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Wed, Mar 24, 2004

Adam Aircraft Has A New Chief

Adam Appoints Joe Walker As President

On Tuesday, Adam Aircraft announced the appointment of Joe Walker as President of the Company. Prior to his appointment last year to Adam Aircraft's Board of Directors, Walker had a distinguished career with other leading aircraft manufacturers. Most recently he was Senior Vice President of Worldwide Sales for Gulfstream Aerospace and Vice President of General Dynamics. He held senior roles at Gulfstream from 1995 to 2002 as the firm grew through an Initial Public Offering, and later an acquisition by General Dynamics. Walker is a multi-engine, instrument rated pilot and has owned several cabin-class piston twins. He holds a BS in aeronautical engineering and an MBA.

Before Gulfstream, Walker was at Cessna Aircraft Company from 1975 to 1994. He held managerial positions in sales, technical support, market research and strategy. While at Cessna, Joe played an integral role in the success of the Citation product line including the launch of the CitationJet. His last assignment at Cessna was Vice President of Worldwide Sales.

"With over 25 years of experience in leading general aviation companies, Joe Walker initially will play a key role in the expansion of Adam Aircraft's sales, marketing and customer support capabilities," said Rick Adam, CEO of Adam Aircraft.

FMI: www.adamaircraft.com

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