Piper's First Half Performance Continues 3-Year Rise

OSHKOSH, Wis., July 29, 2012 - Piper Aircraft continued to deliver more new aircraft and increase new airplane revenue during the first half of 2013, continuing a steady improved performance trend.

For the first half of 2013, Piper delivered 86 airplanes, up 13 percent from 76 total deliveries during the same period in 2012, while generating $77M in revenue, up more than 11 percent from $69M during the first half of 2012.

"Piper delivered three more M-Class aircraft during the first half of this year compared to this past year. We also delivered 7 more Piper Twin Class and Trainer Class airplanes, primarily as a result of successfully incorporating Garmin G1000 avionics for pilot training applications," said Piper President and CEO Simon Caldecott.

"While we remain cautiously optimistic about the future, we are pleased with Piper's overall improved performance trajectory for the past three and a half years," he added.

Since 2009 when Piper generated $87M in sales, Piper's fiscal performance has improved steadily. In 2010, Piper's new aircraft revenue increased to $120M and in 2011 total revenue increased to $131M. In 2012, Piper new aircraft revenue grew to $149M.

About Piper Aircraft

Piper Aircraft Inc. is headquartered in Vero Beach, Fla. The company offers aviators throughout the world efficient and reliable single-engine and twin-engine aircraft. The single-engine M-Class series - the Meridian, Mirage and Matrix - offer businesses and individuals elegant performance and value. The Twin Class Seminole and Seneca V balance proven performance, efficiency and simplicity in twin-engine aircraft. The Trainer Class Archer TX, Arrow, Seneca V and Seminole aircraft form the most complete technically-advanced line of pilot training aircraft in the world. All Piper airplanes feature advanced Garmin Avionics in the cockpit. Piper is a member of the General Aviation Manufacturers Association.

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