Standard Aero Awarded Contract for PT6A Engine Maintenance Services on U.S. Navy T-34 and T-44 Trainer Aircraft

Winnipeg, Manitoba, July 7, 2006 – Standard Aero has been awarded a contract to provide Pratt & Whitney Canada PT6A-25 and -34 turboprop engine repair and overhaul services for the U.S. Navy’s T-34 and T-44 trainer aircraft. Sikorsky Support Services Inc. (SSSI) is the prime contractor and will provide Contractor Logistics Support for the Chief of Naval Air Training’s Undergraduate Student Naval Aviator (CNATRA) training missions. The contract includes a three-month base period plus four option years. The total value to SSSI for the base period is $22 million. Standard Aero’s agreement with SSSI is part of the Industrial and Regional Benefits Program related to Canada’s Maritime Helicopter Project, awarded to Sikorsky Aircraft in 2004.

“Standard Aero is very proud to be a part of the Sikorsky team expanding our support of the Navy’s mission requirements. With our people, maintenance processes, and Lean-Cellular facilities we will provide the performance and aircraft availability necessary to support the Navy’s demanding training needs,” said Lawrence Traa, Vice President, PT6 Business Unit. Standard Aero provides engine maintenance for various Navy ships and aircraft, including the T56 engine on the Navy’s C-130 Hercules and P-3 Orion fleet of aircraft.

“We look forward to working closely with Standard Aero to meet CNATRA’s Undergraduate Student Naval Aviator training mission,” added Dennis Cleverly, Sikorsky Support Services Inc. Vice President, Business Development. “Standard Aero is an experienced leader in supporting the Navy and in providing unparalleled PT6 engine services. Their capabilities extend well beyond engines services with reliability engineering and proven customer service.”

Since 1985, Standard Aero has serviced over 2,300 PT6 engines and is a Pratt & Whitney Canada Distributor and Designated Overhaul Facility. The PT6A engine powers the U.S. Navy’s primary and intermediate flight training aircraft, T-34C Turbo Mentor and T-44A Pegasus. The Navy operates over 280 T-34C and 54 T-44A aircraft located at NAS Corpus Christi, Texas, NAS Whiting Field, Milton, Florida, and 9 other satellite sites throughout the U.S. Standard Aero will provide PT6 depot maintenance and repairs at the company’s Winnipeg, Manitoba and Maryville, Tennessee facilities, in addition to on-site field service support and program oversight from the company’s San Antonio, Texas offices.

Standard Aero, a leading aerospace company, is one of the world’s largest independent providers of gas turbine Maintenance, Repair, and Overhaul (MRO). Standard Aero services General Electric, Rolls-Royce, Honeywell, and Pratt & Whitney Canada engines used by regional airline, business aviation, helicopter, and military operators. The company is one of the largest PT6 engine MRO providers and has received multiple awards for its performance, including the prestigious Ryan Award for delivering “best-value readiness.” Standard Aero has also been recognized by Pro Pilot magazine as the number one engine MRO provider in two of the last three years. Standard Aero employs specialized business process transformation and continuous process improvement practices, resulting in more efficient and effective business performance. In business since 1911, Standard Aero has over 2,500 employees worldwide and achieved $761M in 2005 sales.