StandardAero Awarded Contract for U.S. Army GTCP36-50H Auxiliary Power Unit MRO Services

Maryville, Tennessee, December 21, 2006 – StandardAero announces that it has been selected to provide Honeywell GTCP36-50H engine overhaul services to the Letterkenny Army Depot in support of its Service Life Extension (SLEP) program for the MEP-360 Aviation Ground Power Unit. The total contract award is estimated to be $12 million. The contract is a firm fixed-priced, requirements contract with a one-year base period plus three option years commencing December 2006.

StandardAero has serviced Honeywell GTCP36 & 85 series APUs since 1997 at its facility in Maryville, TN. Since the inception of the APU program, Standard Aero has delivered over 2,600 APUs and is now a leading provider of Maintenance, Repair, and Overhaul (MRO) services for the GTCP36 series APUs to regional airlines in North America and Europe.

"StandardAero is delighted to support the U.S. Army's engine maintenance requirements on this important upgrade program,” said Greg Young, Vice President, StandardAero Alliance Business Unit. Since 2004, StandardAero has been the depot provider for the Army's T703 engine fleet. Young adds, "We are confident our proven maintenance practices, highly trained personnel, state of the art technologies, and Lean-Cellular™ facilities will provide the U.S. Army with maximum engine performance and asset availability at an affordable rate."

StandardAero is a world leader in providing aerospace MRO services. StandardAero has over 2,500 global employees performing repair and overhaul on General Electric, Rolls-Royce, Honeywell, and Pratt & Whitney Canada engines used in regional airline, business aviation, helicopter, and military/government markets. StandardAero employs specialized MRO business process transformation practices in both internal operations and various customer partnerships, resulting in more efficient and effective business performance.