EXHIBIT 10.17

                             DIRECTOR STOCK AWARDS

         Each non-employee member of the Board of Directors receives 1,000
restricted shares of Textron Common stock upon joining the Board. Except in the
case of the Director's death or disability or a change in control of Textron,
the Director may not sell or transfer the shares until he or she has completed
all of his or her successive terms as a Director and at least five years of
Board service.