Textron Financial Promotes Christine MacKay to Senior Vice President Operations & Chief Credit Officer for Asset Based Lending Business

Alpharetta, GA – June 9, 2008 — Textron Financial Corporation, a Textron Inc. (NYSE: TXT) company, announced that it has promoted Christine MacKay to senior vice president of operations and chief credit officer for the company's asset based lending business. In this role, MacKay will oversee the underwriting functions for the Business Credit and Commercial Finance divisions, as well as Finance Company Services and Healthcare Finance. She will also lead credit and operations for the company's asset based lending presence in Alpharetta, Georgia.

MacKay has held positions of increasing responsibility since joining Textron Financial in 1996. Starting as a credit analyst, she rose through the credit, underwriting, and operations functions, ultimately assuming the role of chief credit officer for Textron Financial's Revolving Credit Group in 2004. Prior to joining Textron Financial, she held underwriting and credit analyst positions with Sanwa Bank and a regional savings and loan institution, as well as a de novo bank providing commercial and consumer loans.

"Christine's asset based lending background coupled with her strong knowledge of the industries we serve will be instrumental in efforts to develop this area of our business and continue improving our customer's overall experience," said Robert Wagner, president of Textron Financial's asset based lending business.

MacKay earned her BA from Queen's University of Charlotte, North Carolina and her MBA from Georgia State University. She has completed Textron's Executive Leadership Program at the Thunderbird School of Global Management. In addition, MacKay is a Chartered Financial Analyst and a Six Sigma Black Belt, as well as an active member of the Commercial Finance Association and the CFA Society of Atlanta. She has also served as a co-president and board member of the Women's Finance Exchange.

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.