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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000217346-06-000054.txt : 20060601
<SEC-HEADER>0000217346-06-000054.hdr.sgml : 20060601
<ACCEPTANCE-DATETIME>20060601080655
ACCESSION NUMBER:		0000217346-06-000054
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20060601
ITEM INFORMATION:		Entry into a Material Definitive Agreement
FILED AS OF DATE:		20060601
DATE AS OF CHANGE:		20060601

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TEXTRON INC
		CENTRAL INDEX KEY:			0000217346
		STANDARD INDUSTRIAL CLASSIFICATION:	AIRCRAFT & PARTS [3720]
		IRS NUMBER:				050315468
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-05480
		FILM NUMBER:		06878521

	BUSINESS ADDRESS:	
		STREET 1:		40 WESTMINSTER ST
		CITY:			PROVIDENCE
		STATE:			RI
		ZIP:			02903
		BUSINESS PHONE:		4014212800

	MAIL ADDRESS:	
		STREET 1:		40 WESTMINSTER ST
		CITY:			PROVIDENCE
		STATE:			RI
		ZIP:			02903

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERICAN TEXTRON INC
		DATE OF NAME CHANGE:	19710510
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>eightk.htm
<TEXT>
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<head>

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<body>

<b>
<p ALIGN="RIGHT"></p>
<p ALIGN="CENTER">UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
Washington, D.C. 20549</p>
</b>
<font SIZE="6"><b>
<p ALIGN="CENTER">FORM 8&#45;K</p>
</b></font>
<b><font SIZE="4">
<p ALIGN="CENTER">CURRENT REPORT</p>
</font>
<p ALIGN="CENTER">Pursuant to Section 13 or 15(d) of the Securities Exchange Act
of 1934</p>
</b>
<u>
</u>
<p ALIGN="CENTER">Date of Report (Date of earliest event reported): May 31, 2006</p>
<b><font SIZE="6">
<p ALIGN="CENTER">TEXTRON INC.</p>
</font><font SIZE="4">
</font></b>
<p ALIGN="CENTER">(Exact name of Registrant as specified in its charter)</p>
<div align="center">
	<table  width="84%" id="table1">
		<tr>
			<td width="228">Delaware</td>
			<td width="15">&nbsp;</td>
			<td align="center" width="268">&nbsp;I-5480</td>
			<td>&nbsp;</td>
			<td width="203">05-0315468</td>
		</tr>
		<tr>
			<td width="228">(State of </td>
			<td width="15">&nbsp;</td>
			<td align="center" width="268">(Commission File Number.)</td>
			<td>&nbsp;</td>
			<td width="203">(IRS Employer </td>
		</tr>
		<tr>
			<td width="228">Incorporation)</td>
			<td width="15">&nbsp;</td>
			<td align="center" width="268">&nbsp;</td>
			<td>&nbsp;</td>
			<td width="203">Identification Number)</td>
		</tr>
	</table>
</div>
<p ALIGN="CENTER">40 Westminster Street, Providence, Rhode Island
02903<br>
(Address of principal executive offices)</p>
<p ALIGN="CENTER">Registrant&#39;s telephone number, including area code: (401)
421&#45;2800</p>
<font SIZE="2">
<p>&nbsp;</p>
</font>
<p>Check the appropriate box below if the Form 8&#45;K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instructions A.2. below):</p>
<p>[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)</p>
<p>[ ] Soliciting material pursuant to Rule 14a&#45;12 under the Exchange Act
(17 CFR 240.14a&#45;12)</p>
<p>[ ] Pre&#45;commencement communications pursuant to Rule 14d&#45;2(b) under
the Exchange Act (17 CFR 240.14d&#45;2(b)</p>
<p>[ ] Pre&#45;commencement communications pursuant to Rule 13e&#45;4(c)) under
the Exchange Act (17 CFR 240.13e&#45;4(c))</p>
<b>
<p>Item 1.01&#160;&#160;&#160;&#160;&#160;Entry into a Material Definitive
Agreement </p>
</b>
<p>&#160;&#160;&#160;&#160;&#160;&nbsp;&nbsp;&nbsp; On May 31, 2006, Textron Inc. (&quot;Textron&quot;) and TFS Acquisition Corporation (&quot;Purchaser&quot;) entered into a Purchase Agreement (the
&quot;Purchase Agreement&quot;) pursuant to which Textron and certain subsidiaries of
