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<title>As filed with the Securities and Exchange Commission on November 13</title>
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<b><font SIZE="2">
<p ALIGN="CENTER">As filed with the Securities and Exchange Commission on
November 13, 2002</p>
<p ALIGN="RIGHT">Registration No. 333&#45;_____</p>
</font></b><font SIZE="4">
<p ALIGN="CENTER">SECURITIES AND EXCHANGE COMMISSION</font><br>
</p>
<font SIZE="4">
<p ALIGN="CENTER">Washington, D.C. 20549<br>
</font>______________<br>
<b><font SIZE="5">FORM S&#45;8<br>
</font></b><font SIZE="4">REGISTRATION STATEMENT<br>
under<br>
THE SECURITIES ACT OF 1933<br>
</p>
</font><b><font SIZE="5">
<p ALIGN="CENTER">TEXTRON INC<br>
</font></b><font SIZE="2">(Exact Name of Registrant as Specified in Its Charter)</p>
</font>
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  <center>
<table CELLSPACING="1" CELLPADDING="1" WIDTH="590">
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><b>
      <p>Delaware<br>
      </b><font SIZE="2">(State or Other Jurisdiction of<br>
      Incorporation or Organization)</p>
      </font>
      <p ALIGN="JUSTIFY">&nbsp;</td>
    <td WIDTH="50%" VALIGN="TOP"><b>
      <p>05&#45;0315468<br>
      </b><font SIZE="2">(I.R.S. Employer<br>
      Identification No.)</font></td>
  </tr>
</table>
  </center>
</div>
<font SIZE="2">
<p ALIGN="JUSTIFY">&#160;&#160;&#160;&#160;&#160;&#160;</p>
</font><b><font SIZE="3">
<p ALIGN="CENTER">40 Westminster Street<br>
Providence, Rhode Island 02903<br>
</font></b><font SIZE="2">(Address of Principal Executive Offices) (Zip Code)</p>
</font><b><font SIZE="4">
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER">TEXTRON SAVINGS PLAN<br>
</font></b><font SIZE="2">(Full Title of the Plan)<br>
</p>
</font>
<p ALIGN="CENTER">Michael D. Cahn<br>
Senior Associate General Counsel &#45; Securities<br>
Textron Inc.<br>
40 Westminster Street<br>
Providence, Rhode Island 02903<br>
<font SIZE="2">(Name and Address of Agent for Service)<br>
</font><b>401&#45;421&#45;2800<br>
</b><font SIZE="2">(Telephone Number, Including Area Code, of Agent for Service)</p>
</font>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER">CALCULATION OF REGISTRATION FEE</p>
<font SIZE="3">
<p>&nbsp;</p>
</font>
<div align="center">
  <center>
<table CELLSPACING="1" CELLPADDING="1" WIDTH="590">
  <tr>
    <td WIDTH="22%" VALIGN="TOP"><font SIZE="1">
      <p ALIGN="CENTER">Title of Securities to be Registered</font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="1">
      <p ALIGN="CENTER">Amount to be Registered</font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="1">
      <p ALIGN="CENTER">Proposed Maximum Offering Price Per Share</font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="1">
      <p ALIGN="CENTER">Proposed Maximum Aggregate Offering Price</p>
      </font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="1">
      <p ALIGN="CENTER">Amount of Registration Fee</font></td>
  </tr>
  <tr>
    <td WIDTH="22%" VALIGN="TOP"><font SIZE="1">
      <p>Common Stock .125 per value</p>
      </font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="1">
      <p>12,500,000 shares</font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="1">
      <p>$41.945</font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="1">
      <p>$524,312,500</font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="1">
      <p>$48,236.75</font></td>
  </tr>
</table>
  </center>
</div>
<font SIZE="2">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">(1) Estimated in accordance with Rule 457(c) solely for the
purpose of calculating the registration fee, on the basis of the average of the
high and low prices per share of the Registrant&#39;s Common Stock on the
New York Stock Exchange Composite Tape on November 11, 2002.</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">In addition, pursuant to Rule 416(c) under the Securities Act
of 1933, this registration statement also covers an indeterminate amount of
interests to be offered or sold pursuant to the employee benefit plan described
herein.</p>
<p ALIGN="CENTER">&nbsp;</p>
</font><font SIZE="4">
<p ALIGN="CENTER">PART II<br>
INFORMATION REQUIRED IN THE<br>
REGISTRATION STATEMENT<br>
</p>
</font>
<p ALIGN="JUSTIFY">Item
3.&#160;&#160;&#160;&#160;&#160;&#160; Incorporation of
Documents by Reference</p>
<p ALIGN="JUSTIFY">&nbsp;<font SIZE="2">&#160;&#160;&#160;&#160;&#160;&#160;</font>The
following documents are incorporated by reference in this registration
statement:</p>
<p ALIGN="JUSTIFY">&nbsp;&#160;&#160;&#160;&#160;&#160;&#160;(a)&#160;&#160;&#160;&#160;&#160;&#160;Textron&#39;s
Annual Report on Form 10&#45;K for the fiscal year ended December 29, 2001
and the Textron Savings Plan&#39;s Annual Report on Form 11&#45;K for
the fiscal year ended December 31, 2001.</p>
<p ALIGN="JUSTIFY">&nbsp;&#160;&#160;&#160;&#160;&#160;&#160;(b)&#160;&#160;&#160;&#160;&#160;&#160;All
other reports filed pursuant to Section 13(a) or 15(d) of the Securities
Exchange Act of 1934 since the end of the fiscal year covered by the registrant
