2021 FACT BOOK

The U.S. Army is expected to award the contract for the FLRAA program in mid-2022. On the Future Attack Reconnaissance Aircraft program, Bell has completed about 80% of the prototype build of its 360 Invictus aircraft. Also in 2021, Bell opened its Manufacturing Technology Center, an innovative proving ground to test and refine technologies and processes across Bell’s core production capabilities. TEXTRON SYSTEMS delivered three additional Ship-to-Shore connector craft to the U.S. Navy during the year and continues to induct production craft into the manufacturing line. On the land vehicle side, Systems delivered four RIPSAW M5 vehicles to the U.S. Army for testing as part of their Robotic Combat Vehicle-medium program and Systems was awarded a prototype agreement for the U.S. Marine Corps Advanced Reconnaissance Vehicle program, with its purpose-built Cottonmouth vehicle. Also, the Systems adversary air business, ATAC, continued to fly its fleet of F1 aircraft in support of increased demand on USAF, Navy and Marine Corps tactical air programs. INDUSTRIAL completed many key innovation milestones throughout the portfolio. Textron Specialized Vehicles unveiled the Liberty, the industry’s first vehicle with four forward-facing seats in a golf-car-sized footprint. This product utilizes the successful TSV lithium-ion battery technology that is also powering Textron GSE’s new TUG 660 Li belt loader. To help expand battery technology across ground support equipment globally, TSV established a strategic collaboration with GM to electrify its diverse product line. Kautex continued to grow its hybrid electric fuel systems business, securing eight new contract awards. Kautex also completed development of and began to market its Pentatonic battery system, a lightweight battery housing for use in electric vehicles. Citation Longitude® Citation M2 Gen2 and XLS Gen2 TEXTRON AVIATION Textron Aviation is home to the Beechcraft® and Cessna® aircraft brands and continues to be a leader in general aviation through two principal lines of business: aircraft and aftermarket. Aircraft includes sales of business jet, turboprop and piston aircraft, as well as special mission and military aircraft. Aftermarket includes commercial parts sales, maintenance, inspection and repair services. Aircraft 68% Aftermarket Parts and Services 32% Commercial 97% U.S. Government 2% Other Military 1% U.S. 75% Europe 9% Asia and Australia 6% Other 10% U.S. Government 61% Commercial 39% Navy 51% Marines 42% Army, Air Force and Other 7% U.S. 72% Asia and Australia 12% Europe 5% Other 11% 2021 REVENUES BY REGION 2021 REVENUES BY PRODUCT LINE 2021 REVENUES BY CUSTOMER 2021 REVENUES B 2021 REVENUES BY REGION 2021 REVENUES BY CUSTOMER 2021 U.S. GOVERNMENT REVENUES BY MILITARY BRANCH 2021 REVENUES B 37%Textron Aviation’s share of Textron 2021 revenues (Dollars in millions) Textron Aviation Units delivered: Business jets King Airs Caravans Piston engine Backlog Revenues Segment profit Segment profit margin Total assets Capital expenditures Depreciation and amortization 2019 206 93 83 218 $1,714 $5,187 $ 449 8.7% $4,692 $ 122 $ 137 2021 167 71 54 254 $4,120 $4,566 $ 378 8.3% $4,390 $ 115 $ 139 2020 132 62 51 314 $1,603 $3,974 $ 16 0.4% $4,380 $ 94 $ 138 2018 2017 188 180 94 86 92 69 227 274 $1,791 $1,180 $4,971 $4,686 $ 445 $ 303 9.0% 6.5% $4,290 $4,403 $ 132 $ 128 $ 145 $ 139 KEY DATA 2019 $3,592 1,595 $5,187 2021 $3,116 1,450 $4,566 2020 $2,714 1,260 $3,974 2018 2017 $3,435 $3,112 1,536 1,574 $4,971 $4,686 (In millions) Aircraft Aftermarket Parts and Services Total revenues REVENUE DETAILS Cessna Skycourier® 2 TEXTRON 2021 FACT BOOK MAJOR PRODUCTS Std/Max Maximum Seating Capacity Maximum Range (nm) 2022 First (including Cruising (IFR w/NBAA MSRP Engine Engine Delivery pilots) Speed (kts) reserves) (in millions) Manufacturer Model Avionics Cessna Citation Jets M2 Gen 2 2022 8 404 1,550 $ 5.855 Williams International FJ44-1AP-21 Garmin G3000 CJ3+ 2014 10 416 2,040 $ 9.915 Williams International FJ44-3A Garmin G3000 CJ4 Gen2 2021 10/11 451 2,165 $ 11.290 Williams International FJ44-4A Collins Pro Line 21 XLS+ Gen2 2022 11/14 441 2,100 $ 15.500 Pratt & Whitney Canada PW545C Collins Pro Line 21 Latitude 2015 11/11 446 2,700 $ 19.305 Pratt & Whitney Canada PW306D1 Garmin G5000 Longitude 2019 10/14 483 3,500 $ 29.965 Honeywell HTF7700L Garmin G5000 Turboprops Cessna Caravan 1985 9/14 186 1,0703 $ 2.205 Pratt & Whitney Canada PT6A-114A Garmin G1000 NXi Cessna Grand Caravan EX1 2012 11/14 185 9123 $ 2.580 Pratt & Whitney Canada PT6A-140 Garmin G1000 NXi Beechcraft King Air 260 2021 9/11 310 1,720 $ 7.405 Pratt & Whitney Canada PT6A-52 Collins Pro Line Fusion Beechcraft King Air 360 2020 11/13 312 1,806 $ 8.810 Pratt & Whitney Canada PT6A-60A Collins Pro Line Fusion Beechcraft King Air 360ER2 2021 11/13 303 2,539 $ 9.325 Pratt & Whitney Canada PT6A-60A Collins Pro Line Fusion New Turboprop Development Cessna Denali First Flight 2021 8/11 285 1,600 N/A GE Aviation Catalyst Garmin G3000 Cessna SkyCourier Freighter 2022 2/2 200 900 $ 6.850 Pratt & Whitney Canada PT6A-65SC Garmin G1000 NXi Cessna SkyCourier Passenger 2022 21/21 200 900 $ 7.375 Pratt & Whitney Canada PT6A-65SC Garmin G1000 NXi Pistons Cessna 172S Skyhawk 1998 4 124 6403 $ 0.454 Textron Lycoming IO-360-L2A Garmin G1000 NXi Cessna Skylane 182T 2001 4 145 9153 $ 0.574 Textron Lycoming T10-540-AB1A5 Garmin G1000 NXi Cessna Turbo Stationair T206HD 1998 6 161 7033 $ 0.795 Textron Lycoming TIO-540-AJ1A Garmin G1000 NXi Beechcraft Bonanza G364 2005 6 176 9203 $ 0.999 Continental Motors IO-550-B Garmin G1000 NXi Beechcraft Baron G584 2005 6 202 1,4803 $ 1.599 Continental Motors IO-550-C Garmin G1000 NXi Military Beechcraft T-6 1998 2 316 994 N/A5 Pratt & Whitney Canada PT6A-68 Esterline CMC 3000 Beechcraft AT-6 2020 2 316 1,725 N/A5 Pratt & Whitney Canada PT6A-68D Esterline CMC 3000 Citation Product Line Competition CIRRUS VISION JET PHENOM 100EV HONDAJET ELITE CITATION M2 CITATION CJ3+ PHENOM 300E LEARJET 75 LIBERTY CITATION CJ4 PILATUS PC-24 LEARJET 75 CITATION XLS+ PRAETOR 500 CITATION LATITUDE LEGACY 500 PRAETOR 600 GULFSTREAM G280 CHALLENGER 350 FALCON 2000S CITATION LONGITUDE CHALLENGER 650 FALCON 2000LXS $2.850 $4.250 $5.300 $5.575 $9.440 $9.650 $9.900 $10.750 $11.245 $13.800 $14.640 $16.995 $19.105 $20.000 $20.995 $24.500 $26.700 $28.800 $29.765 $32.400 $35.100 2021 BUSINESS JET PRICE POINTS (Dollars in millions) PRE-OWNED CITATIONS FOR SALE (As a percent of fleet) 90 95 00 05 10 15 21 20% 15% 10% 5% Average ~12% AFTERMARKET PARTS AND SERVICES SALES (Dollars in millions) 562 606 666 721 587 727 793 916 1,386 1,418 1,574 1,536 1,595 1,260 1,450 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 1,509 667 2021 Source: B&CA 2021 Purchase Planning Handbook edition & Textron Aviation Data 1 Grand Caravan EX with Cargo Pod 2 Slick configuration 3 45 minute fuel reserve 4 Current configuration with G1000 avionics 5 Contact Textron Aviation Defense for aircraft and support package pricing TEXTRON 2021 FACT BOOK 3 U.S. Government 61% Commercial 39% Navy 51% Marines 42% Army, Air Force and Other 7% U.S. 72% Asia and Australia 12% Europe 5% Other 11% U.S. 88% Asia and Australia 5% Europe 4% Other 3% 2021 REVENUES BY CUSTOMER 2021 REVENUES BY REGION 2021 REVENUES BY CUSTOMER 2021 U.S. GOVERNMENT REVENUES BY MILITARY BRANCH 2021 REVENUES BY REGION 2021 REVENUES B U.S. Government 80% Commercial 20% 4 TEXTRON 2021 FACT BOOK Bell 429 BELL Bell is a leading supplier of helicopters and related spare parts and services. Bell is the pioneer of the revolutionary tiltrotor aircraft. Globally recognized for world-class customer service, innovation and superior quality, Bell’s global workforce serves customers flying Bell aircraft in more than 130 countries. Bell-Boeing CMV-22 Osprey Bell V-280 Valor 27%Bell’s share of Textron 2021 revenues (Dollars in millions) Bell Units delivered: Commercial Backlog Revenues Segment profit Segment profit margin Total assets Capital expenditures Depreciation and amortization 2021 156 $3,871 $3,364 $ 408 12.1% $3,382 $ 92 $ 87 2020 2019 2018 2017 140 201 192 132 $5,342 $6,902 $5,837 $4,598 $3,309 $3,254 $3,180 $3,317 $ 462 $ 435 $ 425 $ 415 14.0% 13.4% 13.4% 12.5% $2,984 $2,783 $2,652 $2,660 $ 117 $ 81 $ 65 $ 73 $ 91 $ 107 $ 108 $ 117 (In millions) Military aircraft and support programs Commercial helicopters, parts and services Total revenues 2021 $2,073 1,291 $3,364 2020 2019 2018 2017 $2,213 $1,988 $2,030 $2,076 1,096 1,266 1,150 