Press Release

Issued by Precision Aviation Group.

February 27, 2018

Precision Aviation Group, Inc. (PAG), a leading provider of products and value-added services to the worldwide aerospace and defense industry, is pleased to announce the recent signing of an MRO and distribution agreement with UTC Aerospace Systems (UTAS) for main and tail rotor servos for the Airbus AS350. The agreement covers worldwide distribution of line-replaceable units (LRUs) in new and overhauled condition, authorization to repair servos at multiple PAG facilities and market the Fleet Improvement Program (FIP).

"PAG's global network and substantial investment in the UTAS main and tail rotor servos will make it easier for Airbus AS350 operators to access spares in real time, ultimately minimizing aircraft downtime," said Ketan Desai, vice president of sales and marketing for PAG. "This agreement builds on PAG's strategic roadmap of increasing its range of support for OEMs. We are confident that this expanded relationship with UTAS will bring added value to our customers," adds Desai.

UTC Aerospace Systems offers a wide range of helicopter actuators for small, medium and large applications or the civil, commercial and military markets. Both the main and tail rotor actuators incorporate the latest features including the latest developments in servo-valves, solenoid valves, spool valves and detection devices including anti-jamming on the spool valve.

"UTC Aerospace Systems is pleased to welcome PAG as a strategic partner to the distribution and Level 1/2 repairs of our servo actuators for the Airbus AS350. PAG offers the market real-time support and the ability to provide operators with high performance UTAS servos that are available via the Fleet Improvement Program (FIP)," said UTC Aerospace Systems head of sales and business development, Robert Bennett.