document referred to in (a) above.</p>
<p ALIGN="JUSTIFY">&nbsp;&#160;&#160;&#160;&#160;&#160;&#160;(c)&#160;&#160;&#160;&#160;&#160;&#160;The
descriptions of Textron&#39;s Common Stock and the associated Preferred
Stock Purchase Rights which are contained in registration statements filed under
the Securities Exchange Act of 1934, including any amendments or reports filed
for the purpose of updating such descriptions.</p>
<p ALIGN="JUSTIFY">&nbsp;&#160;&#160;&#160;&#160;&#160;&#160;All
documents subsequently filed by Textron and the Plan pursuant to Sections 13(a),
13(c), 14 and 15(d) of the Securities Exchange Act of 1934, prior to the filing
of a post&#45;effective amendment which indicates that all securities
offered hereby have been sold or which deregisters all securities remaining
unsold, shall be deemed to be incorporated by reference herein and to be a part
hereof from the date of the filing of such documents.</p>
<p ALIGN="JUSTIFY">&nbsp;Item 4. Descriptions of Securities</p>
<blockquote>
  <blockquote>
    <blockquote>
      <p ALIGN="JUSTIFY">&#160;&#160;&#160;&#160;&#160;&#160;Inapplicable</p>
    </blockquote>
  </blockquote>
</blockquote>
<p ALIGN="JUSTIFY">Item 5. Interests of Named Experts and Counsel</p>
<font SIZE="2">
<p ALIGN="JUSTIFY">&#160;&#160;&#160;&#160;&#160;&#160;</font>The
validity of the securities has been passed upon by Michael D. Cahn, Senior
Associate General Counsel&#45;Securities and Assistant Secretary for the
Company. Mr. Cahn is a full time employee of Textron Inc. and owns, and holds
options to purchase, shares of Textron Common Stock.</p>
<p ALIGN="JUSTIFY">Item 6. Indemnification of Directors and Officers</p>
<p ALIGN="JUSTIFY">&#160;&#160;&#160;&#160;&#160;&#160;As
authorized by Section 145 of the Delaware General Corporation Law, each director
and officer of Textron may be indemnified by Textron against expenses (including
attorney&#39;s fees, judgments, fines and amounts paid in settlement)
actually and reasonably incurred in connection with the defense or settlement of
any threatened, pending or completed legal proceedings in which he or she is
involved by reason of the fact that he or she is or was a director or officer of
Textron if he or she acted in good faith and in a manner that he or she
reasonably believed to be in or not opposed to the best interests of Textron and
with respect to any criminal action or proceeding, if he or she had no
reasonable cause to believe that his or her conduct was unlawful. If the legal
proceeding, however, is by or in the right of Textron, the director or officer
may not be indemnified in respect of any claim, issue or matter as to which he
or she shall have been adjudged to be liable to Textron unless and to the extent
that a court determines otherwise.</p>
<p ALIGN="JUSTIFY">&#160;&#160;&#160;&#160;&#160;&#160;Textron&#39;s
by&#45;laws require Textron to indemnify each officer and director to the
fullest extent permitted by law. In addition, Textron maintains
directors&#39; and officers&#39; liability policies.</p>
<p ALIGN="JUSTIFY">&#160;&#160;&#160;&#160;&#160;&#160;Article
Sixth of Textron&#39;s restated certificate of incorporation provides that,
to the fullest extent permitted by law, directors of Textron will not be liable
for monetary damages to Textron or its stockholders for breaches of their
fiduciary duties.</p>
<p ALIGN="JUSTIFY">Item 7. Exemption from Registration Claimed</p>
<p ALIGN="JUSTIFY">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Inapplicable.</p>
<p ALIGN="JUSTIFY">Item 8. Exhibits</p>
<p ALIGN="JUSTIFY">&#160;&#160;&#160;&#160;&#160;&#160;5&#160;&#160;&#160;&#160;&#160;&#160;Opinion
and Consent of Michael D. Cahn, Senior Associate General
Counsel&#45;Securities and Assistant Secretary of Textron.</p>
<blockquote>
  <blockquote>
          <p ALIGN="JUSTIFY">&#160;&#160;&#160;&#160;&#160;&#160;NOTE:&#160;&#160;&#160;&#160;&#160;&#160;The
          registrant will submit or has submitted the plan and any amendment
          thereto to the Internal Revenue Service (&quot;IRS&quot;) in a timely
          manner, and has made or will make all changes required by the IRS in
          order to qualify the plan.</p>
  </blockquote>
</blockquote>
<p ALIGN="JUSTIFY">23&#160;&#160;&#160;&#160;&#160;&#160;Consent
of Ernst & Young LLP.</p>
<p ALIGN="JUSTIFY">24&#160;&#160;&#160;&#160;&#160;&#160;Power
of Attorney.</p>
<p>Item 9. Undertakings</p>
<p ALIGN="JUSTIFY">&#160;&#160;&#160;&#160;&#160;&#160;The
undersigned registrant hereby undertakes:</p>
        <p ALIGN="JUSTIFY">&#160;&#160;&#160;&#160;&#160;&#160;(1)&#160;&#160;&#160;&#160;&#160;&#160;To
        file, during any period in which offers or sales are being made, a
        post&#45;effective amendment to this registration statement:</p>
<blockquote>
<p ALIGN="JUSTIFY">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(i)&#160;&#160;&#160;&#160;&#160;&#160;To
include any prospectus required by section 10(a)(3) of the Securities
Act of 1933;</p>
  <p ALIGN="JUSTIFY">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(ii)&#160;&#160;&#160;&#160;&#160;&#160;To
