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Organizational Change at Resort Finance Division of Textron Financial Focuses on Growth

Glastonbury, CT – March 15, 2007 - Textron Financial Corporation, a Textron Inc. (NYSE: TXT) company, today announced an organizational change for its Resort Finance Division. David Wisen, who had served as the President of Resort Finance since 2004, has been promoted to Group President. In his new role, Wisen will have oversight of not only the Resort Finance Division but the Golf Finance and Structured Finance divisions, as well as the company’s Textron Business Services subsidiary. Wisen will be responsible for continued growth of divisional product and service offerings, as well as evaluating and pursuing new market opportunities.

Peter James, a Textron Financial veteran, will move into the position of Division President for Resort Finance. James has held various positions of increasing authority during his 17 year tenure with Textron and has been a long-standing member of the Executive Committee of Textron Financial with both operating and financial management responsibilities. Prior to being appointed President of the Resort Division, he served as Executive Vice President of Textron Six Sigma, which is responsible for the deployment of Six Sigma process improvement initiatives throughout Textron Financial.

Wisen and James will work closely together to achieve both the immediate and long-term growth goals for the Resort Finance Division. The Resort Finance Division of Textron Financial 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 Textron Financial Corporation
Textron Financial is a diversified commercial finance company with $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 Inc.
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.