WICHITA, Kan. (Nov. 22, 2011) – Following the notification last week that Hawker Beechcraft Corporation (HBC) was excluded from the Light Air Support (LAS) bidding process, the company has requested that the Government Accountability Office (GAO) review the Air Force’s decision. The company issued the following statement on this action:
“Yesterday, we received notification that the United States Air Force formally denied our second request for a debriefing. As a result, we still have no information on why the Beechcraft AT-6 was excluded from the Light Air Support competition. We continue to believe that we offered the most capable, affordable and sustainable light attack aircraft as measured against the Air Force’s Request for Proposal. HBC’s exclusion from competing for this important contract appears at this point to have been made without basis in process or fact. We are very interested in learning more about the decision and look forward to the results of the GAO’s review.”
Hawker Beechcraft Corporation is a world-leading manufacturer of business, special mission, light attack and trainer aircraft – designing, marketing and supporting aviation products and services for businesses, governments and individuals worldwide. The company’s headquarters and major facilities are located in Wichita, Kan., with operations in Salina, Kan.; Little Rock, Ark.; Chester, England, U.K.; and Chihuahua, Mexico. The company leads the industry with a global network of more than 100 factory-owned and authorized service centers. For more information, visit www.hawkerbeechcraft.com.
This release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, including statements that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements. Forward-looking statements are based on management’s assumptions and assessments in light of past experience and trends, current conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results may differ significantly from those envisaged by our forward-looking statements. Among the factors that could cause actual results to differ materially from those described or implied in the forward-looking statements are general business and economic conditions, production delays resulting from lack of regulatory certifications and other factors, competition in our existing and future markets, lack of market acceptance of our products and services, the substantial leverage and debt service resulting from our indebtedness, loss or retirement of key executives and other risks disclosed in our filings with the Securities and Exchange Commission.