1,241 $3,309 $3,254 $3,180 $3,317 REVENUE DETAILS KEY DATA TEXTRON 2021 FACT BOOK 5 Bell Autonomous Pod Transport Bell 407 GXi Bell 505 Cruising Speed (kts) 125 133 150 122 123 106 160 158 160 180 266 280 Maximum Range (nm) 306 337 411 357 361 246 560 350 380 135 1,100 800 MAJOR PRODUCTS Light Bell 505 Jet Ranger X Bell 407GXi Bell 429/429WLG Medium Bell 412 EP/EPI Bell 412 EPX Bell Huey II New Commercial Helicopter Development Bell 525 Relentless Military Rotorcraft Bell UH-1Y Bell AH-1Z Bell 360 Military Tiltrotor Bell-Boeing V-22 Bell V-280 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 Twin-engine with highest dispatch reliability and the lowest hourly cost Next evolution of Bell 412 family with upgrades to transmission, engine control and avionics system Upgrade of U.S. Army and worldwide UH-1H model Huey 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 Future Attack Reconnaissance Aircraft designed to meet or exceed the U.S. Army’s FARA requirements Military tiltrotor aircraft, being produced in partnership with Boeing Next generation military tiltrotor aircraft being developed as part of the Joint Multi-Role Technology Demonstrator initiative in order to compete for the Army-led, DOD Future Vertical Lift Program of Record First Delivery 2017 2018 2009 2013 2020 1995 TBD 2006 2006 TBD 1999 TBD Seating Capacity (including pilots) 5 7 8 15 15 15 20 12 2 2 27 16-18 Useful Load (lbs) 1,500 2,300 2,535 5,100 5,385 5,060 8,200 6,675 6,580 1,400 25,500 12,000+ FUTURE VERTICAL LIFT • Bell submits final proposal to U.S. Army for FLRAA program downselect • Bell 360 Invictus prototype makes significant build progress for U.S. Army’s FARA program • Bell announces a new Systems Integration Lab for Future Vertical Lift programs MILITARY BUSINESS • Bell Boeing program office was awarded a $1.6 billion V-22 aftermarket contract • Bell Boeing V-22 program surpassed the 600,000 flight hour milestone and completed first Nacelle Improvement on an Air Force CV-22 Osprey • Bell delivered four Bell Huey II aircraft to the Armed Forces of Bosnia and Herzegovina • Bell completed the first AH-1Z Viper for Bahrain and began manufacturing the first Czech Republic UH-1Y COMMERCIAL BUSINESS • Bell delivered the 300th 505 Jet Ranger X and the 400th 429 to customers worldwide 2021 COMMERCIAL PRODUCT PRICE POINTS (Dollars in millions) 2021 Source: Helivalues, & Bell Data Twin Engines Single Engine Bell Competition Robinson R66 $0.9 Enstrom 480 $1.4 Bell 505 $1.4 MD 530F $2.9 H125 $3.1 Bell 407GXi $3.3 H130 $3.5 A119KX $3.7 H135 $6.3 AW109 Grand New $6.7 Bell 429 $6.7 H145 $8.3 AW169 $9.0 Bell 412 EPI $11.0 Bell 412 EPX $11.5 H155 $12.1 AW139 $12.2 S-76D $14.6 AW189 $17.0 H175 $18.4 Bell 525 TBD S-92 $29.0 H225 $30.0 Bell 360 Invictus Arctic Cat RIOT 8000 E-Z-GO® Liberty Textron Specialized Vehicles designs and manufactures golf cars, professional turf care equipment, commercial and industrial utility vehicles, recreational side-by-sides and ATVs, snowmobiles and ground support equipment for the aviation industry. These products are sold under the E-Z-GO, Arctic Cat, Jacobsen, Tracker Off Road, Ransomes, TUG, Douglas, Premier and Safeaero 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, mountains, educational and corporate campuses, sporting venues, municipalities, utilities and agriculture and landscaping professionals. 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, cars, light trucks and all-terrain vehicles. 6 TEXTRON 2021 FACT BOOK (Dollars in millions) Industrial Revenues Segment profit Segment profit margin Total assets Capital expenditures Depreciation and amortization 2020 2019 2018 2017 $3,000 $3,798 $4,291 $4,286 $ 111 $ 217 $ 218 $ 290 3.7% 5.7% 5.1% 6.8% $2,500 $2,781 $2,815 $3,360 $ 62 $ 97 $ 132 $ 158 $ 102 $ 108 $ 112 $ 105 (In millions) Fuel Systems and Functional Components Specialized Vehicles Total revenues 2021 $1,735 1,395 $3,130 2020 2019 2018 2017 $1,751 $2,237 $2,352 $2,330 $1,249 $1,561 $1,691 $1,486 $3,000 $3,798 $4,291 $4,286 REVENUE DETAILS KEY DATA Blast-M Arctic Cat INDUSTRIAL Our Industrial segment offers two main product lines: fuel systems and functional components produced by Kautex; and specialized vehicles such as golf cars, recreational and utility vehicles, aviation ground support equipment and professional mowers, manufactured by Textron Specialized Vehicles businesses. 