reflect in the prospectus any facts or events arising after the&#160;effective
date of the registration statement (or the most recent
post&#45;effective
amendment thereof) which, individually or in the&#160;aggregate,
represent a fundamental change in the information set&#160;for
in the registration statement;</p>
  <p ALIGN="JUSTIFY">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(iii)&#160;&#160;&#160;&#160;&#160;&#160;To
include any material information with respect to the plan of distribution
not previously disclosed in the registration statement or
any material change to such information in the registration statement;</p>
</blockquote>
<i>
<p ALIGN="JUSTIFY">Provided, however, </i>that paragraphs (1)(i) and (1)(ii) do
not apply if the registration statement is on Form S&#45;3 or Form
S&#45;8, and the information required to be included in a
post&#45;effective amendment by those paragraphs is contained in periodic
reports filed by the registrant pursuant to section 13 or section 15(d) of the
Securities Exchange Act of 1934 that are incorporated by reference in the
registration statement.</p>
<p ALIGN="JUSTIFY">&#160;&#160;&#160;&#160;&#160;&#160;(2)&#160;&#160;&#160;&#160;&#160;&#160;That,
for the purpose of determining any liability under the Securities Act of 1933,
each such post&#45;effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.</p>
<p ALIGN="JUSTIFY">&#160;&#160;&#160;&#160;&#160;&#160;(3)&#160;&#160;&#160;&#160;&#160;&#160;To
remove from registration by means of a post&#45;effective amendment any of
the securities being registered which remain unsold at the termination of the
offering.</p>
<p ALIGN="JUSTIFY">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The
undersigned registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act of 1933, each filing of the
registrant&#39;s annual report pursuant to Section 13(a) or Section 15(d) of
the Securities Exchange Act of 1934 (and, where applicable, each filing of an
employee benefit plan&#39;s annual report pursuant to Section 15(d) of the
Securities Exchange Act of 1934) that is incorporated by reference in the
registration statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.</p>
<p ALIGN="JUSTIFY">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Insofar
as indemnification for liabilities arising under the Securities Act of 1933 may
be permitted to directors, officers and controlling persons of the registrant
pursuant to the foregoing provisions, or otherwise, the registrant has been
advised that in the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Act and is,
therefore, unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by the registrant of expenses incurred
or paid by a director, officer or controlling person of the registrant in the
successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being
registered, the registrant will, unless in the opinion of its counsel the matter
has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Act and will be governed by the final adjudication of
such issue.</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="CENTER">&nbsp;</p>
<font SIZE="4">
<p ALIGN="CENTER">SIGNATURES</p>
</font>
<p>&#160;&#160;&#160;&#160;&#160;&#160;Pursuant to the
requirements of the Securities Act of 1933, the registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing
on Form S&#45;8 and has duly caused this Registration Statement to be signed
on its behalf by the undersigned, thereunto duly authorized, in the City of
Providence, and State of Rhode Island, on this 13th day of November, 2002.</p>
<div align="center">
  <center>
<table CELLSPACING="1" CELLPADDING="1" WIDTH="590">
  <tr>
    <td WIDTH="50%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="50%" VALIGN="TOP">&nbsp;</td>
  </tr>
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    <td WIDTH="50%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="50%" VALIGN="TOP">
      <p>TEXTRON INC.</p>
      <p>(Registrant)</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="50%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="RIGHT">&nbsp;</p>
      </font>
      <p ALIGN="RIGHT">By:</td>
    <td WIDTH="50%" VALIGN="TOP"><u>
      <p>s/ Michael D. Cahn<br>
      </u>Michael D. Cahn<br>
      Senior Associate General Counsel&#45;<br>
      Securities and Assistant Secretary</td>
  </tr>
</table>
  </center>
</div>
<p ALIGN="JUSTIFY">&#160;&#160;&#160;&#160;&#160;&#160;Pursuant
to the requirements of the Securities Act of 1933, this Registration Statement
has been signed below on the 13th day of November, 2002, by the following
persons in the capacities indicated.</p>
<div align="center">
  <center>
<table CELLSPACING="1" CELLPADDING="1" WIDTH="694">
  <tr>
    <td WIDTH="312" VALIGN="TOP" align="center"><b><u>
      <p ALIGN="CENTER">Name</u></b></td>
    <td WIDTH="72" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="290" VALIGN="TOP"><b><u>
      <p ALIGN="CENTER">Title</u></b></td>
  </tr>
  <tr>
    <td WIDTH="312" VALIGN="TOP" align="center">*&nbsp;</td>
