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Providence, RI – September 28, 2007 – Textron Financial Corporation, a subsidiary of Textron Inc. (NYSE: TXT) has finalized the arrangement of a $400 million construction and development loan for Westgate Resorts, a leader in the resort and timeshare industry.  Textron Financial teamed with a co-lender and other participants to enable Westgate’s building plans for the Planet Hollywood Towers by Westgate in Las Vegas, Nevada.  Planned for completion in fall 2009, the 50-story vacation ownership tower will become Westgate’s flagship property and is located on the Las Vegas strip with direct access to the Planet Hollywood Resort & Casino.  

The loan closing and initial funding, which took place on September 20, 2007, was a landmark transaction for Textron Financial.  Not only was it the company’s largest deal with Westgate since they started working together in 1991, but it was also the largest transaction in the history of its Resort Finance Division.

“The closing of this deal is testament to the financial strength and the industry and product expertise Textron Financial offers to all our customers,” said Jay Carter, president of Textron Financial. “It also reflects our unwavering commitment to each customer, as evidenced by our 17-year relationship with Westgate.  Exceeding customer expectations in everything we do is a critical driver of our business success.”

“This transaction is another example of why we consider Textron a business partner rather than just a lender,” said David Siegel, CEO and president of Westgate Resorts. “As we continue to expand our business and resorts, it is comforting to know that we have Textron to help finance our efforts.”

The Resort Finance Division of Textron Financial was formed in 1990 to provide a wide range of financing solutions to timeshare developers, commercial resorts and various hospitality companies. The division manages a portfolio of over $1.7 billion of senior secured loans for the acquisition, development and operations of resorts and hotels in the U.S., Canada, Mexico and the Caribbean. In 2006, the Division provided over $1 billion in new financings to vacation ownership (timeshare), hotel, fractional and land developments.

About Westgate Resorts
Westgate Resorts, LLC. was founded in 1982 and has grown into the largest privately held timeshare company in the world. Westgate Resorts parent company, Central Florida Investments, Inc. (CFI) was founded in 1970 as a real estate development firm. CFI now operates dozens of other businesses in addition to Westgate Resorts including hotel, insurance, magazines, real estate, travel services and internet companies. Additional information about the company is available at www.westgateresorts.com.

About Textron Financial
Textron Financial is a diversified commercial finance company with more than $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.