25%Industrial’s share of Textron 2021 revenues U.S. 72% Asia and Australia 12% Europe 5% Other 11% U.S. 50% Europe 24% Asia and Australia 12% Other 14% U.S. 88% Asia and Australia 5% Europe 4% Other 3% 2021 REVENUES BY CUSTOMER EGION USTOMER 2021 REVENUES BY REGION 2021 REVENUES BY REGION 2021 $3,130 $ 140 4.5% $2,529 $ 82 $ 99 Tracker Off Road 600 TEXTRON 2021 FACT BOOK 7 Consumer Commercial Golf Ground Support Equipment Turf Snow 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 Rhapsody Fuel System A wide range of vehicles in the outdoor powersports market, including side-by-sides and ATVs under the Arctic Cat and Tracker Off Road brands and personal transportation vehicles (PTVs) 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 markets 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, ground power units, air-starts and mobile HVAC units. Equipment is sold under the TUG, Douglas, Premier, and Safeaero brands and under the Textron GSE name. 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 for the snow powersports market 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. For safety reasons these sensors need to be clean to ensure proper functionality of the related Advanced Driver Assistance Systems (ADAS). Thermoplastic composite or composite metal hybrid battery housing for electric vehicles, with integrated cooling features using a one shot manufacturing process. A lightweight fuel system that incorporates both hardware and software variants to drive a common physical design with attributes that can be modified by software, reducing the number of physical variants required in each program. Textron Specialized Vehicles Kautex Products Under Development MAJOR PRODUCTS Kautex Fuel System Jacobsen Eclipse 360 ELiTE Textron GSE TUGTM ALPHA 1 TEXTRON SYSTEMS Textron Systems’ businesses develop and integrate products and services for U.S. and international military, government and commercial customers to support defense, aerospace and other customer missions. Product and service offerings include unmanned aircraft systems, electronic systems and solutions, advanced marine craft, piston aircraft engines, armored and specialty vehicles and other defense and aviation mission support products and services. ATAC’s Mirage F1B-Fighter Jet Services 10%Textron Systems’ share of Textron 2021 revenues 8 TEXTRON 2021 FACT BOOK Ship-to-Shore Connector (SSC) (Dollars in millions) Textron Systems Revenues Segment profit Segment profit margin Backlog Total assets Capital expenditures Depreciation and amortization 2021 $1,273 $ 189 14.8% $2,144 $1,980 $ 80 $ 45 KEY DATA 2020 2019 2018 2017 $1,313 $1,325 $1,464 $1,840 $ 152 $ 141 $ 156 $ 139 11.6% 10.6% 10.7% 7.6% $2,556 $1,211 $1,469 $1,406 $2,054 $2,352 $2,254 $2,330 $ 42 $ 38 $ 39 $ 60 $ 43 $ 48 $ 54 $ 65 CottonmouthTM U.S. 50% Europe 24% Asia and Australia 12% Other 14% U.S. 88% Asia and Australia 5% Europe 4% Other 3% 2021 REVENUES BY CUSTOMER 2021 REVENUES BY REGION 2021 REVENUES BY REGION 2021 SOURCES OF FU 2021 FINANCE RECEI U.S. Government 80% Commercial 20% TEXTRON 2021 FACT BOOK 9 Aerosonde® 4.8 HQ Howe & Howe Thermite EV2 Lycoming® IO-390 Air Systems Control Stations and Remote Products Support Solutions Unmanned Surface Vehicle Marine Craft Land Vehicles Howe & Howe Weapons Airborne Tactical Advantage Company (ATAC) Electronic Systems Lycoming Engines Textron Systems’ multi-mission-capable unmanned aircraft systems (UAS) are utilized worldwide. The business’s platforms include the venerable Shadow® Tactical UAS, a system that has surpassed over one and a half million flight hours and has moved into its Block III configuration, as well as the Aerosonde® Small UAS, with over 550,000 flight hours of service, and the vertical-takeoff-and-landing Aerosonde HQ. 