recast to conform to this presentation. C. Manufacturing cash flow before pension contributions adjusts net cash from operating activities (GAAP) for the following: • Deducts capital expenditures and includes proceeds from an insurance recovery and the sale of property, plant and equipment to arrive at the net capital investment required to support ongoing manufacturing operations; • Excludes dividends received from Textron Financial Corporation (TFC) and capital contributions to TFC provided under the Support Agreement and debt agreements as these cash flows are not representative of manufacturing operations; and • Adds back pension contributions as we consider our pension obligations to be debt-like liabilities. Additionally, these contributions can fluctuate significantly from period to period and we believe that they are not representative of cash used by our manufacturing operations during the period. While we believe this measure provides a focus on cash generated from manufacturing operations, before pension contributions, and may be used as an additional relevant measure of liquidity, it does not necessarily provide the amount available for discretionary expenditures since we have certain non-discretionary obligations that are not deducted from the measure. Textron 2023 Fact Book 17 BUSINESS DIRECTORY STOCK INFORMATION WORLD HEADQUARTERS Textron Inc. 40 Westminster Street Providence, RI 02903 (401) 421-2800 www.textron.com BELL Bell Helicopter 3255 Flight Boulevard Fort Worth, TX 76118 (817) 280-2011 www.bellflight.com TEXTRON SYSTEMS Textron Systems 124 Industry Lane Hunt Valley, MD 21030 (800) 655-2616 www.textronsystems.com www.howeandhowe.com www.textronair.com www.lycoming.com TEXTRON AVIATION Textron Aviation One Cessna Boulevard Wichita, KS 67215 (316) 517-6000 www.txtav.com TEXTRON FINANCIAL Textron Financial Corporation Two Cessna Boulevard Suite 100 Wichita, KS 67215 (800) 660-1260 www.textronfinancial.com INDUSTRIAL Kautex Kautexstrasse 52 53229 Bonn Germany +49-228-4880 www.kautex.com Textron Specialized Vehicles 1451 Marvin Griffin Road Augusta, GA 30906 (706) 798-4311 www.ezgo.com www.cushman.com www.arcticcat.com www.textrongse.com www.jacobsen.com www.ransomesjacobsen.com/europe TEXTRON eAVIATION 5701 E Pawnee Avenue Wichita, KS 67218 www.e-aviation.com STOCK EXCHANGE LISTING Ticker Symbol – TXT Common Stock New York Stock Exchange TRANSFER AGENT AND REGISTRAR Equiniti Trust Company, LLC 48 Wall Street, 23rd Floor New York, NY 10005 (800) 401-1957 shareowneronline.com CAPITAL STOCK (as of December 31, 2023) Common Stock: par value $0.125 per share 500,000,000 shares authorized 192,898,000 shares outstanding DIVIDENDS Common Stock Record dates: March 10, June 9, September 15 and December 15, 2023 Distribution dates: April 1, July 1, October 1, 2023 and January 1, 2024 STOCK SPLITS Record dates: December 17, 1965; August 11, 1967; May 11, 1987; May 9, 1997; August 3, 2007. Distribution dates: January 1, 1966; September 1, 1967; June 1, 1987; May 30, 1997; August 24, 2007. SHARE OWNERSHIP (As of December 2023) This Fact Book is one of several sources of information available to Textron Inc. shareholders and the investment community. To receive a copy of Textron’s Forms 10-K, 10-Q, Proxy Statement or Annual Report, visit our website at www.textron.com or send your written request to Textron Investor Relations at the address listed above. For the most recent company news and earnings press releases, visit our website at www.textron.com. INVESTORS David Rosenberg Vice President, Investor Relations drosenberg@textron.com (401) 457-2288 Kyle Williams Manager, Investor Relations kyle.williams@textron.com (401) 457-2288 BANKS AND RATING AGENCIES Eric Salander Vice President, Treasurer esalander@textron.com (401) 457-2288 MEDIA Michael Maynard Director, Corporate Communications mmaynard@textron.com (401) 457-2362 LEGAL ENTITIES Textron Inc. consists of numerous subsidiaries and other operations which may be referred to in this Factbook as Textron businesses, business units, companies, operations or similar terms. The subsidiaries are charged with the day-to-day responsibility for their operations and are separate and distinct legal entities. Textron Inc., through its Corporate Office, provides oversight, broad direction and assistance when necessary to its businesses consistent with legal requirements and sound and generally accepted corporate governance practices. Bell Textron Inc. (“Bell”) is a wholly-owned subsidiary of Textron Inc. Bell consists of a number of subsidiaries and other operations. Textron Aviation Inc., which has various subsidiaries and other operations, is wholly-owned by Textron Inc. The Textron Systems group of businesses includes Avco Corporation (“Avco”) which is a wholly-owned subsidiary of Textron Inc.; Textron Systems Corporation, an indirect wholly-owned subsidiary of Avco, which has various subsidiaries and other operations; and Lycoming Engines, an operating division of Avco. Kautex conducts its business through a number of separately incorporated companies and other operations. Textron Specialized Vehicles Inc., which has various subsidiaries, including Arctic Cat Inc. and Textron Ground Support Equipment Inc., is wholly-owned by Textron Inc. as is Textron E-Z-Go LLC. Textron Financial Corporation (“Textron Financial”) is a wholly-owned subsidiary of Textron Inc. Textron Financial consists of several subsidiaries. PATENTS AND TRADEMARKS Textron Inc., its subsidiaries’ and divisions’ names, abbreviations thereof, logos, and product and service names are either the registered or unregistered trademarks or trade names of Textron Inc., its subsidiaries and divisions. Names of other companies, abbreviations thereof, logos and product and service names of other companies are either the registered or unregistered trademarks or trade names of their respective owners. U.S. Institutions 78% Savings Plan/Directors/ Officers 10% Retail/Other 6% Foreign Institutions 6% © 2024 Textron Inc. | www.textron.com