TEXTRON 2025 PROXY STATEMENT 27 Howmet Aerospace Inc., Huntington Ingalls Industries Inc., and TransDigm Group to the 2023 talent peer group and to remove The Goodyear Tire & Rubber Company, KBR, Inc., and Terex Corporation. These changes to the talent peer group increased the number of aerospace and defense companies in the peer group, while decreasing the companies in other industries, to better align the talent peer group with Textron’s current and expected future business focus. The table below lists the 2023 talent peer group companies and Textron showing fiscal 2022 revenues. The 2023 talent peer group was referenced in setting target direct compensation for 2024. 2023 Talent Peer Group Company Name Industry 2022 Revenue ($ in billions) General Dynamics Corporation Aerospace and Defense $39.4 Northrop Grumman Corporation Aerospace and Defense $36.6 Honeywell International Inc. Industrial Conglomerate $35.5 Lear Corporation Auto Components $20.9 Eaton Corporation Plc Electrical Equipment $20.8 L3Harris Technologies, Inc. Aerospace and Defense $17.1 Illinois Tool Works Inc. Machinery $15.9 Parker-Hannifin Corporation Machinery $15.9 Emerson Electric Co. Electrical Equipment $13.8 BorgWarner Inc. Auto Components $12.6 Huntington Ingalls Industries Inc. Aerospace and Defense $10.7 Oshkosh Corporation Machinery $8.3 Rockwell Automation Inc. Electrical Equipment $7.8 Howmet Aerospace, Inc. Aerospace and Defense $5.7 TransDigm Group Aerospace and Defense $5.4 Spirit AeroSystems Holdings, Inc. Aerospace and Defense $5.0 Textron Inc. Aerospace and Defense $12.9 ($ in billions) $20.8 $14.9 $8.2 75th Percentile Median 25th Percentile
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