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Wed, Jan 21, 2004

Dunlop Subsidiary Awarded Navy T56 Contract

Standard Aero Clinches T56 Engine Maintenance Deal

Dunlop Standard Aerospace Group Limited's subsidiary company, Standard Aero, has been awarded a one year contract with four renewable one year options to provide Depot Level Repairs for the Navy's T56 Series III engine modules.

The contract is structured as an estimated $84.7 Million indefinite delivery/indefinite quantity for the one-year term, with similar revenue estimates on renewal of the contract.

The T56 Series III engine powers the Navy's fleet of P-3 Orion, C-130 Hercules, E-2 Hawkeye, and C-2 Greyhound aircraft. Derivatives of this engine are also used to power various US Navy frigates. Standard Aero claims it has over 40 years of experience in maintaining the Rolls-Royce Allison T56/501 family of engines and will draw upon this experience to provide superior customer service to the U.S. Navy.

"Standard Aero is very pleased to be given the privilege of supporting the needs of the U.S. Navy," said Lee Beaumont, President of Standard Aero's Government Services Division.

"We are confident that our proven maintenance practices coupled with state of the art MRO technologies and facilities will ensure the Navy is provided with reliable engines capable of effective performance in all environments the aircraft are flown in," said Jim Henry, Vice President of Engineering for Standard Aero Government Services Division.

Standard Aero, a member of Dunlop Standard Aerospace Group, is one of the world's largest independent small gas turbine engine, accessory repair and overhaul companies. Standard Aero performs repair and overhaul on Pratt & Whitney, Rolls-Royce, Honeywell, and General Electric engines used in regional airlines, business aviation, military, and government aircraft.

FMI: www.dunlopstandard.com

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