Textron Financial Named 2005 "Floorplan Lender of the Year"


Manufactured Housing Institute Honors Textron Financial for Excellence in Innovation and Customer Service

Providence, RI - April 14, 2005 - Textron Financial Corporation, a subsidiary of Textron Inc. (NYSE: TXT), today announced that the Manufactured Housing Institute has selected the company as its 2005 "Floorplan Lender of the Year" for the company's Large Ticket Division, based in Alpharetta, Georgia. According to the Institute, this recognition is based on Textron Financial's ability to provide the best customer service in the industry through its talented workforce and innovative financial programs.

A veteran in the inventory financing industry for more than 40 years, Textron Financial expanded its financial services to the manufactured housing industry in 2000. "Textron Financial is honored to receive this distinction," said President and Chief Operating Officer Jay Carter. "This latest recognition not only reinforces our leadership in the Large Ticket Lending arena, but validates Textron's laser focus on customer service, innovation and quality - all critical drivers of our success."

"In the past four years, Textron Financial has invested more than $500 Million of capital to the manufactured housing industry," said Tom Low, president of Textron Financial's Large Ticket Division. "We appreciate the opportunity to provide capital for these manufacturers and dealers, and look forward to continuing and nurturing these relationships in the future."

The Institute cited several reasons for honoring Textron Financial. Among them, the Large Ticket Division doubled the size of its sales force in 2004 and developed "Quick Draw," a unique construction-financing program that provides customers with a simplified way to obtain working capital through a trusted lender. The Institute also cited Textron Financial's innovative model and spec home financing program, which finances land, development costs and homes for many of the industry's leading manufacturers.

Low added, "It is an honor to be recognized by the Institute as the best in the floorplan finance industry. Textron Financial is privileged to work with customers as talented, hard-working and dedicated to their businesses as we are to ours, and we deeply appreciate this recognition."

About Textron Financial Corporation
Textron Financial is a diversified commercial finance company with $9 Billion in managed and serviced finance 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. (NYSE: TXT) is a $10 billion multi-industry company with 44,000 employees in 40 countries. 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, Jacobsen, Kautex, Lycoming, E-Z-GO and Greenlee, among others. More information is available at www.textron.com.

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