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, fixed-, and rotary-wing aircraft and marine and land vehicles. Manned and unmanned 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 manufactures CUSV®, our Common Unmanned Surface Vehicle, which was selected for the U.S. Navy’s first USV program of record, based on the larger Unmanned Influence Sweep System (UISS) program. Our specialty marine craft include the Ship-to-Shore Connector (SSC) and the Motor Lifeboat (MLB). The SSC is 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. The MLB is a rugged, highly survivable, self-righting all-aluminum rescue boat that enhances customers’ ability to perform a variety of operations, including search and rescue in heavy weather conditions. The MLB is not currently in production. 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® M5 gives the Army a highly configurable and leading unmanned ground system with speed, endurance 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) offers the United States Marine Corps amphibious mobility, unrivaled versatility and electronic warfare capabilities in a design built to organically defeat threats, both directly and beyond line of sight. Textron Systems’ Howe & Howe subsidiary manufacturers purpose-built designs of land vehicles that operate in extreme conditions, and is the originator of the RIPSAW® vehicle, known around the world for its speed, agility and capability in both manned and unmanned 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. Textron Systems offers advanced area-attack and area-denial weapon systems, airborne and ground-based sensors, and kinetic and non-kinetic effects for the defense and aerospace industries. Textron Systems is a tier 1 subcontractor to prime contractor Northrop Grumman on the Ground Based Strategic Deterrent (GBSD) missile system responsible for the Reentry System Assembly. 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 20 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 Air Force Special Operations Command (AFSOC) and the Navy and Marine Corps. 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 segment provides comprehensive end-to-end training solutions for air, land, sea, space, unmanned 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. 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 the general aviation and experimental segments. MAJOR PRODUCTS 1 Segment profit for the Finance segment includes interest income and expense along with intercompany interest income and expense. (Dollars in millions) Finance Total finance receivables 60-Day + delinquency Nonaccrual % Debt to shareholders’ equity Revenues Segment profit1 Total assets Dividends paid to Textron Inc. 2020 2019 2018 2017 $779 $ 707 $ 789 $ 850 3.7% 2.4% 1.8% 4.0% 11.9% 5.5% 5.1% 7.2% 4.0x 4.3x 3.8x 3.8x $ 55 $ 66 $ 66 $ 69 $ 10 $ 28 $ 23 $ 22 $938 $ 964 $1,107 $1,169 $ — $ 50 $ 50 $ — FINANCE Our Finance segment, operated by Textron Financial Corporation (TFC), is a commercial finance business that provides financing solutions for purchasers of Textron products, primarily Textron Aviation aircraft and Bell helicopters. For more than five decades, TFC has played a key role for Textron customers around the globe. KEY DATA 10 TEXTRON 2021 FACT BOOK 2021 $630 0.2% 14.9% 3.3x $ 49 $ 19 $867 $ — U.S. 50% Europe 24% Asia and Australia 12% Other 14% U.S. 88% Asia and Australia 5% Europe 4% Other 3% Subordinated Debt 38% Long-term Debt 33% Equity 23% EXIM/EDIC 6% Textron Aviation 55% Bell Helicopter 29% Non-captive 15% Other 1% CUSTOMER REGION 2021 REVENUES BY REGION 2021 SOURCES OF FUNDING 2021 FINANCE RECEIVABLES U.S. Government 80% Commercial 20% 1%Finance’s share of Textron 2021 revenues Beechcraft® King Air® 360 Citation Latitude® Bell 407 GXi (Dollars in millions, except per share amounts) 2021 2020 Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 Year Revenues Textron Aviation Bell Textron Systems Industrial Finance Total Revenues Segment Profit (Loss)1 Textron Aviation Bell Textron Systems Industrial Finance Total Segment Profit Segment Profit (Loss) Margins Textron Aviation Bell Textron Systems Industrial Finance Total Profit Margin Corporate expenses and other, net Interest expense, net for the Manufacturing Group Special charges2 Gain on business disposition3 Inventory charge4 Income tax (expense) benefit Income (loss) from continuing operations—GAAP Special charges, net of tax 2 Inventory charge, net of tax4 Tax benefit—TRU assets held for sale4 Adjusted income from continuing operations—Non-GAAP5 Diluted EPS —GAAP Special charges, net