February 28, 2012

Hawker Beechcraft Commends U.S. Air Force Decision to Reverse LAS Contract Award

WICHITA, Kan. (Feb. 28, 2012) – Hawker Beechcraft today received notice that the U.S. Air Force will set aside the contract previously awarded to Sierra Nevada/Embraer for the Afghanistan Light Air Support (LAS) competition, effective March 2, 2012, and reinstate Hawker Beechcraft Defense Company to the competitive range under the procurement.
“We commend the Air Force for this decision and we believe strongly it is the right thing for the Air Force, the taxpayers and the people of Hawker Beechcraft,” said Bill Boisture, Chairman, Hawker Beechcraft Corporation. “We look forward to competing for this contract as this important initiative moves forward.
“This LAS competition is about much more than 20 aircraft for Afghanistan or a billion dollar contract,” Boisture added. “It is about the U.S. Air Force’s ability to build relationships with U.S. partner nations around the world for a generation to come. We continue to believe the American manufactured AT-6 is the right aircraft for this critical United States mission.”
The Beechcraft AT-6 is the most capable, affordable, sustainable and interoperable light attack aircraft in the world today. The aircraft has proven that it can accomplish the entire mission spectrum described in the LAS competition and more. Importantly, the AT-6 has class-leading weapons capabilities including NATO-standard unguided munitions, laser guided bombs and laser guided air-to-ground missiles. Additionally, the AT-6 is the first and only fixed-wing aircraft to have integrated and successfully employed 2.75” laser guided rockets.
Hawker Beechcraft is grateful to have the support of its employees, concerned Americans, members of the flying military and policy makers from across the United States. The company will continue to provide appropriate information to those interested at www.missionreadyat6.com, as well as on Facebook at www.facebook.com/MissionReadyAT6.
The AT-6 is a world-class, light attack aircraft that has been evaluated and proven capable through a multi-year, Congressionally-funded program led by the Air National Guard. The benefits of the AT-6 include the following important factors:
  • The AT-6 is designed and manufactured in the U.S. to be used by the U.S. and its allies.
  • Keeping this contract in the U.S. will help preserve 1,400 domestic jobs at 181 companies in 39 states.
  • The AT-6 draws its heritage from the airframe of the number-one training aircraft in the world, the Beechcraft T-6. The company has built more than 740 T-6 aircraft, which are used to train every fixed-wing military pilot in the United States and are successfully operated by six allied air forces around the world. The graduation to the AT-6 light attack airplane would be a natural progression.
  • The AT-6 is the sum of the Air Force’s proven T-6, A-10C mission system and MC-12W sensor suite, which offers the Department of Defense logistics and cost efficiencies that no other aircraft in the competition can match.
  • The weapons and avionics systems included on the AT-6 are familiar to NATO allies and have been proven effective on many continents and in other NATO aircraft.

Hawker Beechcraft 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 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.

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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.

Media contact:
Nicole Alexander
+1.316.676.3212
Nicole_Alexander@hawkerbeechcraft.com
www.hawkerbeechcraft.com