    <td WIDTH="72" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="290" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="312" VALIGN="TOP" align="center">
      <p ALIGN="center">......................................................&#160;<br>
      (Lewis B. Campbell)</p>
    </td>
    <td WIDTH="72" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="290" VALIGN="TOP">
      <p>Chairman, President and Chief Executive Officer<br>
      (principal executive officer)<br>
      Director</td>
  </tr>
  <tr>
    <td WIDTH="312" VALIGN="TOP" align="center">&nbsp;</td>
    <td WIDTH="72" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="290" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="312" VALIGN="TOP" align="center">
      <p ALIGN="CENTER">*</td>
    <td WIDTH="72" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="290" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="312" VALIGN="TOP" align="center">
      <p ALIGN="CENTER">......................................................<br>
      (H. Jesse Arnelle)</td>
    <td WIDTH="72" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="290" VALIGN="TOP">
      <p><br>
      Director</td>
  </tr>
  <tr>
    <td WIDTH="312" VALIGN="TOP" align="center">&nbsp;</td>
    <td WIDTH="72" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="290" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="312" VALIGN="TOP" align="center">
      <p ALIGN="CENTER">*</td>
    <td WIDTH="72" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="290" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="312" VALIGN="TOP" align="center">
      <p ALIGN="center">.........................................................<br>
      (Teresa Beck)</p>
    </td>
    <td WIDTH="72" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="290" VALIGN="TOP">
      <p><br>
      Director</td>
  </tr>
  <tr>
    <td WIDTH="312" VALIGN="TOP" align="center">&nbsp;</td>
    <td WIDTH="72" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="290" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="312" VALIGN="TOP" align="center">
      <p ALIGN="CENTER">*</td>
    <td WIDTH="72" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="290" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="312" VALIGN="TOP" align="center">
      <p ALIGN="center">.........................................................&#160;<br>
      (R. Stuart Dickson)</p>
    </td>
    <td WIDTH="72" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="290" VALIGN="TOP">
      <p><br>
      Director</td>
  </tr>
  <tr>
    <td WIDTH="312" VALIGN="TOP" align="center">&nbsp;</td>
    <td WIDTH="72" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="290" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="312" VALIGN="TOP" align="center">
      <p ALIGN="CENTER">*</td>
    <td WIDTH="72" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="290" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="312" VALIGN="TOP" align="center">
      <p ALIGN="center">.........................................................&#160;<br>
      (Lawrence K. Fish)</p>
    </td>
    <td WIDTH="72" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="290" VALIGN="TOP">
      <p><br>
      Director</td>
  </tr>
  <tr>
    <td WIDTH="312" VALIGN="TOP" align="center">&nbsp;</td>
    <td WIDTH="72" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="290" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="312" VALIGN="TOP" align="center">
      <p ALIGN="CENTER">*</td>
    <td WIDTH="72" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="290" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="312" VALIGN="TOP" align="center">
      <p ALIGN="center">.........................................................&#160;&#160;<br>
      (Joe T. Ford)</p>
    </td>
    <td WIDTH="72" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="290" VALIGN="TOP">
      <p><br>
      Director</td>
  </tr>
</table>
  </center>
</div>
<div align="center">
  <center>
<table CELLSPACING="1" CELLPADDING="1" WIDTH="691">
  <tr>
    <td WIDTH="311" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="74" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="286" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="311" VALIGN="TOP">
      <p ALIGN="CENTER">*</td>
    <td WIDTH="74" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="286" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="311" VALIGN="TOP">
      <p ALIGN="CENTER">.........................................................<br>
      (Paul Gagn&#233;)</td>
    <td WIDTH="74" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="286" VALIGN="TOP">
      <p><br>
      Director</td>
  </tr>
  <tr>
    <td WIDTH="311" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="74" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="286" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="311" VALIGN="TOP">
      <p ALIGN="CENTER">*</td>
    <td WIDTH="74" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="286" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="311" VALIGN="TOP">
      <p ALIGN="CENTER">.........................................................<br>