Textron will sell to Purchaser substantially all of Textron&#39;s fastening
systems business (the business being sold is referred to herein as the &quot;FS
Business&quot; and the transaction pursuant to which the FS Business will be sold is
referred to herein as the &quot;Transaction&quot;). Purchaser is an investment vehicle
formed for purposes of the Acquisition by Platinum Equity.</p>
<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Purchase Agreement provides that Textron will, or will cause its
applicable subsidiaries, (i) to sell to Purchaser the shares of capital stock
and LLC interests in the subsidiaries of Textron that conduct the FS Business
and
(ii) to transfer certain intellectual property used by the FS Business. The
purchase price for the FS Business will consist of the following: (i) a cash
amount of $630 million, subject to adjustment based upon changes in the net
asset value, net debt and cash of the FS Business and (ii) assumption of certain
liabilities of Textron related to the FS Business. Textron will retain certain
pre-closing liabilities of the FS Business. </p>
<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Transaction is subject to satisfaction or waiver of certain closing
conditions, including, among other things, (i) the termination or expiration of
the waiting period under the Hart&#45;Scott&#45;Rodino Antitrust Improvements
Act of 1976, (ii) receipt of other regulatory approvals, including a clearance
statement from the U.K. Pensions Regulator in respect of a U.K. pension plan,
and (iii) no material adverse change having occurred to the business,
properties, financial condition or results of operations of the FS Business. The
Purchase Agreement may be terminated upon the occurrence of certain events,
including the failure to complete the Transaction by December 31, 2006.</p>
<p>The Purchase Agreement contains customary representations, covenants and
indemnification obligations. Following the closing of the Transaction, Textron
will provide, or cause to be provided, certain transition services to the
Purchaser for a period of time. </p>
<em><font FACE="Verdana">
<p>Forward&#45;looking Information: Certain statements in this report are
forward&#45;looking statements, including those that discuss&#160;the potential
Transaction; strategies, goals, outlook or other non&#45;historical matters; or
project revenues, income, returns or other financial measures. These
forward&#45;looking statements speak only as of the date on which they are made,
and we undertake no obligation to update or revise any forward&#45;looking
statements. These forward&#45;looking statements are subject to risks and
uncertainties that may cause actual results to differ materially from those
contained in the statements, including (a) transaction conditions not being
satisfied, (b)&#160; not receiving regulatory and related approvals&#160;and (c)
purchasing parties not being able to complete the transactions.</p>
</font></em>
<p align="center">SIGNATURES</p>
<p>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.</p>
<table width="100%" id="table2">
	<tr>
		<td>&nbsp;</td>
		<td width="498">TEXTRON INC.</td>
	</tr>
	<tr>
		<td>&nbsp;</td>
		<td width="498">(Registrant)</td>
	</tr>
	<tr>
		<td>&nbsp;</td>
		<td width="498">&nbsp;</td>
	</tr>
	<tr>
		<td>&nbsp;</td>
		<td width="498">&nbsp;<font SIZE="3"><u>/s/
John R. Curran</u></font></td>
	</tr>
	<tr>
		<td>&nbsp;</td>
		<td width="498">By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;John R. Curran</td>
	</tr>
	<tr>
		<td>&nbsp;</td>
		<td width="498">
		<blockquote>
			<p>Vice President Mergers &amp; Acquisitions</p>
		</blockquote>
		</td>
	</tr>
</table>
<p>Date: June 1, 2006 </p>

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