of tax 2 Gain on business disposition, net of tax 3 Inventory charge, net of tax 4 Tax benefit—TRU assets held for sale4 Adjusted Diluted EPS—Non-GAAP5 1 Segment profit (loss) is an important measure used for evaluating performance and for decision-making purposes. Segment profit (loss) for the manufacturing segments excludes interest expense, certain corporate expenses, gains/losses on major business dispositions, special charges and an inventory charge related to a restructuring plan initiated in the second quarter of 2020. The measurement for the Finance segment includes interest income and expense along with intercompany interest income and expense. 2 In 2020, we initiated a restructuring plan to reduce operating expenses through headcount reductions, facility consolidations and other actions in response to the economic challenges and uncertainty resulting from the COVID-19 pandemic. The restructuring plan primarily impacted the TRU Simulation + Training business within the Textron Systems segment and the Industrial and Textron Aviation segments. In connection with this plan, we incurred special charges of $25 million in 2021, and $108 million in 2020. Special charges in 2020 also included the impairment of indefinite-lived trade name intangible assets totaling $39 million, primarily in the Textron Aviation segment. 3 On January 25, 2021, we completed the sale of TRU Simulation + Training Canada Inc. which resulted in an after-tax gain of $17 million. 4 In connection with the restructuring plan described above, we ceased manufacturing at TRU’s facility in Montreal, Canada, resulting in the production suspension of our commercial air transport simulators. As a result of this action and market conditions, we recorded a $55 million charge in the second quarter of 2020 to write-down the related inventory to its net realizable value. In the fourth quarter of 2020, we reached a definitive agreement to sell TRU Simulation + Training Canada Inc. which resulted in the recognition of an $8 million tax benefit. 5 Adjusted income from continuing operations and adjusted diluted earnings per share exclude special charges, 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. In addition, we have excluded certain impacts of the enterprise-wide restructuring plan on TRU Simulation + Training Canada Inc. (TRU Canada) that are not included within special charges, but are of a non-recurring nature and are not indicative of ongoing operations. At TRU Canada, an inventory charge is excluded as it relates to the write-down of inventory in connection with an action taken under the restructuring plan as described above. In addition, the tax benefit and the after-tax gain related to TRU Canada are both excluded as they were incurred in connection with the enterprise-wide restructuring plan. FINANCIAL DATA 2021-2020 TEXTRON 2021 FACT BOOK 11 $ 865 $1,161 $1,181 $1,359 $ 4,566 846 891 769 858 3,364 328 333 299 313 1,273 825 794 730 781 3,130 15 12 11 11 49 $2,879 $3,191 $2,990 $3,322 $12,382 $ 47 $ 96 $ 98 $ 137 $ 378 105 110 105 88 408 51 48 45 45 189 47 32 23 38 140 6 3 8 2 19 $ 256 $ 289 $ 279 $ 310 $ 1,134 5.4% 8.3% 8.3% 10.1% 8.3% 12.4% 12.3% 13.7% 10.3% 12.1% 15.5% 14.4% 15.1% 14.4% 14.8% 5.7% 4.0% 3.2% 4.9% 4.5% 40.0% 25.0% 72.7% 18.2% 38.8% 8.9% 9.1% 9.3% 9.3% 9.2% $ (40) $ (37) $ (23) $ (29) $ (129) (35) (32) (28) (29) (124) (6) (4) (10) (5) (25) 15 2 — — 17 — — — — — (19) (34) (33) (40) (126) $ 171 $ 184 $ 185 $ 207 $ 747 4 3 8 3 18 — — — — — (15) (2) — — (17) $ 160 $ 185 $ 193 $ 210 $ 748 $ 0.75 $ 0.81 $ 0.82 $ 0.93 $ 3.30 $ 0.02 $ 0.01 $ 0.03 $ 0.01 $ 0.08 (0.07) (0.01) — — (0.08) — — — — — — — — — — $ 0.70 $ 0.81 $ 0.85 $ 0.94 $ 3.30 $ 872 $ 747 $ 795 $1,560 $ 3,974 823 822 793 871 3,309 328 326 302 357 1,313 740 562 832 866 3,000 14 15 13 13 55 $2,777 $2,472 $2,735 $3,667 $11,651 $ 3 $ (66) $ (29) $ 108 $ 16 115 118 119 110 462 26 37 40 49 152 9 (11) 58 55 111 3 4 1 2 10 $ 156 $ 82 $ 189 $ 324 $ 751 0.3% (8.8)% (3.6)% 6.9% 0.4% 14.0% 14.4% 15.0% 12.6% 14.0% 7.9% 11.3% 13.2% 13.7% 11.6% 1.2% (2.0)% 7.0% 6.4% 3.7% 21.4% 26.7% 7.7% 15.4% 18.2% 5.6% 3.3% 6.9% 8.8% 6.4% $ (14) $ (30) $ (28) $ (50) $ (122) (34) (37) (38) (36) (145) (39) (78) (7) (23) (147) — — — — — — (55) — — (55) (19) 26 (1) 21 