ExecutiveReportA Quarterly Digest from the Aerospace Industries Association 1st Quarter 2014

Michael T. Strianese, Chairman, Aerospace Industries Association

Chairman, President and CEO, L-3

2014 OFFICERSMichael T. Strianese, ChairmanDavid L. Joyce, Vice ChairmanMarion C. Blakey, President & Chief Executive Officer Ginette C. Colot, Secretary Treasurer

2014 EXECUTIVE COMMITTEEWilliam M. BrownPresident & Chief Executive OfficerHarris Corporation

Wes BushChairman, Chief Executive Officer and PresidentNorthrop Grumman Corporation

Gerald J. DeMuroPresident & Chief Executive OfficerBAE Systems, Inc.

Scott C. DonnellyChairman & Chief Executive OfficerTextron Inc.

David P. HessChairman, International Aero Engines Board of DirectorsUnited Technologies Corporation

Marillyn HewsonChief Executive Officer, President & Chairman of the BoardLockheed Martin Corporation

Raanan HorowitzPresident & Chief Executive OfficerElbit Systems of America

David L. JoycePresident & Chief Executive OfficerGE Aviation

John S. LangfordChairman & Chief Executive OfficerAurora Flight Sciences

Tim O. MahoneyPresident & Chief Executive OfficerHoneywell Aerospace

Thomas S. MarottaChairman and Chief Executive OfficerMarotta Controls, Inc.

David F. MelcherChief Executive Officer & PresidentExelis, Inc.

Dennis A. MuilenburgVice Chairman, President & Chief Operating OfficerThe Boeing Company

Phebe NovakovicChairman & Chief Executive OfficerGeneral Dynamics Corporation

Michael T. StrianeseChairman, President & Chief Executive OfficerL-3 Communications

William H. SwansonChairman & Chief Executive OfficerRaytheon Company

Scott ThamsChief Executive OfficerIntegrity Aerospace Group, Inc.

President’sMessageTwo and a half years ago, with the strong support of our member companies, AIA

launched an unprecedented public information campaign called “Second to None.”

Its purpose was to educate the public and elected leaders about the importance to our

national security and economy of maintaining an aerospace and defense industry able

to lead in all aspects of national security, space exploration and civil aviation.

The need for the campaign was clear. When the Budget Control Act passed in 2011,

our industry faced nearly $1 trillion in indiscriminate and draconian federal spending

cuts over ten years to the Defense Department and significant additional cuts to other

federal agencies including NASA, NOAA and the FAA. The congressional discussion

was dominated by calls to reduce the debt and deficit, with little regard for the means

and consequences of such drastic cuts. Taking these factors into consideration, we

knew it would take a focused, sustained effort to convince members of Congress that

the sequestration meat axe approach would be damaging to vital national interests,

including long-term debt and deficit reduction.

The campaign initially took many forms. We commissioned detailed economic

analyses of sequestration impacts that were instrumental in framing the public debate.

We held rallies at aerospace and defense plants around the country featuring industry

workers, union representatives, company leaders and elected officials. We used social

media, op/eds, studies and congressional testimony to focus attention on the impacts of

indiscriminant budget austerity. And we made common cause with nontraditional allies

including the Association of American Universities, the Association of Public and Land

Grant Universities and NDD United—a coalition of groups supporting domestic government

services whose creation was spurred in part by Second to None—with events highlighting

the public benefits provided by government research and development investments.

I’m gratified that defense analyst Loren Thompson called our campaign “tenacious

and imaginative,” and Second to None was a finalist for PR Week’s 2013 Public Affairs

Campaign of the Year. But most importantly, the campaign led to real results — even after

many commentators said it would be impossible to make a dent in the sequestration cuts.

The Congressional-White House agreement to reduce sequestration’s impact in Fiscal Years

Next Steps for Second to None

E X E C U T I V E R E P O R T 3

2014 and 2015 will make available

$31.7 billion in national security

spending above the sequestration

budget caps, and the $31.7 billion

added to non-discretionary budgets is

certain to bolster the top line budgets of

NASA, NOAA and the FAA.

