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Business Services Industry

Textron Hosts Bank and Capital Markets Meeting

Business Wire, March 19, 2008

Confirms 2008 and Multi-Year Outlook

PROVIDENCE, R.I. -- Textron Inc. (NYSE: TXT) and Textron Financial Corporation are hosting their 2008 Bank and Capital Markets meeting today. During the meeting, Textron will confirm its 2008 and multi-year financial outlook, which was presented during the company's Analyst Day meeting on February 7, 2008. A copy of the Analyst Day presentation containing outlook materials, as well as a replay of the Analyst Day meeting, can be found in the Investor Relations/Events section of Textron's website at www.textron.com.

About Textron Inc.

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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.

Forward-looking Information: Certain statements in this release are forward-looking statements and speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contained in the statements, including but not limited to the following: [a] changes in worldwide economic and political conditions that impact demand for our products, interest rates and foreign exchange rates; [b] the interruption of production at our facilities or our customers or suppliers; [c] performance issues with key suppliers, subcontractors and business partners; [d] our ability to perform as anticipated and to control costs under contracts with the U.S. Government; [e] the U.S. Government's ability to unilaterally modify or terminate its contracts with us for the U.S. Government's convenience or for our failure to perform, to change applicable procurement and accounting policies, and, under certain circumstances, to suspend or debar us as a contractor eligible to receive future contract awards; [f] changing priorities or reductions in the U.S. Government defense budget, including those related to Operation Iraqi Freedom, Operation Enduring Freedom and the Global War on Terrorism; [g] changes in national or international funding priorities, U.S. and foreign military budget constraints and determinations and government policies on the export and import of military and commercial products; [h] legislative or regulatory actions impacting defense operations; [i] the ability to control costs and successful implementation of various cost-reduction programs; [j] the timing of new product launches and certifications of new aircraft products; [k] the occurrence of slowdowns or downturns in customer markets in which our products are sold or supplied or where Textron Financial Corporation offers financing; [l] changes in aircraft delivery schedules or cancellation of orders; [m] the impact of changes in tax legislation; [n] the extent to which we are able to pass raw material price increases through to customers or offset such price increases by reducing other costs; [o] our ability to offset, through cost reductions, pricing pressure brought by original equipment manufacturer customers; [p] our ability to realize full value of receivables; [q] the availability and cost of insurance; [r] increases in pension expenses and other postretirement employee costs; [s] Textron Financial Corporation's ability to maintain portfolio credit quality; [t] Textron Financial Corporation's access to debt financing at competitive rates; [u] uncertainty in estimating contingent liabilities and establishing reserves to address such contingencies; [v] risks and uncertainties related to acquisitions and dispositions; [w] the efficacy of research and development investments to develop new products; [x] the launching of significant new products or programs which could result in unanticipated expenses; [y] bankruptcy or other financial problems at major suppliers or customers that could cause disruptions in our supply chain or difficulty in collecting amounts owed by such customers; and [z] difficulties or unanticipated expenses in connection with the consummation or integration of acquisitions, potential difficulties in employee retention following acquisitions and risks that acquisitions do not perform as planned or disrupt our current plans and operations or that anticipated synergies and opportunities will not be realized.

Business Services Industry

Textron Hosts Bank and Capital Markets Meeting

Business Wire, March 19, 2008

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