27 $ 50 $ (92) $ 115 $ 236 $ 309 30 67 6 16 119 — 55 — — 55 — — — (8) (8) $ 80 $ 30 $ 121 $ 244 $ 475 $ 0.22 $ (0.40) $ 0.50 $ 1.03 $ 1.35 $ 0.13 $ 0.29 $ 0.03 $ 0.07 $ 0.52 — — — — — — 0.24 — — 0.24 — — — (0.04) (0.04) $ 0.35 $ 0.13 $ 0.53 $ 1.06 $ 2.07 SELECTED FINANCIAL STATISTICS 2021-2017 (Dollars in millions, except where noted and per share amounts) 2021 2020 2019 2018 2017 Income Statement Data Revenues Segment profit Corporate expenses and other, net Interest expense, net for Manufacturing Group Special charges Gain on business disposition Inventory charge Income tax expense (benefit) Effective tax rate Income from continuing operations Diluted EPS from continuing operations Special charges, net of tax Gain on business disposition, net of taxes Inventory charge, net of tax Tax benefit—TRU assets held for sale Income tax expense resulting from the Tax Cuts and Jobs Act Adjusted Diluted EPS—Non-GAAP1 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 Calculations—Manufacturing Group Net cash from operating activities of continuing operations—GAAP2 Less: Capital expenditures Dividends received from TFC Add: Total pension contributions Proceeds from an insurance recovery and the sale of property, plant and equipment Taxes paid on gain on business disposition Manufacturing cash flow before pension contributions—Non-GAAP2 Cash Flow Items—Manufacturing Group Depreciation and amortization Net proceeds from business disposition Net cash used in acquisitions 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) 1 Adjusted income from continuing operations and adjusted diluted earnings per share exclude special charges, 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. In addition, we have excluded certain impacts of the enterprise-wide restructuring plan on TRU Simulation + Training Canada Inc. (TRU Canada) that are not included within special charges, but are of a non-recurring nature and are not indicative of ongoing operations. At TRU Canada, an inventory charge is excluded as it relates to the write-down of inventory in connection with an action taken under the restructuring plan. In the fourth quarter of 2020, we reached a definitive agreement to sell TRU Canada, which resulted in the recognition of a tax benefit, and in the first quarter of 2021, TRU Canada was sold. The tax benefit and the after-tax gain are both excluded as they were incurred in connection with the enterprise-wide restructuring plan. The impact from the Tax Act is not considered to be indicative of ongoing operations, since it represents a significant one-time adjustment. 2 Manufacturing cash flow before pension contributions adjusts net cash from operating activities (GAAP) for the following: - Deducts capital expenditures and includes proceeds from insurance recoveries 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; - 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. $13,630 1,270 (110) (146) (72) — — (127) 13.5% $ 815 $ 3.50 — — 0.24 — — $ 3.74 $ 1,181 921 4,069 2,527 2,150 14,054 3,124 8,697 5,518 $ 960 (339) (50) 51 9 11 $ 642 $ 410 — (2) 49 (18) (503) 10,011 9.3% 8.5% 2.9x 26% $ 44.74 2% $ 0.08 35,000 389 $13,972 1,267 (119) (135) (73) 444 — (162) 11.7% $ 1,222 $ 4.83 0.22 (1.65) — — (0.06) $ 3.34 $ 987 1,024 3,818 2,615 2,218 13,247 3,066 8,246 5,192 $ 1,127 (369) (50) 52 14 10 $ 784 $ 429 807 (23) (5) (20) (1,783) 29,094 9.1% 9.1% 2.8x 29% $ 45.65 2% $ 0.08 35,000 399 $14,198 1,169 (132) (145) (130) — — (456) 59.8% $ 306 $ 1.14 0.32 — — — 0.99 $ 2.45 $ 1,079 1,363 4,150 2,721 2,364 14,171 3,088 8,740 5,647 $ 930 (423) — 358 7 — $ 872 $ 435 — (331) 288 (21) (582) 11,918 8.2% 9.4% 2.4x 26% $ 56.59 7% $ 0.08 37,000 384 $11,651 751 (122) (145) (147) — (55) 27 (9.6)% $ 309 $ 1.35 0.52 — 0.24 (0.04) — $ 2.07 $ 2,146 787 3,513 2,516 2,157 14,505 3,707 8,825 5,845 $ 833 (317) — 47 33 — $ 596 $ 386 — (15) 589 (18) (183) 4,145 6.4% 9.0% 2.5x 21% $ 48.33 6% $ 0.08 33,000 353 $12,382 1,134 (129) (124) (25) 17 — 126 14.4% $ 747 $ 3.30 0.08 (0.08) — — — $ 3.30 $ 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 — (524) (18) (921) 13,533 9.2% 9.9% 2.8x 16% $ 77.20 2% $ 0.08 33,000 375 12 TEXTRON 2021 FACT BOOK RETURN ON INVESTED CAPITAL (ROIC) Certain statements in this Fact Book 