Membership reflects company’s growing international footprint
SHANGHAI (March 27, 2012) – Hawker Beechcraft Corporation (HBC) today announced that it has been admitted into the World Economic Forum’s Community of Global Growth Companies (GGC). Joining the GGC’s membership base of more than 300 companies from over 60 countries recognizes Hawker Beechcraft’s shift throughout the past decade to become a global business. Out of all of the international markets, HBC sees Asia providing some of the greatest opportunities for future growth.
“As membership is by invitation only, our inclusion into such a prestigious establishment is a huge honor and we look forward to drawing inspiration from other members to use as a foundation for even further expansion on an international scale,” said Shawn Vick, Chairman and CEO, Hawker Beechcraft International. “We hope we can forge strong partnerships with like-minded companies to meet demand from our customers in Asia.”
As part of its admission, Hawker Beechcraft will proactively participate in World Economic Forum regional activities with dedicated GGC sessions such as the Annual Meeting of the New Champions 2012 in Tianjin, People’s Republic of China, in September.
Founded in 1971, the World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas. With this January’s summit in Davos attracting some 40 heads of state, 69 billionaires, 18 central bankers and approximately 2,600 delegates, its position at the heart of global finance is undeniable.
The Global Growth Companies community was created in 2007 to establish a long-term and intensive framework for the integration of organizations and personalities served by the World Economic Forum. Activities are oriented to anticipate the evolving needs of its members and in concert with its commitment to improving the state of the world.
The GGC is chartered to engage dynamic, high-growth companies with the potential to be global industry leaders and become drivers for economic and social change. It is made up of highly influential companies across a range of sectors. For more information, visit http://www.weforum.org/videos/global-growth-companies.
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 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.