7/28/06 – Lindbergh-Lycoming Grant Established

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Lindbergh-Lycoming Grant Established

Lindbergh-Lycoming Grant is Created -??Lycoming Engines partners with the Lindbergh Foundation

Oshkosh, WI (EAA AirVenture) ??? July 28, 2006 ??? Lycoming Engines, a division of Avco Corporation, a wholly owned subsidiary of Textron Inc. (NYSE: TXT), is proud to announce a partnership with the Lindbergh Foundation, by creating the Lindbergh-Lycoming grant. This grant joins two organizations that have a vision for future advancements in technology as well as a passion for aviation. The grant is Lycoming Engines’ way of investing in the aviation community while supporting the profound work done by the Lindbergh Foundation.

“An important part of Lycoming’s mission is to continue our leadership role in aviation products and services through innovation and technology. Lycoming will meet or exceed the needs of our employees, customers, suppliers, shareholders, and our community. Innovation without regard to our environment is sub-optimal,” stated Ian Walsh, vice president and general manager. “Our partnership with the Lindbergh Foundation is a natural alliance to better serve our customers, grow our industry, and serve our community and environment.”

Lycoming Engines has been a leader in aviation for over seventy-five years and has produced over 325,000 piston engines to date. Lycoming has designed, engineered and manufactured piston aircraft engines for generations. With a mission to be known for its “products, innovation, and customer service,” Lycoming has recently introduced the Advanced Technology Center (ATC) at its Williamsport, Penn. facility. The ATC provides the test bed for new advancements in technology and research.

The Lindbergh Foundation aims to improve the long-term quality of all life by balancing technological advancements and the preservation of the environment. With a rich history in aviation, the Lindbergh Foundation and the Lindbergh Grants program have funded individuals who have put the concept of a nature/technology balance into action. Grant recipients receive up to $10,580 representing the cost to build the Spirit of St. Louis in 1927. To date, 269 men and women in the U.S. and abroad have received more than $2.6 million since the Lindbergh Grants program began.

About the Lindbergh Foundation

The Lindbergh Foundation is a public 501??(3) non-profit organization based in Minnesota that strives to improve the long-term quality of all life by balancing technological innovation and the preservation of our environment. Its programs are devoted to supporting, honoring, and educating individuals, through the annual honorary Lindbergh Award and the Lindbergh Grants program, which provides grants for research or education projects that will make important contributions to the technology/environment balance.

About Lycoming Engines

Lycoming Engines specializes in Engineering, Manufacture, Service and Support of piston aircraft engines. Headquartered in Williamsport, Pennsylvania, Lycoming piston engines power more than half of the world’s general aviation fleet ??? both rotary-wing and fixed-wing. Lycoming Engines is a division of Avco Corporation, a wholly owned subsidiary of Textron Inc. More information is available at www.lycoming.textron.com.

About Textron

Textron Inc. is a $10 billion multi-industry company operating in 33 countries with approximately 37,000 employees in continuing operations. The company leverages its global network of aircraft, 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 Aircraft, Jacobsen, Kautex, Lycoming, E-Z-GO and Greenlee, among others. More information is available at www.textron.com.