Textron Financial: Newsroom: Press Release - Textron Financial Offers Total Finance Solution to Terraquip

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

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Textron Financial Offers Total Finance Solution to Terraquip

Providence, RI – March 6, 2008 — Textron Financial Corporation, a Textron Inc. (NYSE: TXT) company, announces a new financing arrangement with Terraquip Inc. that establishes the company as a financing provider for Terraquip's complete line of construction and material handling equipment. As part of the arrangement, Textron Financial will offer full-service equipment financing to all qualified Terraquip customers. The suite of services includes a retail lease and loan program for Terraquip's end-user customers, provided by Textron Financial's new Vendor Finance Division, and a wholesale floorplan program for Terraquip's dealer network, managed by the company's Large Ticket Division. The solution also includes a rental fleet finance program for dealers and rental establishments.

"This new arrangement will help Terraquip move equipment through its distribution network more effectively, while also providing a wide range of financing options to its qualified contractors, dealers, and rental locations," said Vincent Faino, president, Vendor Finance. "Our suite of market-driven services developed for Terraquip may be used together as a 'total solution', or selected individually to suit the needs of a particular customer.

"Combining the product lines of our Large Ticket and Vendor Finance divisions into one package allows us to offer a convenient 'one-stop shopping' approach to the construction and equipment industries," said Frank Ford, senior vice president and general manager, Large Ticket. "We will work closely with Terraquip to deliver seamless and fully integrated wholesale and retail finance products."

"Textron Financial is an ideal company because they offer flexible and creative financing solutions, and uphold a superior level of professionalism in all their transactions," said Mark DiVito, Terraquip President. "Complete, customized financing, coupled with exceptional service, makes for a total package that we're excited to bring to our equipment customers."

About Terraquip Inc.

Terraquip is a diversified equipment distribution company headquartered in Toronto, Canada, with value-driven solutions in both construction and material handling categories. Construction products include the HX line of dozers, wheel loaders, motor graders, and vibratory rollers manufactured by Changlin Company, and Magnum™ Skid Steer and Mini Loaders. Material handling products include the Hangcha forklift trucks. For more information, go to www.terraquip.com.

About Textron Financial Corporation

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, 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.