Standard Aero Awarded Major U.S. Coast Guard Contract

Winnipeg, Manitoba, July 21, 2005 – The U.S. Coast Guard awarded Standard Aero a $12.3 million, five-year depot level maintenance requirements-type contract for overhaul of HC-130 propeller assemblies, individual propeller blades, and various HC-130 propeller components. The HC-130 Hercules is a long-range surveillance and transport aircraft powered by four Rolls-Royce T56-A-15 engines and four 54H60 propellers. The U.S. Coast Guard operates 27 HC-130 aircraft from 5 air stations across the U.S.

Standard Aero has been maintaining the 54H60 series propeller since 1993, servicing a variety of customers including the Canadian Forces, Swedish Air Force, Royal Norwegian Air Force, Royal Danish Air Force along with a number of commercial operators.

“Standard Aero is pleased to support the U.S. Coast Guard’s HC-130 propeller maintenance requirements. We are confident that our proven maintenance practices, highly trained people, state of the art technologies and lean / cellular facilities will provide the Coast Guard with maximum propeller performance and asset availability at an affordable rate,” said Ian Smart, Vice President, Large Engine Product Unit.

Standard Aero is a world leader in providing aerospace MRO services. Standard performs 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. Standard Aero employs specialized MRO business process transformation practices to both internal operations and in various customer partnerships, resulting in more efficient and effective business performance. Standard Aero has over 2,600 employees around the world, achieved $793M in 2004 sales, and is privately held in the Aerospace and Defense Portfolio of The Carlyle Group.