Textron 2020 Proxy Statement

30 TEXTRON 2020 PROXY STATEMENT PERFORMANCE ANALYSIS Which Companies Does the Committee Use to Compare Our Performance? The table below shows the list of performance peer group companies; checkmarks in the columns under Textron’s manufacturing segments mean that the peer company competes in some way, or operates in similar industries, with that segment. 2019 Performance Peer Group The Boeing Company $101.1 3 3 3 United Technologies Corporation 66.5 3 3 3 3 Lockheed Martin Corporation 53.8 3 3 Honeywell International Inc. 41.8 3 3 3 Deere & Company 37.4 3 General Dynamics Corporation 36.2 3 3 3 Northrop Grumman Corporation 30.1 3 Raytheon Company 27.1 3 Eaton Corporation Plc 21.6 3 3 3 3 Lear Corporation 21.1 3 Ingersoll-Rand Plc 15.7 3 Parker-Hannifin Corporation 14.3 3 3 3 3 BorgWarner Inc. 10.5 3 L3Harris Technologies, Inc. 6.2 3 3 Textron Inc. 14.0 3 3 3 3 Company Name 2018 Revenue ($ in billions) Aviation Bell Industrial Systems The foregoing performance peer group reflects one change from the 2018 Performance Peer Group reported in the 2019 proxy statement which is the replacement of L3 Technologies, Inc. and Harris Corporation with L3Harris Technologies, Inc., the survivor of the merger of the two companies. The 2019 performance peer group will be used to measure relative TSR performance for the 2019-2021 PSU awards granted to NEOs in 2019.