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"Stuart brings a wealth of experience in setting strategies to foster both organic and acquisitive growth as well as increase profitability. Textron Systems has grown substantially over recent years, and we expect to continue that growth at an aggressive pace," said Tempesta. "In his role at Textron Systems, Stuart will help guide that growth going forward as we continue to focus on meeting our customers needs."
Grief joins Textron Systems from Textron's Corporate office, where he was vice president of Strategy and Business Development. In that role, Grief helped shape Textron's business and market strategies in order to drive maximum return on invested capital and value. Prior to joining Textron in 2004, Grief spent 14 years with the Boston Consulting Group (BCG). As a BCG vice president and director as well as a senior member of its Industrial Goods and Automotive practices and a leader of the Corporate Finance and Strategy practice, he worked with clients to perfect their portfolios, operations and related strategies.
Grief has a bachelor's degree with honors in Economics and Computer Science from Brandeis University and a master's degree from the Massachusetts Institute of Technology Sloan School of Management.
About Textron Systems
Textron Systems Corporation has been providing innovative solutions to the defense, homeland security and aerospace communities for over 50 years. Known for its precision smart weapons, intelligent battlefield systems, surveillance systems, intelligence software solutions, aircraft control components, piston engines, armored vehicles and unmanned aircraft systems, Textron Systems includes AAI, HR Textron, Lycoming Engines, Overwatch Tactical Operations, Overwatch Geospatial Operations, Textron Defense Systems and Textron Marine & Land Systems. Textron Systems Corporation is an indirect subsidiary of Textron Inc. More information is available at www.textronsystems.com.
About Textron Inc.
Textron Inc. is a $13.2 billion multi-industry company operating in 34 countries with approximately 44,000 employees. The company leverages its global network of aircraft, defense and intelligence, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, Fluid & Power, Textron Systems and Textron Financial Corporation. More information is available at www.textron.com.
SOURCE: Textron Systems
Textron Investor Contact Doug Wilburne, 401-457-2288 or Bill Pitts, 401-457-2288 or Media Contact: Karla Cuculi, 978-604-8953 or Karen Gordon Quintal, 401-457-2362
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