Shalov Stone Bonner & Rocco LLP Announces Class Action Against Textron Inc.

NEW YORK, NY--(Marketwire - August 17, 2009) - Shalov Stone Bonner & Rocco LLP announces that
a class action lawsuit was filed in the United States District Court for
the District of Rhode Island on behalf of purchasers of Textron Inc.
("Textron" or the "Company") (NYSE: TXT) securities between July 17, 2007
and January 29, 2009 (the "Class Period").

The complaint alleges that, throughout the Class Period, defendants
misrepresented or failed to disclose that: (1) Textron was accepting orders
for business-jets from an increasing number of customers who were startups
and/or financially distressed fleet operators who neither intended nor
possessed the resources to pay for or take delivery of aircraft during
2008-09 and beyond. This materially inflated Textron's "backlog" of
unfilled orders for its Cessna segment, which in turn materially overstated
its current financial condition and future prospects; (2) hundreds of
orders for future business-jet production reported as "backlog" at Cessna
were subject to deferral and cancellation, causing Textron to overstate its
projected fiscal 2008-09 business-jet production and to initiate production
cutbacks and worker reduction programs, thereby eroding its revenues and
earnings; (3) Textron's Finance segment incurred material losses in the
fair market value of its finance receivables and other financial assets,
which were omitted from or misrepresented in Textron's periodic reports of
earnings and income; and (4) in light of Textron's Finance segment's losses
and the additional debt the Company would incur, Textron's credit ratings
were deteriorating.

On January 29, 2009, Textron announced that its Cessna segment would incur
an estimated $30 million in "restructuring" costs due to production
cutbacks and worker layoffs planned for the first quarter of 2009. On this
news, the price of Textron's common stock fell 31%.

Shalov Stone Bonner & Rocco LLP has extensive experience in the prosecution
of lawsuits on behalf of investors. For more information about the firm,
please visit its website at: www.lawssb.com

If you purchased Textron securities and would like additional information
about your rights, please contact investor rights attorney Amanda C.
Scuder, at Shalov Stone Bonner & Rocco LLP, 485 Seventh Avenue, Suite 1000,
New York, New York 10018 (telephone: (212) 239-4340; email:
ascuder@lawssb.com).

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