We have received a stay of execution,

but sequestration remains the law

of the land. And, unless repealed, it

will continue to contribute in Fiscal

Years 2016-2021 to what Secretary of

Defense Hagel has warned could be a

“decade long modernization holiday,”

and keep inhibiting our progress in civil

space and aviation. Also, through public

opinion and focus group research we

learned our long term communications

and advocacy challenge is formidable.

While Democrats as a rule don’t like

sequestration, they are more inclined to

fund domestic programs than national

security. Further, the waning influence

of defense hawks has diminished the

Republican Party’s traditional support

for national security spending, as many

Republicans see the debt and deficit

as a bigger threat to America than any

current or potential foreign adversary.

Yes, it’s a steep challenge to influence

opinion leaders, but one that’s not

insurmountable as we gear up for the

second stage of Second to None in this

important election year. Mining into

the aforementioned opinion data, we

found language that resonates in both

political camps. Democrats recognize

the value to innovation and jobs

creation of investments in aerospace

and defense research and development

programs. Republicans understand that

the aerospace and defense industrial

base is a strategic asset we can ill-

afford to lose.

Looking forward, with the strong

direction of AIA’s Executive Committee,

we’re developing tailored position

papers for the use of current members

of Congress, their staffs and candidates.

They highlight key aerospace and

defense topics, and include detailed

fact sheets about our industry’s

economic impact in all 50 states. And

we will be counting on our member

companies to help boost our Second

to None messaging by meeting with

elected officials and candidates, and

inviting them to their facilities to learn

more about cutting edge developments

in our field. Our goal is not only to

educate every potential member of the

new Congress about our industry’s top

issues, but also to encourage Congress

to take a fresh look at the need to

invest in important national security and

aerospace programs, especially as world

events take on a more ominous tone.

Finally, we learned from the first

stage of the campaign the value of

having a strong grassroots network of

supporters. Growing this network can be

a tremendous asset in the future. As we

reach out to more like minded people

through our Second to None website,

our LinkedIn, Facebook, Twitter and

other media platforms, we will make a

concerted effort to recruit individuals

who are willing to respond to legislative

action alerts when critical issues are up

for a vote. We will also continue to make

common cause with our friends in the

labor movement and other organizations

that recognize the importance of

investing in our nation’s future.

In these ways, our Second to None

campaign is being reinforced to magnify

our industry’s impact when its vital

interests are on the line. I’m excited

about the campaign’s prospects to help

change the playing field in our favor.

Marion C. BlakeyPresident & Chief Executive Officer

A broad range of organizations met December 2 to discuss the consequences of sequestration budget cuts on America’s workforce. Pictured left to right: Hunter Rawlings, Association of American Universities; Emily J. Holubowich, Coalition for Health Funding; Wes Bush, Northrop Grumman Corporation; Dorothy Coleman, National Association of Manufacturers; and Ian Steff, Semiconductor Industry Association.

4 A E R O S P A C E I N D U S T R I E S A S S O C I A T I O N

Mike Strianese played an integral role in the formation of L-3 in 1997, serving as the company’s first vice president of finance and controller and its first ethics officer. He was named CFO in 2005, president and chief executive officer in 2006, and was elected chairman of the company’s board of directors in 2008. Strianese, who is also a member of the Council on Foreign Relations, took over as chairman of AIA’s Board of Governors at the beginning of the year. He recently shared with the Executive Report his views on our industry’s key issues.

AIA: What are your goals as AIA’s chairman this year?Strianese: As a long-time supporter and now chairman of AIA, I am privileged

to serve on behalf of more than a million aerospace and national security industry employees in all 50 states who work every day to make the world safe and secure. In honoring this responsibility, I am focusing on educating Congress and others about the issues that are important to AIA’s 330 member companies and how we can work together to realize common goals.

The profile of Congress is changing, and we have a real opportunity to keep aerospace and national security issues on the front burner. Specifically, we must keep communicating that the recent defense cuts are detrimental to our national security and our military readiness, as well as our industry, which is a key partner in the national security apparatus. We need to make sure that these reductions, as well as the cuts to space exploration and civil aviation programs, don’t become the default method of achieving savings. A focus on fiscal issues cannot be made at the expense of national security. We will also work closely with legislators to ensure support for measures such as the R&D tax credit and others that keep our military ready, and our industry competitive and growing. More clarity on these issues will better allow our industry to manage our operations and make investments that sustain a strong industrial base and support the country’s national security priorities.

