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PRESS RELEASE

Aero Precision Receives Presidential Award for Export

LIVERMORE, Calif., May 16, 2016


U.S. Secretary of Commerce Penny Pritzker today presented Aero Precision, a Greenwich AeroGroup Company, with the President’s “E” Star Award for Exports at a ceremony in Washington, D.C. The President’s “E” Star Award is the highest recognition any U.S. entity can receive for making a significant contribution to the expansion of U.S. exports.

Aero Precision has demonstrated a sustainable commitment to export expansion,” said Secretary Pritzker in her congratulatory letter to the company announcing its selection as an award recipient. "The “E” Awards Committee was impressed with Aero Precision’s dedication to customer relations through personalized visits and the company’s participation in trade events was also particularly notable. Aero Precision’s achievements have undoubtedly contributed to national export expansion efforts that support the U.S. economy and create American jobs."

"Exporting continues to be the foundation of our sales growth, and we are honored to receive the “E” Star Award,” said Aero Precision’s Vice President of Business Development Ertugrul Turhal. “Eighty-four percent of our 2015 sales were from foreign customers and that trend will continue as our international relationships increase and strengthen. We are proud to export U.S. products to more than 60 countries and keep their aircraft flying.”

In 1961, President Kennedy signed an executive order reviving the World War II “E” symbol of excellence to honor and provide recognition to America's exporters. Today, Secretary Pritzker honored 123 U.S. companies with the President’s “E” Award for their outstanding work to reduce barriers to foreign markets and to open the door to more trade around the world.

In 2015, U.S. exports totaled $2.23 trillion, accounting for nearly 13 percent of U.S. GDP. Nationally, exports contributed to the U.S. economy, supporting an estimated 11.5 million jobs.

U.S. companies are nominated for the “E” Awards through the Department of Commerce’s U.S. Commercial Service office network, located within the Department’s International Trade Administration, with offices in 108 U.S. cities and more than 70 countries. Record years of successive export growth and an applicant’s demonstration of an innovative international marketing plan that led to the increase in exports is a significant factor in selecting the winners.

For more information about the “E” Awards and the benefits of exporting, visit www.export.gov.

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About Aero Precision

Aero Precision is a leader in aerospace distribution and services and a premier worldwide stocking distributor of aircraft OEM parts. With over 20 years of reliability, quality products and customer service, Aero Precision facilitates the purchasing and R&OH process by sourcing all military aircraft parts requirements under its unique logistic support model. Aero Precision has sole stocking distribution agreements with Honeywell, UTAS (Hamilton Sundstrand), Crane Aerospace, Texstars, CEF, Parker, Pall, Eaton, Marvin Test Solutions, Champion Aerospace, Zodiac Aerospace, Essex Industries and other strategic OEM partners for various product lines and supports 60+ countries worldwide. News and information are available at www.aeroprecision.com.

About Greenwich AeroGroup
Greenwich AeroGroup Inc., owns and operates providers of general, commercial, government and military aviation services including: maintenance, avionics and interior refurbishments; fixed base operations; aircraft sales, charter and management; manufacturing; component repair and overhaul and parts distribution. Current locations include: Aero Precision Industries, located in Livermore, Calif.; DAC International, located in Austin, Texas; Professional Aircraft Accessories, located in Titusville, Fla., and Miami, Fla.; Professional Aviation Associates, located in Atlanta, Ga.; NASAM, located in South San Francisco, Calif.; Summit Aviation, located in Middletown, Del.; TruAtlantic Mfg., located in Kernersville, N.C.; and Western Aircraft, located in Boise, Idaho. Additionally, Greenwich AeroGroup owns an interest in Helivia Aero Taxi located in Rio de Janeiro. News and information are available at www.greenwichaerogroup.com.

 

For more information
Kasey Baker
316.213.9280
KBaker@greenwichaerogroup.com