      (John D. Macomber)</td>
    <td WIDTH="74" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="286" VALIGN="TOP">
      <p><br>
      Director</td>
  </tr>
  <tr>
    <td WIDTH="311" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="74" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="286" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="311" VALIGN="TOP">
      <p ALIGN="CENTER">*</td>
    <td WIDTH="74" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="286" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="311" VALIGN="TOP">
      <p ALIGN="CENTER">.........................................................<br>
      Lord Powell of Bayswater KCMG)</td>
    <td WIDTH="74" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="286" VALIGN="TOP">
      <p><br>
      Director</td>
  </tr>
  <tr>
    <td WIDTH="311" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="74" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="286" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="311" VALIGN="TOP">
      <p ALIGN="CENTER">*</td>
    <td WIDTH="74" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="286" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="311" VALIGN="TOP">
      <p ALIGN="CENTER">.........................................................<br>
      (Brian H. Rowe)</td>
    <td WIDTH="74" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="286" VALIGN="TOP">
      <p><br>
      Director</td>
  </tr>
  <tr>
    <td WIDTH="311" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="74" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="286" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="311" VALIGN="TOP">
      <p ALIGN="CENTER">*</td>
    <td WIDTH="74" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="286" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="311" VALIGN="TOP">
      <p ALIGN="CENTER">.........................................................<br>
      (Sam F. Segnar)</td>
    <td WIDTH="74" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="286" VALIGN="TOP">
      <p><br>
      Director</td>
  </tr>
  <tr>
    <td WIDTH="311" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="74" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="286" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="311" VALIGN="TOP">
      <p ALIGN="CENTER">*</td>
    <td WIDTH="74" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="286" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="311" VALIGN="TOP">
      <p ALIGN="CENTER">.........................................................<br>
      (Martin D. Walker)</td>
    <td WIDTH="74" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="286" VALIGN="TOP">
      <p><br>
      Director</td>
  </tr>
  <tr>
    <td WIDTH="311" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="74" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="286" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="311" VALIGN="TOP">
      <p ALIGN="CENTER">*</td>
    <td WIDTH="74" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="286" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="311" VALIGN="TOP">
      <p ALIGN="CENTER">.........................................................<br>
      (Thomas B. Wheeler)</td>
    <td WIDTH="74" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="286" VALIGN="TOP">
      <p><br>
      Director</td>
  </tr>
  <tr>
    <td WIDTH="311" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="74" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="286" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="311" VALIGN="TOP">
      <p ALIGN="CENTER">*</td>
    <td WIDTH="74" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="286" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="311" VALIGN="TOP">
      <p ALIGN="CENTER">.........................................................<br>
      (Theodore R. French )</td>
    <td WIDTH="74" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="286" VALIGN="TOP">
      <p><br>
      Executive Vice President and Chief Financial Officer (principal financial
      officer)</td>
  </tr>
  <tr>
    <td WIDTH="311" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="74" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="286" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="311" VALIGN="TOP">
      <p ALIGN="CENTER">*</td>
    <td WIDTH="74" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="286" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="311" VALIGN="TOP">
      <p ALIGN="CENTER">.........................................................<br>
      (Richard L. Yates)</td>
    <td WIDTH="74" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="286" VALIGN="TOP">
      <p><br>
      Vice President and Controller (principal accounting officer)</td>
  </tr>
  <tr>
    <td WIDTH="311" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="74" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="286" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="311" VALIGN="TOP">
