Textron Inc (TXT) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 28, 2013

Exhibit 99.1

Providence, Rhode Island — January 22, 2014

Full-year income from continuing operations was $1.75 per share, compared to $1.97 in 2012. Full-year revenues were $12.1 billion, down one percent.  Manufacturing cash flow before pension contributions was $256 million, compared to $793 million in 2012.

Textron’s consolidated net debt ended the year at $1.98 billion, down $598 million from the end of 2012.

“Overall, we had a good fourth quarter to close out the year, with revenue growth at Cessna, Bell and Industrial and solid cash generation across all of our businesses,” said Textron Chairman and CEO, Scott C. Donnelly.

Outlook

Textron is forecasting 2014 revenues of approximately $13.2 billion, up about 9% from 2013.  Earnings per share from continuing operations are expected to be in the range of $2.00 to $2.20.  Cash flow from continuing operations of the manufacturing group before pension contributions is estimated to be between $600 and $700 million with planned pension contributions of about $80 million. These projections do not include the impact of the planned acquisition of Beechcraft, which is expected to close during the first half of the year.

Donnelly continued, “2013 was an important year with significant new product introductions and investments for future growth of our businesses.  Our 2014 outlook reflects the benefits of those efforts and we will continue to make investments necessary to support ongoing growth and create long-term shareholder value.”