On a more granular level, the innovation that drives our business is a product of our technical and scientific expertise. Unfortunately, it is a reality that our industry will be facing a shortage of engineers in the coming years. In developing a workable solution, AIA will continue to promote STEM education initiatives as an essential component of cultivating future generations of engineers and cutting-edge technologies.

Q&A

Michael T. Strianese

With Michael T. StrianeseChairman, Aerospace Industries Association and Chairman, President and CEO, L-3

“We must keep communicating that the recent defense cuts are detrimental to our national security and our military readiness, as well as our industry, which is a key partner in the national security apparatus.”

E X E C U T I V E R E P O R T 5

AIA: From your perspective, what value does AIA bring to member companies in ways expected and unexpected?Strianese: A diverse, multi-faceted industry like ours can benefit considerably from a clear and comprehensive voice on

the critical policy and regulatory issues facing all of us; AIA is uniquely equipped to provide just that. A good example is AIA’s Second to None campaign, which provided a successful call to action for Congress to minimize the damaging sequestration budget cuts. AIA has also been highly influential in promoting a number of other important issues, including export control reform, responsible environmental regulations, NextGen, UAS integration into the national airspace, and continued emphasis on our civil and military space programs.

From the perspective of unexpected benefits, I’d highlight AIA’s Supplier Management Conferences, which offer our mid- and smaller-sized supply chain firms unique opportunities to engage with major manufacturers and help build supportive business relationships. Simply put, there is no more valuable partner to have in our business than AIA.

AIA: What can AIA do to improve the climate for our industry on Capitol Hill?Strianese: AIA deserves well-earned praise for organizing the ‘Voices on the Hill’ events last year, which gave the leaders of supply

chain companies the opportunity to meet with their elected members of Congress. We need to encourage more of this direct contact, and given that we are in an election year, we’ll continue to tell our industry’s story to our elected officials and how it is connected to our national security strategy and goals. Looking ahead, we need to identify and cultivate the more junior members of Congress with the best prospects of becoming prominent champions of our industry.

AIA: How can AIA and our member companies educate the public about the vital link between R&D and innovation?

Strianese: A healthy and responsible level of R&D funding gives our military and homeland security outlets – like the TSA – the required technological edge they need to protect our nation against adversaries. Innovation is the lifeblood of our industry – it facilitates the advances that make us a stronger, safer and more economically robust nation.

A big part of educating the public is simply starting the conversation. I’m interested in advanced consumer technologies and enjoy pointing out that R&D research is responsible for the proliferation of GPS units and smart phone components that have helped to make our daily lives easier and more productive. Those are things everyone can relate to. Once the conversation is started, it’s not hard to come up with numerous examples of how R&D funding has led to game-changing technologies. It is equally important to point out that R&D funding is often the most vulnerable when budgets are under pressure, and that failure to protect a prudent level of investment in R&D can do serious harm to our nation. These are messages that AIA and its members can take the lead in promoting; the opportunities for this type of public education are virtually limitless.

AIA: What are your views on the future of industry-led STEM education initiatives?Strianese: I believe we’ve only scratched the surface of what AIA and the industry can do to inspire and prepare our future

workforce. Industry will be facing a shortage of engineers and AIA is well-positioned to highlight this critical issue and develop future generations of innovators.

The key to our industry’s successful involvement in STEM is to realize the importance of a long-term commitment to advancing excellence in STEM fields. AIA’s Team America Rocketry Challenge (TARC), now into its 12th year, represents such a commitment. The TARC model is going strong, attracting more students every year, and can only get better. I am personally involved in mentoring students at my alma mater, Brooklyn’s Xaverian High School. This is an example of a great AIA initiative that all members can take part in and that will help us achieve our goals.

“Innovation is the lifeblood of our industry – it facilitates the advances that make us a stronger, safer and more economically robust nation.”