      <p>*By:&#160;&#160;&#160;&#160;&#160;&#160;<u>/s/Michael
      D. Cahn</u></td>
    <td WIDTH="74" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="286" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="311" VALIGN="TOP">
      <p>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Michael
      D. Cahn</td>
    <td WIDTH="74" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="286" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="311" VALIGN="TOP">
      <p>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Attorney&#45;in&#45;fact</td>
    <td WIDTH="74" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="286" VALIGN="TOP">&nbsp;</td>
  </tr>
</table>
  </center>
</div>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&#160;&#160;&#160;&#160;&#160;&#160;Pursuant
to the requirements of the Securities Act of 1933, Textron Inc., as plan
administrator, has duly caused this Registration Statement to be signed on its
behalf by the undersigned, thereunto duly authorized, in the City of Providence,
and State of Rhode Island, on this 13th&nbsp; day of November, 2002.</p>
<div align="center">
  <center>
<table CELLSPACING="1" CELLPADDING="1" WIDTH="589">
  <tr>
    <td WIDTH="48%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="52%" VALIGN="TOP">
      <p>TEXTRON SAVINGS PLAN</td>
  </tr>
  <tr>
    <td WIDTH="48%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="52%" VALIGN="TOP">
      <p>(Plan)</td>
  </tr>
  <tr>
    <td WIDTH="48%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="52%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="48%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="52%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="48%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="52%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="48%" VALIGN="TOP">
      <p ALIGN="RIGHT">By:</td>
    <td WIDTH="52%" VALIGN="TOP"><u>
      <p ALIGN="JUSTIFY">/s/George E. Metzger</u></td>
  </tr>
  <tr>
    <td WIDTH="48%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="52%" VALIGN="TOP">
      <p ALIGN="JUSTIFY">George E. Metzger</td>
  </tr>
  <tr>
    <td WIDTH="48%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="52%" VALIGN="TOP">
      <p ALIGN="JUSTIFY">Vice President Human Resources</td>
  </tr>
  <tr>
    <td WIDTH="48%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="52%" VALIGN="TOP">
      <p ALIGN="JUSTIFY">and Benefits</td>
  </tr>
  <tr>
    <td WIDTH="48%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="52%" VALIGN="TOP">
      <p ALIGN="JUSTIFY">Textron Inc.</td>
  </tr>
</table>
  </center>
</div>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="CENTER">&nbsp;</p>
<font SIZE="4">
<p ALIGN="CENTER">EXHIBIT INDEX</p>
</font>
<p ALIGN="CENTER">&nbsp;</p>
<div align="center">
  <center>
<table CELLSPACING="1" CELLPADDING="1" WIDTH="693">
  <tr>
    <td WIDTH="253" VALIGN="TOP"><u>
      <p ALIGN="JUSTIFY">Exhibit No</u></td>
    <td WIDTH="426" VALIGN="TOP"><u>
      <p ALIGN="CENTER">Description</u></td>
  </tr>
  <tr>
    <td WIDTH="253" VALIGN="TOP">
      <p ALIGN="JUSTIFY">5</td>
    <td WIDTH="426" VALIGN="TOP">
      <p ALIGN="JUSTIFY">Opinion and Consent of Michael D. Cahn, Senior
      Associate General Counsel&#45;Securities and Assistant Secretary of
      Textron.</td>
  </tr>
  <tr>
    <td WIDTH="253" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="426" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="253" VALIGN="TOP">
      <p ALIGN="JUSTIFY">23</td>
    <td WIDTH="426" VALIGN="TOP">
      <p ALIGN="JUSTIFY">Consent of Ernst & Young LLP.</td>
  </tr>
  <tr>
    <td WIDTH="253" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="426" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="253" VALIGN="TOP">
      <p ALIGN="JUSTIFY">24</td>
    <td WIDTH="426" VALIGN="TOP">
      <p ALIGN="JUSTIFY">Power of Attorney.</td>
  </tr>
</table>
  </center>
</div>
<font SIZE="2">
<p ALIGN="JUSTIFY">&nbsp;</p>
</font>
<p ALIGN="JUSTIFY">&nbsp;</p>

</body>

</html>
[{"type": "S-8", "sequence": "1", "filename": "svgs.htm", "secsgml_size_bytes": 29847}]
{"company-data": {"conformed-name": "TEXTRON INC", "cik": "0000217346", "assigned-sic": "3720", "irs-number": "050315468", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-101183", "film-number": "02820380"}, "business-address": {"street1": "40 WESTMINSTER ST", "city": "PROVIDENCE", "state": "RI", "zip": "02903", "phone": "4014212800"}, "mail-address": {"street1": "40 WESTMINSTER ST", "city": "PROVIDENCE", "state": "RI", "zip": "02903"}, "former-company": {"former-conformed-name": "AMERICAN TEXTRON INC", "date-changed": "19710510"}}
As filed with the Securities and Exchange Commission on November 13
As filed with the Securities and Exchange Commission on
November 13, 2002
Registration No. 333-_____
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________
FORM S-8
REGISTRATION STATEMENT
under
THE SECURITIES ACT OF 1933
TEXTRON INC
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of
Incorporation or Organization)
05-0315468
(I.R.S. Employer
Identification No.)
