SGL Group Subsidiary HITCO Awarded Contract Extension To Provide 767 Flap Track Fairings to Boeing

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LOS ANGELES - HITCO Carbon Composites, Inc. (HITCO), a subsidiary of the German based SGL Group, announced today that it would continue to supply Flap Track Fairings for Boeing's 767 Program through April of 2008. HITCO will produce two ship sets per month that will be used on both the civilian 767 Airliner and the KC 767 Tanker. "This extension validates HITCO'S tradition of excellence as a recognized 'Gold Supplier,' and manufacturer of this component for the last 25 years," observed Edward G. Carson, Chief Executive Officer. "With our enhanced manufacturing capabilities due to extensive plant modernization and automation featuring our new investments in automated tape lay-up and automated fiber placement equipment, we are dedicated to becoming a fully automated Best-in-Class, Tier II supplier as well as, a leader in complex hand lay-up manufacturing. We are committed through lean manufacturing to supply on-time, the highest quality Flap Track Fairings that will allow us to continue supplying the 767 Flap Track Fairings well beyond 2008." HITCO Carbon Composites, Inc. was founded in 1922 and manufactures advanced composite materials primarily for aerospace and defense applications. HITCO continues to be an innovative leader in the advancement of carbon composite technologies and continues to strategically focus within the SGL Group on new projects for aerospace/aircraft and defense applications.