Precision Aviation Group, Parker Hannifin Reach One-Year MRO Services Agreement

Precision Aviation Group (PAG), exclusive provider of ISMRO® (Inventory Supported Maintenance Repair & Overhaul), announces a maintenance agreement between its subsidiary, Precision Heliparts-Canada (PHP-C) and Cleveland, OH-based Parker Hannifin.

The one-year contract between Precision Aviation Group and Parker Hannifin covers support on part numbers for Sikorsky S-76, Bell 206 and 212, and Eurocopter AS350 rotary-wing aircraft, as well as DeHavilland Dash 7, Bombardier Dash 8 and Embraer 110 fixed-wing aircraft. Services include repairs and exchanges of hydraulic components, electronic display systems, flight controls, fuel pumps and instrumentation.

David Mast, PAG President and CEO, said, "This agreement expands on PAG's current relationship with Parker Hannifin. Their products are on the aircraft platforms we support and this partnership will allow us to greatly expand the number of Parker Hannifin products and services we can offer to our customers. Building OEM partnerships is critical for our long term success, and we are proud to have teamed with Parker Hannifin."

Director of Customer Service for Parker Hannifin's Customer Support Operations Cary Benes said, "Parker Hannifin is pleased to be supporting PHP-C in our common goal of providing world-class customer support to PHP-C's many fixed-wing and rotary-wing aircraft customers."

"This MRO Agreement will further our commitment to support both our Rotary and Fixed Wing customers in every way possible," said PHP Canada's Vice-President of Business Development Steve Lambert. "I am extremely pleased that Parker Hannifin has chosen PHP-C to expand their support services in conjunction with PAG's global customer network."

About Parker Hannifin: With annual sales exceeding $10 billion, Parker Hannifin is the world's leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of mobile, industrial and aerospace markets. The company employs approximately 52,000 people in 48 countries around the world. Parker Hannifin has increased its annual dividends paid to shareholders for 53 consecutive years, among the top five longest-running dividend-increase records in the S&P 500 index.

About Precision Aviation Group: PAG is a leading provider of products and value-added services to the worldwide aerospace and defense industry. With sales/service facilities in the United States and Canada, PAG uses its distinct business units and customer focused business model to serve aviation customers through two business functions - Aviation Supply Chain and its trademarked Inventory Supported Maintenance, Repair and Overhaul - (ISMRO®).

PAG provides parts and MRO services for helicopters and fixed-wing aircraft through Precision Heliparts (PHP www.heliparts.com) and Precision Avionics & Instruments (PAI www.precisionavionics.com) in Atlanta, GA and Precision Heliparts - Canada (PHP-C www.heliparts.ca) and Precision Accessories & Instruments (PAI-C www.paicanada.ca) in Vancouver, BC. PAG has MRO capability on 8,500 different products, including accessories, avionics, instruments and starter generators.

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SOURCE: Precision Aviation Group

Rodney Shumake, PAG Marketing Director, +1-404-768-9090, Fax: +1-404-768-9006,
rshumake@heliparts.com Web Site: http://www.precisionaviationgroup.com

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