40 Westminster Street
Providence, Rhode Island 02903
(Address of Principal Executive Offices) (Zip Code)
TEXTRON SAVINGS PLAN
(Full Title of the Plan)
Michael D. Cahn
Senior Associate General Counsel - Securities
Textron Inc.
40 Westminster Street
Providence, Rhode Island 02903
(Name and Address of Agent for Service)
401-421-2800
(Telephone Number, Including Area Code, of Agent for Service)
CALCULATION OF REGISTRATION FEE
Title of Securities to be Registered
Amount to be Registered
Proposed Maximum Offering Price Per Share
Proposed Maximum Aggregate Offering Price
Amount of Registration Fee
Common Stock .125 per value
12,500,000 shares
$41.945
$524,312,500
$48,236.75
(1) Estimated in accordance with Rule 457(c) solely for the
purpose of calculating the registration fee, on the basis of the average of the
high and low prices per share of the Registrant's Common Stock on the
New York Stock Exchange Composite Tape on November 11, 2002.
In addition, pursuant to Rule 416(c) under the Securities Act
of 1933, this registration statement also covers an indeterminate amount of
interests to be offered or sold pursuant to the employee benefit plan described
herein.
PART II
INFORMATION REQUIRED IN THE
REGISTRATION STATEMENT
Item
3.       Incorporation of
Documents by Reference
The
following documents are incorporated by reference in this registration
statement:
(a)      Textron's
Annual Report on Form 10-K for the fiscal year ended December 29, 2001
and the Textron Savings Plan's Annual Report on Form 11-K for
the fiscal year ended December 31, 2001.
(b)      All
other reports filed pursuant to Section 13(a) or 15(d) of the Securities
Exchange Act of 1934 since the end of the fiscal year covered by the registrant
document referred to in (a) above.
(c)      The
descriptions of Textron's Common Stock and the associated Preferred
Stock Purchase Rights which are contained in registration statements filed under
the Securities Exchange Act of 1934, including any amendments or reports filed
for the purpose of updating such descriptions.
All
documents subsequently filed by Textron and the Plan pursuant to Sections 13(a),
13(c), 14 and 15(d) of the Securities Exchange Act of 1934, prior to the filing
of a post-effective amendment which indicates that all securities
offered hereby have been sold or which deregisters all securities remaining
unsold, shall be deemed to be incorporated by reference herein and to be a part
hereof from the date of the filing of such documents.
Item 4. Descriptions of Securities
Inapplicable
Item 5. Interests of Named Experts and Counsel
The
validity of the securities has been passed upon by Michael D. Cahn, Senior
Associate General Counsel-Securities and Assistant Secretary for the
Company. Mr. Cahn is a full time employee of Textron Inc. and owns, and holds
options to purchase, shares of Textron Common Stock.
Item 6. Indemnification of Directors and Officers
As
authorized by Section 145 of the Delaware General Corporation Law, each director
and officer of Textron may be indemnified by Textron against expenses (including
attorney's fees, judgments, fines and amounts paid in settlement)
actually and reasonably incurred in connection with the defense or settlement of
any threatened, pending or completed legal proceedings in which he or she is
involved by reason of the fact that he or she is or was a director or officer of
Textron if he or she acted in good faith and in a manner that he or she
reasonably believed to be in or not opposed to the best interests of Textron and
with respect to any criminal action or proceeding, if he or she had no
reasonable cause to believe that his or her conduct was unlawful. If the legal
proceeding, however, is by or in the right of Textron, the director or officer
may not be indemnified in respect of any claim, issue or matter as to which he
or she shall have been adjudged to be liable to Textron unless and to the extent
that a court determines otherwise.
Textron's
by-laws require Textron to indemnify each officer and director to the
fullest extent permitted by law. In addition, Textron maintains
directors' and officers' liability policies.
Article
Sixth of Textron's restated certificate of incorporation provides that,
to the fullest extent permitted by law, directors of Textron will not be liable
for monetary damages to Textron or its stockholders for breaches of their
fiduciary duties.
Item 7. Exemption from Registration Claimed
Inapplicable.
Item 8. Exhibits
5      Opinion
and Consent of Michael D. Cahn, Senior Associate General
Counsel-Securities and Assistant Secretary of Textron.
NOTE:      The
          registrant will submit or has submitted the plan and any amendment
          thereto to the Internal Revenue Service ("IRS") in a timely
          manner, and has made or will make all changes required by the IRS in
          order to qualify the plan.
