Textron Announces Mitch Snyder as President & CEO of Bell Helicopter

Textron Inc. (NYSE:TXT) today announced that Mitch Snyder has been named president & CEO of Bell Helicopter, succeeding John Garrison, who is joining Terex Corporation (NYSE:TEX) as its new president & CEO.

Snyder joined Bell Helicopter in 2004, and has held several leadership positions with the company, serving most recently as executive vice president of Military Business. With more than 30 years experience in the aerospace and defense industry, he is well prepared to build upon Bell’s legacy as a leading supplier of commercial and military rotorcraft worldwide. Throughout his career at Bell, Synder has led a number of the company’s most strategic initiatives, such as overall operation of Bell’s government business and direction of the V-22 Osprey program. Prior to joining Bell Helicopter, he held senior leadership positions with Lockheed Martin in areas of engineering, business and manufacturing.

Commenting on the leadership transition, Textron chairman & CEO Scott C. Donnelly said, “Mitch steps into the leadership position during one of the most exciting times in Bell’s history. He will focus on extending the great success we’ve built for established programs like the V-22 and H-1 military programs, while also growing our strong pipeline of new products such as the 525 Relentless, 505 Jet Ranger X and the V-280 Valor — to name just a few. We are also grateful for John Garrison’s years of leadership, and his diligence in driving so many improvements in our global rotorcraft business,” he added.

About Bell HelicopterBell Helicopter, a wholly owned subsidiary of Textron Inc., is an industry-leading producer of commercial and military, manned and unmanned vertical-lift aircraft and 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 120 countries.

About Textron Inc.Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, Textron Systems, and TRU Simulation + Training. For more information, visit www.textron.com.

Certain statements in this press release are forward-looking statements which may project revenues or describe strategies, goals, outlook or other non-historical matters; these 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. These statements are subject to 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.

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TextronInvestor Contact:Doug Wilburne, 401-457-2288orRobert Bridge, 401-457-2288orMedia Contact:David Sylvestre, 401-457-2362