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Textron Inc. Annual Report • 2013
Mr. Connor joined Textron inAugust 2009 as ExecutiveVice President andChief Financial Officer. Previously, Mr. Connor was
head of Telecom Investment Banking at Goldman, Sachs & Co from 2003 to 2008. Prior to that position, he served as Chief
Operating Officer of Telecom, Technology and Media Investment Banking at Goldman, Sachs from 1998 to 2003. Mr. Connor
joined the Corporate Finance Department of Goldman, Sachs in 1986 and became a Vice President in 1990 and a Managing
Director in 1996.
Ms. Johnsonwas named Executive Vice President, Human Resources in July 2012. Ms. Johnson joined Textron in 1996 and has
held various human resources leadership positions across Textron's businesses, including Senior Human Resources Business
Partner for Greenlee and Vice President of Human Resources for E-Z-GO, a position she held from 2006 until joining Bell in
2009. At Bell, she most recently served as Director of Talent and Organizational Development. Prior to Textron, Ms. Johnson
held roles in human resources, marketing and sales, and finance disciplines at several organizations, including IBM andHamilton
Sundstrand, aUnitedTechnologiesCompany.
Mr. Lupone joined Textron in February 2012 as Executive Vice President, General Counsel, Secretary and Chief Compliance
Officer. Previously, he was senior vice president and general counsel of Siemens Corporation (U.S.) since 1999 and general
counsel of Siemens AG for the Americas since 2008. Prior to joining Siemens in 1992, Mr. Lupone was vice president and
general counsel of PriceCommunicationsCorporation.
Available Information
We make available free of charge on our Internet Web site (
) our Annual Report on Form 10-K, Quarterly
Reports onForm 10-Q, Current Reports onForm8-K and amendments to those reports filed or furnished pursuant toSection 13(a)
or 15(d) of theSecurities ExchangeAct of 1934 as soon as reasonably practicable afterwe electronically file suchmaterial with, or
furnish it to, the Securities andExchangeCommission.
Forward-Looking Information
Certain statements in this Annual Report on Form 10-K and other oral and written statements made by us from time to time are
“forward-looking statements” within themeaning of the Private Securities LitigationReformAct of 1995. These forward-looking
statements, which may describe strategies, goals, outlook or other non-historical matters, or project revenues, income, returns or
other financial measures, often include words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “guidance,”
“project,” “target,” “potential,” “will,” “should,” “could,” “likely” or “may” and similar expressions intended to identify forward-
looking statements. These statements are only predictions and involve 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. Given
these uncertainties, you should not place undue reliance on these forward-looking statements. Forward-looking statements speak
only as of the date onwhich they aremade, andwe undertake noobligation to update or revise any forward-looking statements. In
addition to those factors described herein under “RISK FACTORS,” among the factors that could cause actual results to differ
materially frompast andprojected future results are the following:
•
Interruptions in theU.S. Government’s ability to fund its activities and/or pay its obligations;
•
Changing priorities or reductions in theU.S. Government defense budget, including those related tomilitary operations in
foreign countries;
•
Our ability to perform as anticipated and to control costs under contractswith theU.S. Government;
•
The U.S. Government’s ability to unilaterally modify or terminate its contracts with us for the U.S. Government’s
convenience or for our failure to perform, to change applicable procurement and accounting policies, or, under certain
circumstances, towithhold payment or suspend or debar us as a contractor eligible to receive future contract awards;
•
Changes in foreign military funding priorities or budget constraints and determinations, or changes in government
regulations or policies on the export and import ofmilitary and commercial products;
•
Volatility in the global economy or changes in worldwide political conditions that adversely impact demand for our
products;
•
Volatility in interest rates or foreign exchange rates;
•
Risks related to our international business, including establishing andmaintaining facilities in locations around theworld
and relying on joint venture partners, subcontractors, suppliers, representatives, consultants and other business partners in
connectionwith international business, including in emergingmarket countries;
•
Our Finance segment’s ability tomaintain portfolio credit quality or to realize full value of receivables;
•
Performance issueswithkey suppliers or subcontractors;
•
Legislative or regulatory actions, both domestic and foreign, impactingour operations or demand for our products;
•
Our ability to control costs and successfully implement various cost-reduction activities;
•
The efficacy of research and development investments to develop new products or unanticipated expenses in connection
with the launchingof significant newproducts or programs;
