Textron Financial Offers Total Finance Solution to Stone Construction Equipment

Alpharetta, GA — January 10, 2008 — Textron Financial Corporation, a Textron Inc. (NYSE: TXT) company, announces a new financing partnership with Stone Construction Equipment, Inc. that establishes the company as Stone’s financing provider for its construction equipment.  As part of the arrangement, Textron Financial will offer full-service equipment financing to all Stone customers.  The suite of services includes a retail lease and loan program for Stone’s end-user customers, provided by Textron Financial’s new Vendor Finance Division, and a wholesale floor plan program for its dealer network, managed by the company’s Distribution Finance Group of businesses.  The solution also includes a rental fleet finance program for dealers and rental houses. 

“Through this new relationship, Textron Financial is enabling Stone to seamlessly move equipment through its distribution network, while providing all of Stone’s customers – contractors, dealers, and rental houses – with a broad range of financing options and a premier level of service,” said Andrew Snook, Textron Financial vice president of sales and business development. “From our golf business, we have taken a platform that has been refined by years of experience and applied it to the construction equipment industry.  The result is a suite of services that can be used together, as a ‘total solution’, or selected individually to suit the needs of the particular customer.”

Prior to partnering with Stone, Textron Financial engaged in extensive customer research to determine exactly which finance products to enhance or develop, as well as how to offer them to the construction equipment industry as a whole. Based on that information, the company created a fully integrated wholesale and retail finance product tailored to the requirements of Stone’s customers. 

“We chose Textron Financial as our partner because of their flexibility, creativity, and professionalism,” said Gary Wilson, Stone’s manager of credit and customer financing. “They are able to provide our customers the total package — complete financing, customized solutions, and exceptional service. We’re excited about the improved offerings and service this relationship will allow us to bring to our customers.”

About Stone Construction Equipment, Inc.
Stone Construction Equipment, Inc., a 100% employee-owned American company, is a leader in the design, manufacture, and marketing of construction equipment.  Right Built products distributed worldwide include concrete, mortar, and silo mixers; hand held compaction equipment; ride-on asphalt and dirt rollers; trench compactors; power trowels; material handling equipment including lifts, buggies and grout placement; concrete/pavement and masonry block saws; and concrete vibrators and screeds.

About Textron Financial
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
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.