Textron Financial: Newsroom: Press Release - Textron Financial Announces Vendor Finance Division

A diversified commercial finance company providing finance programs for Textron manufactured products.

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Textron Financial Announces Vendor Finance Division
Vincent Faino Named as Division President

Providence, RI – January 9, 2008 — Textron Financial Corporation, a Textron Inc. (NYSE: TXT) company, has established a stand-alone Vendor Finance Division to develop and manage vendor-based equipment leasing relationships across multiple industries. Vendor Finance will oversee the company’s current golf and turf equipment financing business, while also initially pursuing construction and agricultural equipment opportunities throughout the United States and Canada. The division is based out of the company’s office in Alpharetta, Georgia.

“Vendor finance is a strong growth area for Textron Financial and we aim to become a key provider of vendor financing to the industry,” said Jay Carter, Textron Financial president and COO. “We know that our current and prospective customers are exploring vendor financing options in the marketplace. To pursue these opportunities, we have created the Vendor Finance Division with dedicated resources and top-notch leadership.”

The company has appointed industry veteran Vincent Faino as president of its Vendor Finance Division. Faino has extensive experience in the equipment leasing field and in the development of vendor finance businesses. Before joining Textron Financial, he was director and executive vice president of CitiCapital’s Business Technology Finance Division, where he was responsible for the manufacturer/dealer segment of the company. Prior to CitiCapital, he held positions of increasing authority within leasing companies, culminating in his role as the president of American Equipment Leasing, a unit of ABN AMRO, N.V., where he grew assets from approximately $190 million to over $970 million in a four-year period.

About Textron Financial
Textron Financial is a diversified commercial finance company with $10 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
Textron Inc. is an $11 billion multi-industry company operating in 32 countries with approximately 40,000 employees. The company leverages its global network of aircraft, 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.