E-Z-GO 2011 Annual Report Download - page 19

Mr. Butler joined Textron in July 1997 as Executive Vice President and Chief Human Resources Officer and became Executive
Vice President Administration and Chief Human Resources Officer in January 1999.
Mr. Connor joined Textron in August 2009 as Executive Vice President and Chief Financial Officer. Previously, Mr. Connor was
head of Telecom Investment Banking at Goldman, Sachs & Co from 2003 to 2008. Prior to that position, he served as Chief
Operating Officer of Telecom, Technology and Media Investment Banking at Goldman, Sachs from 1998 to 2003. Mr. Connor
joined the Corporate Finance Department of Goldman, Sachs in 1986 and became a Vice President in 1990 and a Managing
Director in 1996.
Mr. Lupone joined Textron in February 2012 as Executive Vice President, General Counsel, Secretary and Chief Compliance
Officer. Previously, he was senior vice president and general counsel of Siemens Corporation (U.S.) since 1999 and general
counsel of Siemens AG for the Americas since 2008. Prior to joining Siemens in 1992, Mr. Lupone was vice president and
general counsel of Price Communications Corporation.
Available Information
We make available free of charge on our Internet Web site (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 filed 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 file 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” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking
statements, which may describe strategies, goals, outlook or other non-historical matters, or project revenues, income, returns or
other financial measures, often include words such as “believe,” “expect,” “anticipate,” “intend”, “plan,” “estimate,” “guidance”,
“project”, “target”, “potential”, “will”, “should”, “could”, “likely” or “may” and similar expressions intended to identify forward-
looking statements. These statements are only predictions and involve 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. Given
these uncertainties, you should not place undue reliance on these forward-looking statements. 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. In
addition to those factors described herein under “RISK FACTORS,” factors that could cause actual results to differ materially
from past and projected future results are the following:
Changing priorities or reductions in the U.S. Government defense budget, including those related to military operations in
foreign countries;
Changes in worldwide economic or political conditions that impact demand for our products, interest rates or foreign
exchange rates;
Our ability to perform as anticipated and to control costs under contracts with the U.S. Government;
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, or, under certain
circumstances, to withhold payment or suspend or debar us as a contractor eligible to receive future contract awards;
Changes in foreign military funding priorities or budget constraints and determinations, or changes in government
regulations or policies on the export and import of military and commercial products;
Our Finance segment’s ability to maintain portfolio credit quality or to realize full value of receivables and of assets
acquired upon foreclosure of receivables;
Our ability to access the capital markets at reasonable rates;
Performance issues with key suppliers, subcontractors or business partners;
Legislative or regulatory actions impacting our operations or demand for our products;
Our ability to control costs and successfully implement various cost-reduction activities;
The efficacy of research and development investments to develop new products or unanticipated expenses in connection
with the launching of significant new products or programs;
The timing of our new product launches or certifications of our new aircraft products;
Our ability to keep pace with our competitors in the introduction of new products and upgrades with features and
technologies desired by our customers;
The extent to which we are able to pass raw material price increases through to customers or offset such price increases
by reducing other costs;
Increases in pension expenses or employee and retiree medical benefits;
Uncertainty in estimating reserves, including reserves established to address contingent liabilities, unrecognized tax
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8 Textron Inc. Annual Report • 2011