Able Aerospace Signs MRO Agreement for AgustaWestland Products

Able Aerospace June 14, 2016

Able Aerospace ServicesAgustaAW139, a subsidiary of Textron Aviation Inc., a Textron Inc. (NYSE: TXT) company, has been named by Leonardo-Finmeccanica, through AgustaWestland Philadelphia Corporation, as an approved supplier for maintenance, repairs, overhaul and testing for AgustaWestland products’ components.

Under a newly signed agreement, Able becomes an official member of the Leonardo Helicopters’ worldwide service network and an approved supplier for maintenance, repairs, overhaul and testing to AgustaWestland products’ dynamic components. Services under this agreement include a range of special processing and testing, of which Able completes 100 percent of all jobs in house.

We have worked with Leonardo Helicopters for more than a decade, and applaud its commitment to strong aftermarket maintenance support,” said Able Aerospace Services Vice President John Jackson. “This new agreement gives Able more efficient avenues to do what we do best, which is to support aircraft operators with safe, fast, cost-saving aftermarket MRO.”

From its headquarters and maintenance facilities on the Phoenix-Mesa Gateway Airport in Mesa, Arizona, Able offers FAA approved component repair, overhaul and approved replacement parts solutions to commercial and military aviation fleets in more than 60 countries worldwide. This includes extensive in-house capabilities such as electroplating, chemical processing, machining, grinding, NDT testing, hydraulics, bearings services, and painting.

Able operates from a broad platform of airworthiness certifications from entities including the FAA, EASA, CAAC, JCAB, DCAT, ANAC and the Brazilian Navy.

About Able Aerospace Services

Able Aerospace Services is a leading supplier of component and MRO services. With headquarters and maintenance facilities on the Phoenix-Mesa Gateway Airport (KIWA) in Mesa, Arizona, Able’s products & services support commercial and military fixed- and rotor-wing aviation. Able combines 32 years of aviation experience with a staff of more than 500 employees to accomplish its mission: To safely reduce aircraft operating costs by providing resourceful component repair, overhaul and approved replacement parts solutions. Able is certified by numerous airworthiness authorities including the FAA, EASA, ANAC, CAAC and others.

About Textron Aviation Inc.

Textron Aviation Inc. is the leading general aviation authority and home to the Beechcraft, Cessna and Hawker brands, which account for more than half of all general aviation aircraft flying. The Textron Aviation companies include Cessna Aircraft Company and Beechcraft Corporation, bringing together decades of unmatched experience in designing, building and supporting airplanes. It provides the most versatile and comprehensive general aviation product portfolio in the world through five principal lines of business: business jets, general aviation and special mission turboprop aircraft, high performance piston aircraft, military trainer and defense aircraft, and a complete global customer service organization. Its broad range of products include such best-selling aircraft as Citation and Hawker business jets, King Air and Caravan turboprops and T-6 military trainer aircraft, all of which are backed by the industry’s most capable global service network. For more information, visit txtav.com.

About Leonardo-Finmeccanica

Leonardo-Finmeccanica is among the top ten global players in Aerospace, Defence and Security and Italy’s main industrial company. As a single entity from January 2016, organised into business divisions (Helicopters; Aircraft; Aero-structures; Airborne & Space Systems; Land & Naval Defence Electronics; Defence Systems; Security & Information Systems), Leonardo-Finmeccanica operates in the most competitive international markets by leveraging its areas of technology and product leadership. Listed on the Milan Stock Exchange (LDO), at 31 December 2015 Finmeccanica recorded consolidated revenues of 13 billion Euros and has a significant industrial presence in Italy, the UK and the U.S.

Certain statements in this press release are forward-looking statements which may project revenues or describe strategies, goals, outlook or other non-historical matters; these statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements.

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