Textron Financial: Newsroom: Press Release


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TEXTRON FINANCIAL CORPORATION LAUNCHES FINANCE PROGRAM WITH EQUIPMENT TECHNOLOGIES, INC.

St. Louis, MO- July 1, 2003 - Textron Financial Corporation, a subsidiary of Textron Inc. (NYSE: TXT), has announced its Large Ticket Division is providing a new inventory finance program to Equipment Technologies, Inc. of in Mooresville, Indiana.

The program will assist resellers of Equipment Technologies, Inc. to manage their cash flow and more effectively grow their businesses.

Textron Financial is known for flexible, innovative customer programs, giving manufacturers such as Equipment Technologies a fresh approach to doing business. “Equipment Technologies, with its Apache TM line of sprayers, is a premier name in the self propelled sprayer market,” says Chad Corsi, Vice President of Marketing of Textron Financial’s Large Ticket Division. “Our goal is to provide Equipment Technologies, Inc. customer focused programs to grow their business. They are a respected industry leader—and we are ready to work along side them, offering financial assistance and support to meet their growing business needs.”

“We look forward to collaborating with Textron Financial,” says Matt Hays, CEO of Equipment Technologies, Inc. “Their customer focused solutions will provide many growth opportunities for us and for our dealer network.”

About Equipment Technologies, Inc.
Since 1997, Equipment Technologies has manufactured its line of Apache TM sprayers and sells them to farmers and other applicators through a network of independent dealers throughout North America. Find out more about their full line of rugged, affordable self-propelled sprayers through their web site at www.apachesprayer.com or by contacting them at 1-800-861-2142.

About Textron Financial Corporation
Textron Financial is a diversified commercial finance company with over $9 billion in managed and serviced finance receivables. It has core businesses in Aircraft 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. (NYSE: TXT) is an $11 billion multi-industry company with 49,000 employees in 40 countries. The company leverages its global network of businesses to provide customers with innovative solutions and services in industries such as aircraft, industrial products and components, fastening systems and finance. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft, Kautex, Lycoming, E-Z-Go and Greenlee, among others. More information is available at www.textron.com.