Stewart Cohen Joins TFC as Executive Vice President

Textron Financial Corporation, a Textron Inc. (NYSE: TXT) company, announced today that Stewart L. Cohen has joined Textron Financial (TFC) as executive vice president of special assets. In this new role, Cohen, who has more than 20 years of experience in the area of asset disposition, is responsible for the orderly liquidation and selected sales of certain of TFC’s commercial finance assets. This addition to the TFC executive team supports TFC’s strategic mandate to restructure its business.

"Having an experienced leader like Stewart strengthens our ability to quickly and effectively achieve our restructuring mission and strategy,” said TFC President & Chief Executive Officer Warren Lyons. "He understands the inner workings of the restructuring industry, and he has a proven track record of assisting both manufacturing and finance companies to dispose of assets and businesses.”

"TFC remains ahead of plan for its finance receivable run-off targets for 2009,” Lyons added. "With Stewart on board, this will allow us to continue meeting and exceeding our goals as we move forward.”

Cohen most recently served as the executive vice president of the Hilco Organization, focusing on corporate acquisition, asset disposition, special situations financing and consulting activities across all industry sectors. Prior to that, he orchestrated the wind-down of Polaroid, and he previously founded and managed Paragon Capital.

Cohen is based at TFC’s corporate headquarters in Providence, Rhode Island. More details on the portfolio and business assets that are currently classified for sale are available at www.textronfinancial.com.

About Textron Financial

Textron Financial is a diversified commercial finance company that provides financing programs for products manufactured by its parent company, Textron Inc. www.textron.com. Current specialties include Aviation Finance and Golf Equipment Finance. The company also manages a portfolio of receivables which it previously originated in various businesses, including Asset-Based Lending, Distribution Finance, Golf Finance, Resort Finance and Structured Capital.

About Textron Inc.

Textron Inc. is a $14.2 billion multi-industry company operating in 28 countries with approximately 42,000 employees. The company leverages its global network of aircraft, defense and intelligence, 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, Textron Systems and Textron Financial Corporation. More information is available at www.textron.com.