Textron Financial Appoints Jeff Johnson Senior Vice President, General Manager of Technology Finance Division

Providence, RI – May 22, 2008 — Textron Financial Corporation, a Textron Inc. (NYSE: TXT) company, announced the promotion of Jeff Johnson to senior vice president and general manager of the company?s Technology Finance Division. In this role, he will oversee the division's inventory and accounts receivable financing activities which are focused specifically on the information technology industry. Johnson will report to John Durnien, executive vice president of the Distribution Finance Group, which includes the Technology Finance Division. He will also serve on the company's Executive Committee.

"Jeff's expertise in the areas of operations, portfolio management, credit and business development have been a tremendous asset to the performance of each business with which he has been associated," said Durnien. "This experience, coupled with his lean mindset, clear strategic vision, effective management style and passion for the customer uniquely qualify him as a business leader."

Johnson joined Textron Financial in 2002 and has held positions of increasing responsibility, including vice president operations for the company's Housing Division. Most recently, he served as a Six Sigma Master Black Belt, leading the team of Black Belts assigned to Textron Financial's Distribution Finance Group, which represents roughly 38% of the company's portfolio. He was the first Textron Financial Black Belt to win the Top Gun Award, the highest recognition within Textron's Six Sigma community, for a project that also garnered a Textron Chairman's Award for Innovation, Textron's premier internal accolade.

Prior to joining Textron Financial, Johnson held senior level operations and sales positions with ITT Commercial Finance, Deutsche Financial and Green Tree Financial. He earned a BS in math and statistics from the University of California, Riverside and received his MBA from the University of Phoenix.

About Textron Financial

Textron Financial is a diversified commercial finance company with more than $11 billion in managed receivables. It has core businesses in Aviation Finance, Asset-Based Lending, Distribution Finance, Golf Finance, Resort Finance, and Structured Capital. Textron Financial also provides financing programs for products manufactured by its parent company, Textron Inc. Additional information about the company is available at www.textronfinancial.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.