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; risks and uncertainties related to the impact of the COVID-19 pandemic on our business and operations and the potential impact of Russia’s invasion of, and continued military attacks on, Ukraine, on our business and operations; 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 Inventory charges, net of taxes Tax benefit—TRU assets held for sale Special income tax items ROIC Income Invested Capital at end of year Total shareholders’ equity1 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 Eliminate inventory charges, net of taxes Eliminate tax benefit—TRU assets held for sale Eliminate special income tax items Invested Capital at end of year, as adjusted Invested Capital at beginning of year Average Invested Capital Return on Invested Capital 2021 $ 747 94 (17) 18 — — — $ 842 $ 6,815 3,185 (1,922) (17) 18 — — — 8,079 7,406 $ 7,743 10.9% 2020 $ 309 107 — 119 55 (8) — $ 582 $ 5,845 3,707 (2,146) — 119 55 (8) — 7,572 7,461 $ 7,517 7.7% 1 We adopted ASU No. 2014-09, Revenue from Contracts with Customers, at the beginning of 2018 and recorded a $90 million adjustment to increase Shareholders’ Equity to reflect the cumulative impact of adoption, primarily related to certain long-term contracts that converted to the cost-to-cost method for revenue recognition. Under the modified retrospective transition method that we elected upon adoption, prior periods were not restated. 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, 3) special charges, 4) inventory charges and 5) operating results related to discontinued operations. In addition, ROIC income is adjusted to exclude the impact of one-time income tax items. 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, one-time income tax items and dispositions. 2019 2018 2017 $ 815 $1,222 $ 306 111 103 91 — (419) — 55 56 86 — — — — — — — (14) 266 $ 981 $ 948 $ 749 $5,518 $5,192 $ 5,647 3,124 3,066 3,088 (1,181) (987) (1,079) — (419) — 55 56 86 — — — — — — — (14) 266 7,516 6,894 8,008 7,271 7,656 7,214 $ 7,394 $7,275 $ 7,611 13.3% 13.0% 9.8% 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 Investors Eric Salander Vice President, Investor Relations & Treasurer esalander@textron.com (401) 457-2288 Cameron Vollmuth Manager, Investor Relations cvollmuth@textron.com (401) 457-2288 Banks and Rating Agencies Eric Salander Vice President, Investor Relations & 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 operating divisions which may be referred to in this Factbook as Textron businesses, business units, companies, operations, operating units or divisions. The subsidiaries are charged with the day-to-day responsibility for their operations and are separate and distinct legal entities. The operating divisions are also separately managed with regard to day-to-day operations. 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 several subsidiaries and operating divisions. Textron Aviation Inc., which has various subsidiaries, is wholly-owned by Textron Inc. The Textron Systems group of businesses includes Avco Corporation (“Avco”) which is an indirect 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., and E-Z-GO and Jacobsen are both operating divisions of Textron Inc. Textron Financial Corporation (“Textron Financial”) is a wholly-owned subsidiary of Textron Inc. Textron Financial consists of several subsidiaries and operating divisions. 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. Stock Exchange Listing Ticker Symbol – TXT Common Stock New York Stock Exchange Transfer Agent and Registrar American Stock Transfer & Trust Company, LLC Operations Center 6201 15th Avenue Brooklyn, NY 11219 (866) 621-2790 www.amstock.com Email: info@amstock.com Capital Stock (as of December 31, 2021) Common Stock: par value $0.125 per share 500,000,000 shares authorized 216,934,354 shares outstanding Dividends Common Stock Record dates: March 12, June 11, September 10 and December 10, 2021 Payable dates: April 1, July 1, October 1, 2021 and January 1, 2022 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 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. Share Ownership (As of December 2021) U.S. Institutions 79% Savings Plan/Directors/ Officers 10% Retail/Other 6% Foreign Institutions 5%