E-Z-GO 2007 Annual Report Download - page 27

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Item 1. Business
and will be entitled to repayment of advance payments and progress payments related to the terminated portions of the contract; and (c) we may
be liable for excess costs incurred by the U.S. Government in procuring undelivered items from another source.
Research and Development
Information regarding our research and development expenditures is contained in Note 16 to the Consolidated Financial Statements on page 70
of this Annual Report on Form 10-K.
Patents and Trademarks
We own, or are licensed under, numerous patents throughout the world relating to products, services and methods of manufacturing. Patents
developed while under contract with the U.S. Government may be subject to use by the U.S. Government. We also own or license active trademark
registrations and pending trademark applications in the U.S. and in various foreign countries or regions, as well as trade names and service
marks. While our intellectual property rights in the aggregate are important to the operation of our business, we do not believe that any existing
patent, license, trademark or other intellectual property right is of such importance that its loss or termination would have a material adverse effect
on our business taken as a whole. Some of these trademarks, trade names and service marks are used in this Annual Report on Form 10-K and
other reports, including: AAI; AB Benzlers; AH-1Z; APCO; BA609; Bell/Agusta Aerospace Company, LLC; Bell Helicopter; Benzlers; Bravo;
Cadillac Gage; Caravan; Caravan 675; Caravan Amphibian; Cessna; Cessna 350; Cessna 400; Citation; Citation Encore+; CitationShares; Citation
X; Citation XLS+; Citation Sovereign; CJ1; CJ1+; CJ2; CJ2+; CJ3; CJ4; Cone Drive; Cushman; David Brown; Eclipse; Excel; E-Z-GO; Fairmont;
Fly Smart; Fly Bell; Gear Technologies; Global Technology Center; Grand Caravan; Greenlee; H-1; HR Textron; Huey II; Hydraulics; Hydreco;
Jacobsen; Kautex; Kiowa Warrior; Klauke Progressive; Lycoming; Maag; McCauley; Modular Affordable Product Lines; Mustang; Next Generation
Fuel System; Overwatch Systems; Paladin; PDCue; Polymer Systems; Powauto; Power Advantage; ProParts; Quick Draw Loan; Radicon;
Ransomes; Rothenberger LLC; RXV; Sensor Fuzed Weapon; SHADOW; Sovereign; SkyBOOKS; SkyPLUS; SkyCatcher; Skyhawk; Skyhawk SP;
Skyhawk TD; Skylane; ST 4X4; Stationair; Super Cargomaster; SuperCobra; SYMTX; TDCue; Tempo; Textron; Textron Business Services; Textron
Business Systems; Textron Defense Systems; Textron Financial Corporation; Textron Fluid & Power; Textron Marine & Land Systems; Textron Six
Sigma; Textron Systems; Turbo Skylane; Turbo Stationair; UAV SYSTEMS SPECIALIST; UH-1Y; Union Pump; US Helicopter; V-22 Osprey;
Vector; Vector Jetcard; XLS; 429; 429 Global Ranger; and 429 Light Twin. These marks and their related trademark designs and logotypes (and
variations of the foregoing) are trademarks, trade names or service marks of Textron Inc., its subsidiaries, affi liates or joint ventures.
Environmental Considerations
Our operations are subject to numerous laws and regulations designed to protect the environment. Compliance with these laws and expenditures
for environmental control facilities has not had a material effect on our capital expenditures, earnings or competitive position. Additional
information regarding environmental matters is contained in Note 15 to the Consolidated Financial Statements on pages 69 and 70 of this Annual
Report on Form 10-K.
Employees
At December 29, 2007, we had approximately 44,000 employees.
Available Information
We make available free of charge on our Internet website (www.textron.com) our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q,
Current Reports on Form 8-K and amendments to those reports fi led or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange
Act of 1934 as soon as reasonably practicable after we electronically fi le such material with, or furnish it to, the Securities and Exchange
Commission.
Forward-Looking Information
Certain statements in this Annual Report on Form 10-K and other oral and written statements made by us from time to time are forward-looking
statements, including those that discuss strategies, goals, outlook or other non-historical matters, or project revenues, income, returns or other
fi nancial measures. These forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to
update or revise any forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual
results to differ materially from those contained in the statements, including the following: (a) changes in worldwide economic and political
conditions that impact demand for our products, interest rates and foreign exchange rates; (b) the interruption of production at our facilities or our
customers or suppliers; (c) performance issues with key suppliers, subcontractors and business partners; (d) our ability to perform as anticipated
and to control costs under contracts with the U.S. Government; (e) the U.S. Government’s ability to unilaterally modify or terminate its contracts
with us for the U.S. Government’s convenience or for our failure to perform, to change applicable procurement and accounting policies, and,
under certain circumstances, to suspend or debar us as a contractor eligible to receive future contract awards; (f) changing priorities or reductions