FOR IMMEDIATE RELEASE
CONTACTS: 	Textron Inc.	Woodward Governor Company
Mary Lovejoy (investors)	Steve Carter (investors)
(401) 457-6009	(815) 639-6800

Steve Capoccia (media)		Rick Holm (media)
(401) 457-2364			(815) 639-6218
		
WOODWARD GOVERNOR COMPANY TO ACQUIRE FUEL SYSTEMS TEXTRON

PROVIDENCE, RI, AND ROCKFORD, IL, JUNE 1, 1998--Textron Inc. 
(NYSE: TXT) and Woodward Governor Company (Nasdaq: WGOV) today 
announced a definitive agreement under which Woodward will 
purchase Textron's Fuel Systems subsidiary for $160 million in 
cash. The transaction, which is subject to the Hart-Scott-Rodino 
Act, is expected to be completed by the end of June.

With 1997 revenues of $82 million, Fuel Systems Textron (FST), 
designs, develops, and manufactures fuel injection nozzles, spray 
manifolds, and fuel metering and distribution valves for gas 
turbine engines.  FST serves the aircraft (military and 
commercial) and industrial engine markets, and also provides 
commercial repair and overhaul services. 

"This acquisition is an important step towards our long-term 
objective of broadening our aircraft product lines to include 
integrated fuel delivery systems in addition to components," said 
John A. Halbrook, Woodward's chairman and chief executive 
officer. "FST's innovative technology, large installed base, and 
excellent relationships with key engine manufacturers will 
complement our capabilities in fuel metering and control devices, 
and open possibilities for new products and revenue growth in 
both our aircraft and industrial markets," he added.

"Woodward's commitment to being a systems integrator in the 
aircraft market makes them an excellent fit for Fuel Systems," 
said Textron President and COO Lewis B. Campbell. "This sale 
provides us with additional capital to redeploy into our core 
businesses in support of our stated goal of double-digit revenue 
growth. Textron is well positioned to achieve this goal for the 
third year in a row in 1998," he added.



Woodward plans to finance the acquisition with a bank line of 
credit.  The transaction is expected to have minimal impact on 
fiscal 1998 results, and be non-dilutive to Woodward's earnings 
per share in the 1999 fiscal year.

Textron will record a gain from this transaction, which will be 
used to enhance the competitiveness and profitability of 
Textron's core businesses. Actions being considered include 
acquisitions integration activity and the combining of certain 
businesses and product lines. It is expected the costs associated 
with these actions will approximate the after-tax gain.

Woodward Governor Company, with fiscal 1997 sales of $442 
million, was founded in 1870 and provides innovative engine 
controls and fuel delivery systems designed for a wide variety of 
applications. Serving global markets with locations worldwide, 
the company is a leading producer of controls systems and 
components for aircraft and industrial engines and turbines. In 
addition to the aviation industry, the company's products and 
services are used in the marine, locomotive, large off-road 
vehicle, power generation, gas generation and process 
manufacturing industries. Woodward employs more than 3,400 
people.

Fuel Systems Textron Inc., based in Zeeland, MI, is a leading 
maker of fuel systems components for aircraft and industrial gas 
turbine engines with facilities located in Zeeland, MI; Harvard, 
IL; and Greenville, SC. FST employs over 440 people.

Textron Inc. is a $10.5 billion, global multi-industry company 
with market leading operations in Aircraft, Automotive, 
Industrial, and Finance.

The Woodward Governor Company  designs and manufactures engine 
fuel delivery and engine controls systems, subsystems and 
components. 

With corporate headquarters and a plant in Rockford, Illinois, 
USA, the company has additional plants in Fort Collins, Colorado; 
Loveland, Colorado; Rockton, Illinois; and Buffalo, New York, 
USA. It also has plants in Sydney, Australia; Campinas, Brazil; 
Tianjin, China; Reading, England; Aken, Germany; Kelbra, Germany; 
Ballabgarh, Haryana, India; Tomisato, Japan; Kobe, Japan; 
Hoofddorp, The Netherlands; Rotterdam, The Netherlands; 
Prestwick, Scotland; and Singapore.
 
WOODWARD GOVERNOR COMPANY
SERVING PRIME MOVER CONTROL AND ACCESSORY MARKETS
CORPORATE HEADQUARTERS     ROCKFORD, ILLINOIS  61125-7001   U.S.A.
ESTABLISHED 1870