TEXTRON INC — Director's Dealing 2006

Mar 1, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEXTRON INC (TXT)
CIK: 0000217346
Period of Report: 2006-02-27

Reporting Person: HOWELL MARY L (Executive VP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-02-27	Common Stock	M	32806	$45.5625	Acquired	54148	Direct
2006-02-27	Common Stock	S	32806	$88.8767	Disposed	21342	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-02-27	Employee stock option - right to buy	$45.5625	M	17500	Disposed	2010-12-12	Common Stock (17500)	Direct
2006-02-27	Employee stock option - right to buy	$45.5625	M	15306	Disposed	2010-12-12	Common Stock (15306)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4093.375	Indirect
Common Stock	272	Indirect

Footnotes

F1: Price reported is weighted average price per share of transaction effected at prices ranging from $88.80 to $89.10.

F2: Issued pursuant to the Textron 1999 Long-Term Incentive Plan.