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Textron Financial Corporation Announces Promotions at its Growth Capital Division

Columbus, Ohio - January 6, 2003 - The Growth Capital Division of Textron Financial Corporation ("Textron Financial") announces that Gary L. Kovach has been promoted to Vice President, Business Development, and Gretchen A. Gordon has been promoted to Vice President, Business Development.

Kovach joined RFC Capital's Growth Capital Division (which was later acquired by Textron Financial) in June 1997. Kovach has been instrumental in driving growth by originating more than $300 million in senior working capital commitments. As Vice President of Business Development, Kovach will be responsible for originating and developing relationships with clients while providing them with funding products.

Gordon joined RFC Capital's Growth Capital Division in May 2000 and has been instrumental in expanding the division's Domestic and European portfolios. She is responsible for originating and developing client relationships with funding products and ValueQuest™ consultative services. As Vice President of Business Development, Gordon will be responsible for continuing to develop new business both domestically and abroad.

About the Growth Capital Division
The Growth Capital Division of Textron Financial provides asset-based financing to high-growth companies in technology driven industries including telecom and energy. Additional information about the Growth Capital Division is available at www.textronfinancial.com.

About Textron Financial Corporation
Textron Financial is a diversified commercial finance company with $9.5 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 a $12 billion multi-industry company with more than 51,000 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.