Standard Aero Awarded Multi-Million Dollar Contract For Transformation Services at Hill AFB, UT.

Layton, Utah, April 18, 2005 – Standard Aero, through prime contractor Battelle, has been awarded a two-year contract with a ceiling estimate of $16.7 Million to provide Lean / Cellular Transformation Services at the Ogden Air Logistics Center (OO-ALC) located at Hill Air Force Base, UT. As part of this contract, Standard Aero will implement Cellular Designs for C-130 and F-16 depot maintenance lines aimed at achieving dramatic improvements in performance. The OO-ALC performs Depot Maintenance for the C-130, F-16 and A-10 Aircraft.

The contract scope calls for the Lean / Cellular implementation with associated equipment and facilities upgrades. For the past 18 months, a dedicated team of Ogden ALC, Battelle, and Standard Aero Engineering and Operations personnel have developed Lean / Cellular designs for the C-130 and F16 maintenance operations. Standard Aero used its comprehensive systems engineering transformation methodology coupled with the significant expertise and insight from OO-ALC personnel to develop designs aimed at improving efficiency, decreasing maintenance flow days. Standard Aero established its Ogden operations in 2003 under the Redesign Services Division to support the Air Force’s Transformation initiatives.

“Standard Aero is very pleased to be given the privilege of supporting the needs of the U.S. Air Force and OO-ALC,” said Dan Gonzales, Vice President of Standard Aero’s Affordable Readiness & Transformation™ Business Unit. “We applaud the Ogden ALC’s continued focus on quality, delivery speed, and cost. We appreciate OO-ALC’s involvement and dedication, and we stand committed to deliver.”

“This award represents a significant milestone for Standard Aero taking our unique methodology into an aircraft facility,” continued Ed Richmond, President of Standard Aero Redesign Services Division. “We see our partnership as an opportunity to take Ogden ALC’s already impressive operations into a Lean / Cellular environment, ultimately benefiting the Warfighter and American taxpayer.”

Standard Aero has refined its specialized business process redesign methodology since first deployment in 1989, and extending it to all of the company’s worldwide facilities in addition to military customer installations. The company has achieved substantial throughput increases, increased quality through TO compliance and reliability centered maintenance, and world best turn-times of 15 to 30 days.

Standard Aero is a world leader in providing aerospace MRO services. Standard Aero performs repair and overhaul on Pratt & Whitney Canada, Rolls-Royce, Honeywell, and General Electric 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 is a member company of the Aerospace and Defense Portfolio of The Carlyle Group.