Standard Aero to Provide Technical Publications Support to Canadian Forces CC130 Hercules Aircraft

Winnipeg, MB, October 25, 2005 – Standard Aero announced today the award of a significant long term publications contract to its Maintenance, Repair and Overhaul (MRO) Division located in Winnipeg MB. Canada’s Department of National Defence (DND) has recently announced the award of an Optimized Weapons System Management (OWSM) Contract for the CC130 Hercules Primary Air Vehicle (PAV) to the industry team known as “Herc Solutions”. “Herc Solutions” is a comprehensive partnership of leading “Hercules” community contractors that includes as prime contractor, Cascade Aerospace of Abbotsford B.C, Canada and as partners Marshall Aerospace of Cambridge in the United Kingdom, Derco Aerospace, Milwaukee USA and Standard Aero Limited, Winnipeg MB, Canada.

Paul Soubry, President of Standard Aero’s MRO Division commented, “Standard Aero is proud to be a part of the Herc Solutions team and to provide essential publications support for both the CC130 OWSM and T56 engine and propeller contracts. Our experience and knowledge supplying the Department of National Defence with first-rate paper and interactive electronic technical manuals for the past 20 years can now be applied to support this critical component of Canada’s Air Force.”

The OWSM contract is a long term Government/Industry agreement to provide support for the CC130 Hercules aircraft for a minimum of six years including a six-month implementation period, with optional extensions outward to the Estimated Life Expectancy (ELE) of the aircraft. Herc Solutions in-service contract support responsibilities include aircraft maintenance, program management, engineering, publications and materials support.

Standard Aero will be responsible for the provision of highly structured technical publications support and consultation services that will enhance the CC130 OWSM Program and provide Canada with a “Mission Ready” fleet. Standard Aero’s portion of the contract is worth approximately $8.5 Million CDN over the first six years. As part of the implementation plan, Standard Aero will begin immediately augmenting its Winnipeg, MB and Abbotsford, BC operations by recruiting additional Technical Writers, Illustrators, Programmers, Translators, Editors, Management and Support personnel.

Standard Aero is a world leader in providing aerospace Maintenance Repair and Overhaul services. Standard Aero performs repair and overhaul on Rolls-Royce, Pratt & Whitney Canada, Honeywell, and General Electric engines used in regional airlines, business aviation, military, and government aircraft. Standard Aero is a recognized leader in business process redesign in the aviation MRO market, providing the tools, training and implementation to drive profitable growth and dramatically improve business performance including increased throughput and reduced costs.

Information in this release may involve guidance, expectations, beliefs, plans, intentions or strategies regarding the future. These forward-looking statements involve risks and uncertainties. All forward-looking statements included in this release are based upon information available to Standard Aero Holdings, Inc. as of the date of the release, and Standard Aero Holdings, Inc. assumes no obligation to update any such forward-looking statements. The statements in this release are not guarantees of future performance and actual results could differ materially from current expectations. Numerous factors could cause or contribute to such differences, many of which are beyond the company’s control.