United States Coast Guard Extends HC-130H Maintenance Agreement with TIMCO

Greensboro, North Carolina—20 May 2010. TIMCO Aviation Services announced that the United States Coast Guard (“USCG”) exercised a contract extension option for the provision of depot level maintenance support for its fleet of “Hercules” HC-130H transport and search-and-rescue aircraft. The work will continue to be carried out at TIMCO’s Lake City, Florida facilities. The contract covers progressive structural inspections-basic (“PSI-B”) and resultant repairs which are required every 48 months on the Hercules aircraft. TIMCO is currently performing two lines of this work, as well as painting services for USCG “drop in” aircraft. In 2009, TIMCO replaced a center wing box for the first time on an aircraft in this fleet.

Ron Utecht, President of TIMCO, said, “We are truly privileged to be able to continue providing maintenance for the Coast Guard’s Hercules fleet in support of their vital mission. We will strive to continue to deliver the level of quality and care that has become central to the work we first started for the USCG five years ago.” TIMCO Aviation Services is one of the world's largest independent aircraft maintenance, repair and overhaul (“MRO”) providers. TIMCO supports leading global airlines, government operators and other owners with comprehensive, individually-tailored aircraft care services including airframe MRO, engineering services, interiors manufacturing and installation, line care services and engine MRO.