Textron Inc. secured approval from the board of directors of the U.S. Export-Import Bank (EX-IM Bank) for a $500 million direct-loan facility to finance exports of its Cessna Aircraft and Bell Helicopter businesses. The loan will enable Textron to provide financing for Cessna and Bell exports that are delivered through December 2010. The loan facility comes as Cessna – and to a lesser extent Bell – have struggled with cancellations and deferrals as their customers have been unable to ...

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