Textron : Jacobsen To Be Combined With Textron Specialized Vehicles

AUGUSTA, Ga. - Textron Specialized Vehicles Inc. and Jacobsen, both Textron Inc. (NYSE: TXT) companies, will combine their operations by the close of 2017 in order to optimize efficiencies and better serve the companies' shared customers and distributors.

Jacobsen is a leading manufacturer of professional and 'prosumer' turf-care equipment under the Jacobsen®, Dixie Chopper® and Ransomes® brands. Textron Specialized Vehicles designs and manufactures several vehicle and equipment lines for commercial and consumer use, including E-Z-GO® golf cars and personal transportation vehicles, Cushman® commercial vehicles, Bad Boy® Off Road side-by-sides and ATVs, and TUG™, Douglas™, Premier™ and Safeaero™ ground support equipment to serve the aviation industry.

The marriage of the two companies will allow them to better serve their shared customers in golf and other industries, and operate more efficiently through a common supply chain and efficiencies of scale in manufacturing and back-office operations.

'The combination of Textron Specialized Vehicles and Jacobsen will be nimble, optimally sized, and well equipped to meet the evolving needs of our customers,' said Kevin Holleran, president and CEO of Textron Specialized Vehicles Inc. 'We are working carefully to ensure a seamless transition that is invisible to customers. We will maintain the level of support and service - before, during, and after the sale - that both Jacobsen and TSV customers expect and demand.'

As part of the integration, Jacobsen's operations in Charlotte, NC will relocate to TSV facilities in Augusta, Ga., with the first phase of relocation expected to be completed by the end of March, and all operations planned to be relocated by the close of 2017. Jacobsen's field sales and service teams will remain in place, and its operations in Coatesville, Ind. and Ipswich, U.K. will continue.

For more information about Jacobsen and its professional turf-care equipment, visit www.jacobsen.com. To learn more about Textron Specialized Vehicles brands and product lines, visit www.ezgo.com, www.cushman.com, www.badboyoffroad.com, and www.textrongse.com.

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Contact:
Brandon Haddock
Director, Communications
706.772.5931
bhaddock@textron.com

About Textron Specialized Vehicles Inc.

Textron Specialized Vehicles Inc. is a leading global manufacturer of golf cars, utility and personal transportation vehicles, professional turf-care equipment, and ground support equipment. Textron Specialized Vehicles markets products under the E-Z-GO®, Cushman®, Bad Boy® Off Road, Jacobsen®, Dixie Chopper®, Ransomes®, TUG™, Douglas™, Premier™ and Safeaero™ brands; Its vehicles are found in environments ranging from golf courses to factories, airports to planned communities, and theme parks to hunting preserves.

About Textron Inc.

Textron Inc. (NYSE: TXT) is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron in known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, Bad Boy Off Road and Textron Systems. More information is available at www.textron.com.

Certain statements in this press release may project revenues or describe strategies, goals, outlook or other non-historical matters; these forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update them. These statements are subject to 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.