6 A E R O S P A C E I N D U S T R I E S A S S O C I A T I O N

David L. Joyce, GE Aviation’s president and chief executive officer is AIA’s Board of Governors vice chairman for 2014. He also is chair of AIA’s Finance Committee, and serves on the Civil Aviation Leadership Council.

“There’s never been a more important time for the aerospace and defense industry to engage with U.S. and global officials as an effective voice about issues that impact the industry,” Joyce said. “As the nation’s largest net exporter, our aerospace and defense industry is one of the biggest contributors to the annual U.S. GDP. Advocating for increased government cooperation and appropriate funding levels will ensure our continued competitiveness and vitality.”

Joyce brings to AIA’s governing body a wealth of industry knowledge from his extensive work in commercial and military aircraft design. After receiving his bachelor’s and master’s degrees in mechanical engineering

from Michigan State University, Joyce joined GE in 1980 as a product engineer. He was promoted to general manager of GE’s Customer and Product Support organization in 1998 and held a number of leadership positions between then and 2003, when he was promoted to vice president and general manager of commercial engine operations. He was named to his current role of president and chief executive officer in 2008.

In addition to leadership in AIA, Joyce is board chairman of the Smithsonian National Air and Space Museum, a director on the Congressional Medal of Honor Foundation board, and a member of the U.S. National Academy of Engineering, an elected group of the world’s most accomplished engineers. He serves on several civic, educational and community boards in Cincinnati, Ohio.

David L. Joyce Named Vice Chairman of AIA

David L. Joyce

“There’s never been a more important time for the aerospace and defense industry to engage with U.S. and global officials...”

AIA Kicks off the Year with Announcement of 2014 Board Members and Eighteen New Member Companies

Members of AIA’s Executive Committee and Board of Governors have officially been appointed for 2014. This year’s

Executive Committee is listed on page two and a full list of the Board of Governors can be found on AIA’s website under

“Leadership and Governance.”At their first Board meeting of the year in January, AIA’s Executive Committee approved three new Full Members and three

Associate Members. At the second meeting held in March, seven new Full Members and five Associate Members were approved. Congratulations and a very warm welcome on behalf of all of us here at the Aerospace Industries Association!

Arundel Machine Tool Co. Inc.BGA Test & Technology

Hangsterfer’s Laboratories, Inc.

KAPCO AerospaceSDL

SICPA

Solar Atmospheres, Inc.Torotel Products, Inc.

New Associate Members

New Full Member Companies

Accurus Aerospace Corporation, LLCAce Clearwater

Cadence Aerospace

J Anthony Group, LLCNordamNylok

Plex SystemsPTCUPS

Xerox Corporation

E X E C U T I V E R E P O R T 7

AIA Full Member Companies

AIA Associate Member Companies

3M CompanyAAR Manufacturing, Inc.ACE Clearwater EnterprisesAccentureAcutec Precision MachiningAccurus Aerospace Corporation, LLCAerojet RocketdyneAero-Mark, LLCAero Mechanical IndustriesAGC Aerospace & DefenseAireon, LLCAlcoa DefenseAlign Aerospace, LLCAllfast Fastening Systems, Inc.Alliant Techsystems, Inc. (ATK)AlliedBarton Security ServicesAllied Telesis, Inc.American Pacific CorporationAnalytical Graphics, Inc.Aurora Flight SciencesAusco, Inc.AvascentB&E Group, LLCB/E Aerospace, Inc.BAE Systems Ball Aerospace & Technologies CorporationBarnes AerospaceBelcan Corporation

Benchmark Electronics, Inc.The Boeing CompanyBombardier AerospaceCADENAS PARTsolutions, LLCCadence AerospaceCamcode Division of Horizons, Inc.Castle Metals AerospaceCelestica, Inc.Chemring Energetic Devices (formerly Hi-Shear Technology Corporation)Chromalloy Gas Turbine CorporationClick Bond, Inc.Cobham, plc Computer Sciences Corporation (CSC)CPI AerostructuresCrane Aerospace & ElectronicsCubic CorporationCurtiss-Wright CorporationDeloitte Consulting, LLPDeltek, Inc.Denison IndustriesDigitalGlobeDucommun, Inc.DuPont CompanyEaton Aerospace OperationsElbit Systems of America

