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TEXTRON WILL REDEEM $46,797,000 OF ITS 9-1/4 PERCENT SUBORDINATED DEBENTURES DUE 2017

 PROVIDENCE, R.I., Nov. 3 /PRNewswire/ -- Textron, Inc. (NYSE: TXT) announced today that it will redeem $46,797,000 of the $130,000,000 principal amount outstanding of its 9-1/4 percent Subordinated Debentures due 2017. The redemption date will be Dec. 10, 1993. The redemption price will be 106.48 percent of the principal amount plus interest accrued to that date. The paying agent will be The Chase Manhattan Bank, N.A. The debentures to be redeemed will be selected by lot. The transfer books will be closed from the close of business today until the mailing of notices of redemption, on Nov. 10, 1993.
 Textron Inc. is a multi-industry company with operations in three business sectors -- Aerospace Technology, Commercial Products and Financial Services.
 -0- 11/3/93
 /CONTACT: Raymond W. Caine, Jr., vice president, corporate communications of Textron, 401-421-2800/
 (TXT)


CO: Textron, Inc. ST: Rhode Island IN: ARO SU:

DJ-JL -- NE005 -- 0228 11/03/93 14:40 EST
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Publication:PR Newswire
Date:Nov 3, 1993
Words:160
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