Textron Financial Names Patricia Hollis Program Development Officer
for Vendor Finance

Alpharetta, GA, USA – July 14, 2008 — Textron Financial Corporation, a Textron Inc. (NYSE: TXT) company, announced today that it has added Patricia Hollis as vice president, program development and management for its Vendor Finance Division.  In this role, Hollis will assume responsibility for building and managing manufacturer programs within the construction segment. 

“Patricia is a skilled business development leader who excels at providing manufacturers the right combination of market-driven products and services,” said Vincent Faino, president of the Vendor Finance Division. “We are augmenting our leadership team with an expert in construction equipment finance and vendor relationship management.  She will be a great asset as we continue to gain momentum in the marketplace and grow our leasing and finance volume.”

Hollis joined Textron Financial from Alter Moneta Corporation where she assisted in the development of their Vendor Group and established productive vendor programs. She also served as director of financial services for the Terex Corporation, where she developed and implemented national sales strategies, plans, and marketing programs that resulted in increased leasing penetration throughout their dealer network. Hollis has also worked for NationsCredit Commercial Corporation, as well as DaimlerChrysler Capital Services, where she participated in the global structuring and expansion of the construction and industrial team.

The Vendor Finance Division develops and manages vendor-based equipment leasing relationships across multiple industries, oversees Textron Financial’s golf equipment financing business, and pursues construction and agricultural equipment financing opportunities in the U.S. and Canada. The division is based in Alpharetta, Georgia, USA.

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.