Embraer Aircraft Holding, Inc.ENSCO Avionics, Inc.EPS CorporationErickson Air-Crane, Inc.Ernst & Young, LLPESI North AmericaESIS, Inc.Esterline TechnologiesExelis Inc.Exostar, LLCFlextronics International USAFlight Safety InternationalFluor CorporationFS Precision Tech, LLCFTG Circuits, Inc.Galaxy TechnologiesGeneral Atomics Aeronautical Systems, Inc.General Dynamics CorporationGeneral Electric Aviation GKN Aerospace North AmericaGuardsmark, LLCHarris CorporationHCL America, Inc.HEICO CorporationHexcel CorporationHoneywell AerospaceHP, Enterprise ServicesHuntington Ingalls IndustriesIBM Corporation

IEC Electronics Corporation Celmet IEC Electronics - Albuquerque IEC Electronics Wire and Cable Inc. Southern California Braiding, Inc.Infotech EnterprisesJ Anthony Group, LLCJabil Defense & Aerospace Services, LLCKaman Aerospace CorporationKPMG, LLPL-3 Communications CorporationLAI International, Inc.Leidos CorporationLMI Aerospace, Inc.Lockheed Martin CorporationLord CorporationMarotta Controls, Inc.Mayday HoldingsMeggitt-USA Inc.Micro-Coax, Inc.Microsemi CorporationMoog, Inc.Natel Electronic Manufacturing ServicesNational Technical Systems, Inc. (NTS)NORDAM

Northrop Grumman CorporationNYLOK, LLCO’Neil & AssociatesOntic Engineering & Manufacturing, Inc.Oracle USA, Inc.Oxford Performance MaterialsPacifica Engineering, Inc.The Padina Group (TPG), Inc.Parker AerospacePlex Systems, Inc.Plexus CorporationPPG Aerospace-Sierracin CorporationPriceWaterhouseCoopers Aerospace & Defense Advisory ServicesPTCRAF Tabtronics, LLCRaytheon CompanyRhinestahl CorporationRIX IndustriesRockwell CollinsRolls-Royce North America, Inc.RTI International Metals, Inc.SAICSAP America, Inc.SatairSCB Training Center Inc.Seal Science, Inc.

Securitas Critical Infrastructure Services, Inc. (formerly Pinkerton Government Services, Inc.)Siemens PLM SoftwareSierra Nevada Space SystemsSIFCO Industries, Inc.SITASpace Exploration Technologies CorporationSparton CorporationSpirit AeroSystemsTASCTech Manufacturing, LLCTextron Inc.Therm, Inc.Timken Aerospace TransmissionsTriumph Group, Inc.United Parcel ServiceUnited Technologies Corporation Goodrich Corporation Hamilton Sundstrand Pratt & Whitney SikorskyVirgin Galactic, LLCWesco Aircraft Hardware CorporationWoodward Inc.Xerox Corporation

Acme Industrial CompanyADI American Distributors, Inc.AeroGoAeronautical Systems, Inc.Aerospace Alloys, Inc.Aerospace Joint Apprenticeship Committee (AJAC)AeroVironment, Inc.AirBorn, Inc.Airfasco IndustriesAir Industries GroupAlcoa Fastening SystemsAllen Aircraft Products, Inc.Altemp Alloys, Inc.AMI Metals, Inc.Amratec EngineeringAnoplateApplied DNA Sciences, Inc.APV Manufacturing & Engineering Co.Arkwin Industries, Inc.Arrow Electronics, Inc.Arrowhead ProductsArundel Machine Tool Co., Inc.Asia-Pacific Engineering Consulting Services, LLCAstro-Med, Inc.Astute Electronics, Inc.ATC AerospaceAthena Manufacturing, LPAutomatic Screw Machine Products CompanyBanneker Industries, Inc.BGA Test & TechnologyBodycoteBrogdon Machine, Inc.BRPH Architects EngineersBTC Electronic Components, Inc.Carbures USA, Inc.CDG

