Textron Financial Marine Division Announces Contract Extension with Independent Boat Builders, Inc.
Preferred Lender Relationship Continues through 2012

Golden Valley, MN – May 27, 2008 — Textron Financial Corporation, a Textron Inc. (NYSE: TXT) company, announced today that its Marine Division signed a four-year contract extension with Independent Boat Builders, Inc. (IBBI), to continue serving as the organization's preferred lender. The extension provides floorplan financing through the year 2012 to IBBI's membership of 28 boat manufacturers.

"Extending our relationship with IBBI is a great opportunity to build upon a shared understanding and optimism for the future of the marine industry," said Russell Baqir, president of Textron Financial's Marine Division. "IBBI is a valued customer in our marine growth strategy, ensuring we remain focused on what manufacturers and dealers in this industry need from their lender. We look forward to working with the IBBI membership as their preferred financing source over the next four years."

IBBI President Tom Broy said, "IBBI and our member-owners are very pleased to be continuing our relationship with Textron Financial. Over the last three years, Textron has committed to being so much more than just another lender to our members. Their enthusiasm and devotion to our group have been instrumental in growing our program and achieving this new four-year contract. Even though the market has been declining, our volume of business with Textron has exploded over the past few years. With this new program, I see that trend only continuing."

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.