FOR IMMEDIATE RELEASE

Contact : Michael King
Phone: 1 805 462 3000
Email: mking@kinggroup.com

McKECHNIE AERPOSPACE COMBINES LEADING HERITAGE COMPANIES INTO FOUR INTEGRATED AEROSPACE TECHNOLOGY GROUPS

New Groups are more than the sum of their parts, will bring benefits of Solutioneering to the Aerospace Industry

WARWICKSHIRE, ENGLAND (JULY 22, 2003) ... UK based McKechnie Aerospace has combined over a dozen heritage companies into four coordinated, interacting technological groups  - Structures, Aftermarket, Fasteners, and Electromechanical - according to an announcement by Mr. Robert Gibbon, Divisional Chief Executive, Aerospace Division.

Mr. Gibbon noted that, "The groups were formed to strengthen McKechnie Aerospace as a proactive supply chain partner and to allow each of the heritage company¹s customers to better realize the significant benefits of solutioneering.  Each of the heritage companies has earned an exceptional reputation for problem solving within its technology field, but now as a group we¹re able to push the envelope further than any single company could when it comes to pioneering solutions for our customers at any point in the value chain."

Through the process of solutioneering, McKechnie Aerospace companies work in close partnership with airframe and engine manufacturers and their subcontractors in the creation of new products.  In addition, Group member companies work extensively with the world¹s commercial operators, MROs, corporate operators and FBOs in the on-going analysis of product performance and in the development of product enhancements.  By integrating each of the heritage companies into coordinated groups, this full-cycle approach affords McKechnie Aerospace an integrated feedback system that makes the company unique in the aerospace community and an exceptionally strong partner in the collaborative solutioneering of next generation systems.  Already, McKechnie Aerospace can site many successes in helping airframe, engine, and supporting manufacturers meet difficult challenges with innovative "first to market" solutions, and is in the top five in terms of value-added PMAs.

The four groups, heritage companies that comprise the each group, and group technology focus is as follows:

Structures Group

Heritage companies: Hartwell, TAC, TYEE

Technology focus: the design, manufacture and service of latches, latching systems, engineered flight control rods, interior and exterior hold-open rods, airframe and engine struts, integrated door and canopy sub-assemblies and systems.

Aftermarket Group

Heritage companies: Aero Quality, Arger, HASCO

Technology focus: Advanced e-com based supply chain support services for aircraft operators, MROs and FBOs, including 24/7 support of a wide range of value added PMA parts developed and sourced from an extended network of industry leading principals and McKechnie Aerospace heritage companies.

Fasteners Group

Heritage companies: Valley-Todeco, Linread Northbridge Redditch, Linread Northbridge Leicester

Technology focus: the design, manufacture and logistical support of specialist studs, bolts, rivets and loader slot bearings for critical, high performance aircraft engine, airframe and space applications.

Electromechanical group

Heritage companies: Electromech, Encore, Welco

Technology focus: the design, manufacture and service of flight control actuators and systems, landing gear actuators, blowers, motors, integrated electromechanical assemblies and PMA parts.

Through these four groups comprised of highly experienced and respected heritage companies, McKechnie Aerospace provides a broad spectrum of components, related systems, and engineering solutions to a wide range of customers, including: MROs, corporate operators and FBOs, Military and government organizations, airframe OEMs, Engine OEMs, as well as aerospace systems and sub-systems manufacturers.

To arrange for an interview with Mr. Gibbon, contact: Michael King at the King Group, phone 1.805.462.3000.  E-mail: mking@kinggroup.com

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