Celltron, Inc.CERTONCIT Transportation LendingCND, LLC (formerly Cherokee Nation Distributors)Co-Operative Industries Defense, LLCCoalition Solutions Integrated, Inc.Compass Forwarding Co., Inc.Consolidated Industries, Inc.Consolidated Precision ProductsCraig TechnologiesCrane Aerospace & ElectronicsCrestwood Technology GroupCrowell SolutionsDassault SystemesDayton T. Brown, Inc.Draken InternationalEEI Manufacturing ServicesElectralloyEmbry-Riddle Aeronautical UniversityEnterprise Florida, Inc.EP-Team, Inc.ETA Global, Inc.Etteplan/TedopresExergy, LLCExotic Metals Forming Company, LLCFairmont Consulting GroupFASTXchange, Inc.Ferco Aerospace GroupFives Machining Systems, Inc. (formerly MAG Industrial Automation Systems, LLC)Flatirons Solutions, Inc. (formerly InfoTrust Group)Freedom AlloysFrontier Electronic Systems Corporation

Future Metals, LLCGlovia InternationalGPS Inventory Solutions, Inc.G.S. Precision, Inc.GSE Dynamics, Inc.Haas Group InternationalHangsterfer’s Laboratories, Inc.Harry Krantz CompanyHawker Beechcraft CorporationHercules Heat Treating CorporationH&S Swansons’ Tool CompanyHDL Research Lab, Inc.Hi-Temp Insulation, Inc.Houlihan LokeyHughes Bros. Aircrafters, Inc.Hutchinson Aerospace Burbank (formerly Barry Controls Aerospace)Impresa Aerospace, LLC (formerly Venture Aircraft, LLC)Industrial Metals Intl., Ltd.InforInfosys LimitedIntegrated Support Systems, Inc.Integrity Aerospace Group, Inc. (formerly X-Ray Industries)InterConnect WiringInternational Technegroup, Inc. (TranscenData Division)ITT CorporationJanes Capital PartnersJRH Electronics, LLCKAPCO AerospaceKitco DefenseKubotek USAKulite Semiconductor Products, Inc.Landstar Transportation Logistics

LMI (Logistics Management Institute)Loos & Co., Inc.The Lundquist GroupMaterion Brush, Inc. (formerly Brush Wellman, Inc.)Meehan Electronics CorporationMerex Aircraft Company, Inc.Meyer Tool, Inc.Mid-Continent EngineeringMid-State Aerospace, Inc.Millitech, Inc.Monogram Aerospace FastenersMontana Metal Products, LLCMorris Machine Company, Inc.National Machine GroupNational Utilities CompanyNew Breed CorporationNorfil, LLCNorth Carolina Global TransParkNorton/Saint-GobainOhio Aerospace InstituteOerlikon BalzersOklahoma Department of CommerceOrion IndustriesPacific Precision ProductsPall Aeropower Corporation PARPROPassur AerospacePaulo Products Company (formerly American Brazing)Pentecom, LLCPerillo Industries, Inc.Phillips Screw CompanyPiedmont Triad Airport Authority

Plymouth Engineered ShapesPointe Precision, Inc.Precision Gear, Inc.Precision Tube BendingRadant Technologies, Inc.RAM CompanyRenaissance ServicesRenaissance Strategic Advisors, LLCRocker IndustriesRobertson Fuel Systems, LLCRSI (formerly Aerospacemall.com)Safran USASamuel Aerospace MetalsScot Forge CorporationSDL (formerly XyEnterprise)SEAKR Engineering, Inc.Sechan Electronics, Inc.SELEX Galileo (formerly SELEX Sensors and Airborne Systems US, Inc.)Senior AerospaceSerco, Inc.Service Steel AerospaceServotronics, Inc.Shapes Aerospace InternationalSICPASolar Atmospheres, Inc.Southco, Inc.Southern Manufacturing TechnologiesSpecial Aerospace ServicesSpincraftSpirit Electronics, LLCSPX Precision ComponentsStanley Engineered Fastening (formerly Emhart Teknologies) Black & Decker CompanyStarrag USA, Inc.

State Industrial Supply Corp.Stroco Manufacturing, Inc.