23      Consent
of Ernst & Young LLP.
24      Power
of Attorney.
Item 9. Undertakings
The
undersigned registrant hereby undertakes:
(1)      To
        file, during any period in which offers or sales are being made, a
        post-effective amendment to this registration statement:
(i)      To
include any prospectus required by section 10(a)(3) of the Securities
Act of 1933;
(ii)      To
reflect in the prospectus any facts or events arising after the effective
date of the registration statement (or the most recent
post-effective
amendment thereof) which, individually or in the aggregate,
represent a fundamental change in the information set for
in the registration statement;
(iii)      To
include any material information with respect to the plan of distribution
not previously disclosed in the registration statement or
any material change to such information in the registration statement;
Provided, however,
that paragraphs (1)(i) and (1)(ii) do
not apply if the registration statement is on Form S-3 or Form
S-8, and the information required to be included in a
post-effective amendment by those paragraphs is contained in periodic
reports filed by the registrant pursuant to section 13 or section 15(d) of the
Securities Exchange Act of 1934 that are incorporated by reference in the
registration statement.
(2)      That,
for the purpose of determining any liability under the Securities Act of 1933,
each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.
(3)      To
remove from registration by means of a post-effective amendment any of
the securities being registered which remain unsold at the termination of the
offering.
The
undersigned registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act of 1933, each filing of the
registrant's annual report pursuant to Section 13(a) or Section 15(d) of
the Securities Exchange Act of 1934 (and, where applicable, each filing of an
employee benefit plan's annual report pursuant to Section 15(d) of the
Securities Exchange Act of 1934) that is incorporated by reference in the
registration statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.
Insofar
as indemnification for liabilities arising under the Securities Act of 1933 may
be permitted to directors, officers and controlling persons of the registrant
pursuant to the foregoing provisions, or otherwise, the registrant has been
advised that in the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Act and is,
therefore, unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by the registrant of expenses incurred
or paid by a director, officer or controlling person of the registrant in the
successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being
registered, the registrant will, unless in the opinion of its counsel the matter
has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Act and will be governed by the final adjudication of
such issue.
SIGNATURES
Pursuant to the
requirements of the Securities Act of 1933, the registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing
on Form S-8 and has duly caused this Registration Statement to be signed
on its behalf by the undersigned, thereunto duly authorized, in the City of
Providence, and State of Rhode Island, on this 13th day of November, 2002.
TEXTRON INC.
(Registrant)
By:
s/ Michael D. Cahn
Michael D. Cahn
Senior Associate General Counsel-
Securities and Assistant Secretary
Pursuant
to the requirements of the Securities Act of 1933, this Registration Statement
has been signed below on the 13th day of November, 2002, by the following
persons in the capacities indicated.
Name
Title
*
......................................................
(Lewis B. Campbell)
Chairman, President and Chief Executive Officer
(principal executive officer)
Director
*
......................................................
(H. Jesse Arnelle)
Director
*
.........................................................
(Teresa Beck)
Director
*
.........................................................
(R. Stuart Dickson)
Director
*
.........................................................
(Lawrence K. Fish)
Director
*
.........................................................
(Joe T. Ford)
Director
*
.........................................................
(Paul Gagné)
Director
*
.........................................................
(John D. Macomber)
Director
*
.........................................................
Lord Powell of Bayswater KCMG)
Director
*
.........................................................
(Brian H. Rowe)
Director
*
.........................................................
(Sam F. Segnar)
Director
*
.........................................................
(Martin D. Walker)
Director
*
.........................................................
(Thomas B. Wheeler)
Director
*
.........................................................
(Theodore R. French )
Executive Vice President and Chief Financial Officer (principal financial
      officer)
*
.........................................................
(Richard L. Yates)
Vice President and Controller (principal accounting officer)
*By:
/s/Michael
      D. Cahn
Michael
      D. Cahn
Attorney-in-fact
Pursuant
to the requirements of the Securities Act of 1933, Textron Inc., as plan
administrator, has duly caused this Registration Statement to be signed on its
behalf by the undersigned, thereunto duly authorized, in the City of Providence,
and State of Rhode Island, on this 13th  day of November, 2002.
TEXTRON SAVINGS PLAN
(Plan)
By:
/s/George E. Metzger
George E. Metzger
Vice President Human Resources
and Benefits
Textron Inc.
EXHIBIT INDEX
Exhibit No
Description
5
Opinion and Consent of Michael D. Cahn, Senior
      Associate General Counsel-Securities and Assistant Secretary of
      Textron.
23
Consent of Ernst & Young LLP.
24
Power of Attorney.