Sugasawa CorporationSupply Dynamics, LLCSystecTactair Fluid Controls Inc.Tata Consultancy Services (formerly TCS America)TCITech Mahindra (formerly Mahindra Satyam)TechSolve, Inc.TEK Precision Co., Ltd.Telephonics CorporationTEVET, LLCThales USA, Inc.Thermacore, Inc.ThyssenKrupp Aerospace North AmericaTiodize Co., Inc.Torotel Products, Inc.TSI Plastics, Inc.TTI, Inc.TTM Technologies, Inc.TW MetalsUEC ElectronicsUmbra Cuscinetti, Inc.United Precision Products Company, Inc.USAeroteam, Inc.UT College of Business Aerospace & Defense Portfolio (formerly University of Tennessee - Aerospace Defense Clearing House)W.G. Henschen CompanyW.L. Gore & Associates, Inc.Whitcraft, LLCWindings, Inc.Yarde Metals

AEROSPACE INDUSTRIES ASSOCIAT ION1000 Wilson Blvd. #1700 Arlington, VA 22209-3928 Phone 703.358.1000 www.aia-aerospace.org

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On February 21, the Export-Import Bank of the United States announced at the Savannah, Ga., headquarters

of Gulfstream Aerospace Corporation that it has surpassed its two year goal of financing $1 billion in sales of American-made business aircraft and helicopters.

The deal that put the Ex-Im Bank over the top was the guarantee of a $300 million loan extended by Apple Bank for Savings to Minsheng Financial Leasing Company Ltd. of Tianjin, China to finance the purchase of four G450 and four G550 business aircraft manufactured by Gulfstream.

“Business aircraft is a great example of a homegrown American industry that is creating jobs in communities across the country, thanks to support from the Export-Import Bank,” said Ex-Im Bank Chairman and President Fred P. Hochberg at the event. “Despite an increase in the number of foreign competitors, America’s business jet manufacturers continue to demonstrate the advantages of manufacturing high technology, high-quality products in the USA. Our loan guarantee…will boost the export of eight of these state-of-the-art, American-made business jets to China and bolster U.S. jobs in Georgia. It is great to see that even in this competitive global marketplace the Chinese continue to buy American.”

Larry Flynn, President of Gulfstream Aerospace noted, “In 2008, we had 10 Gulfstream aircraft based in China. Today, this

number has grown to more than 80 aircraft. The support that Gulfstream receives from Ex-Im Bank allows us to be more competitive around the world and has enabled us to grow the number of employees in the U.S.”

AIA President and CEO Marion C. Blakey added, “The Ex-Im Bank is an essential partner for America’s job creating manufacturers, and for the many supply chain companies that support them. I’m gratified that under Chairman Hochberg’s leadership, the bank has made such a strong commitment to supporting not only general aviation, but also space systems and commercial aviation. And lest we forget, the export credits that make this and other sales possible come at no cost to the taxpayer – actually returning more than $1.1 billion last year to the Treasury.” Last year the bank aided 3,400 companies – many medium and small – in supporting over 200,000 U.S. jobs. AIA has made congressional reauthorization of the Ex-Im Bank one of its top legislative priorities for this year.

Export-Import Bank Tops $1 billion in Financing for General Aviation and Helicopters

Pictured from left to right touring Gulfstream’s Savannah, Ga. assembly facility: Gulfstream President Larry Flynn, Ex-Im Bank

Chairman Fred Hochberg, AIA President and CEO Marion C. Blakey, and Gulfstream’s Vice President of Communications Steve Cass.

AIA’s Communications Team, pictured left to right: Chip Sheller (Vice President), Dan Stohr (Director), Keith Mordoff (Assistant Vice President),

Edward Goldstein (Senior Writer/Editor), Adam Kostecki (Manager, Multimedia), Ashley Gudzak (Manager), Derrick Deck (Senior Director,

Research) and Lisa Wilmore (Administrative Assistant)

Meet the AIA Communications Team

AIA’s Communications Team champions the cause of the aerospace and defense industry through creative

outreach efforts that include press conferences, media statements and interviews, high profile executive speeches and opinion pieces, and a growing social media presence.

Led by industry veteran Francis “Chip” Sheller, the team has developed innovative tools for AIA’s Second to None campaign to bring the aerospace and defense story into the halls of power, and people’s living rooms across the country.