L3CA

L3 Increases Cadet Pilot Training Capacity With Significant Aircraft Order

by L3 Commercial Aviation on 04/02/2019

CRAWLEY, U.K., April 2, 2019 – L3 Commercial Aviation has selected Piper Aircraft to supply as many as 240 new aircraft options to expand and modernize the airline fleet across its Airline Academy pilot training sites. The fleet will support growing demand for its cadet pilot programs in light of the global shortage of pilots.

“Many cadets tell us that the first time they take to the skies is one of the most exhilarating and important moments within their training journey. That’s why we are continuously exploring ways to improve both the quality and capacity of our training facilities,” said Geoff van Klaveren, Vice President of Airline Academy, which is part of L3 Commercial Aviation. “This significant investment in expanding and modernizing our fleet with these brand-new aircraft will help us in our aspiration to provide the highest-quality training while meeting the increasing international demand for new pilots from our airline customers.”

The new fleet will be equipped with the latest technology used on commercial jets, providing an up-to-date training environment for pilots of the future as they prepare for their goal of joining a commercial airline. As part of the deal, the first 26 aircraft will arrive this year from April onwards and will include 19 single-engine Piper Archers and seven twin-engine Piper Seminoles.

The new aircraft will feature glass cockpits and include the latest safety equipment, such as Automatic Dependent Surveillance-Broadcast (ADS-B), complementing and supporting the current fleet.

“We are delighted to sign this long-term deal with L3, knowing that our aircraft will be helping to launch the careers of aspiring pilots around the world,” said Simon Caldecott, President and CEO of Piper Aircraft, Inc. “These modern planes are the ideal aircraft for cadets to learn and first experience the unique joy of flying.”

The new aircraft will be based at L3’s Airline Academies in Florida, U.S.; Ponte de Sor, Portugal; and in the U.K. The deal represents a significant investment in L3’s infrastructure and training capacity throughout its international footprint.

During the last 18 months, L3 Commercial Aviation’s cadet training operations have opened a new Airline Academy in Ponte de Sor, Portugal, and invested in new facilities, aircraft and technologies at existing sites in the U.K., U.S. and New Zealand. L3 has also invested in training and recruiting more pilot instructors to increase capacity across its sites.

About L3 Commercial Aviation
L3 Commercial Aviation provides holistic solutions across a wide range of services to the commercial aviation industry. From check-in to touchdown, L3 Commercial Aviation’s integrated solutions work to make air travel safer, more efficient and more effective. Its expertise spans on-aircraft avionics, integrated airport security and complete pilot training offerings. It combines products and services from L3’s Aviation Products, Commercial Training Solutions, and Security & Detection Systems business units, as well as ACSS, a joint venture of L3 and Thales. To learn more about L3 Commercial Aviation, please visit the company’s website at www.L3CommercialAviation.com.

About L3 Technologies
With headquarters in New York City and approximately 31,000 employees worldwide, L3 develops advanced defense technologies and commercial solutions in pilot training, aviation security, night vision and EO/IR, weapons, maritime systems and space. The company reported 2018 sales of $10.2 billion. To learn more about L3, please visit the company’s website at www.L3T.com.

About Piper Aircraft
Piper Aircraft Inc., headquartered in Vero Beach, Fla., offers aviators throughout the world efficient and reliable single- and twin-engine aircraft. The single-engine M-Class series – the M600, M500, and the M350 – offers businesses and individuals elegant performance and value. The Personal Class Seneca V, Archer LX and Archer DLX balance proven performance, efficiency, and simplicity in a piston powered aircraft. The Trainer Class Warrior, Archer TX, Archer DX, Arrow, Seminole and Seneca V aircraft form the most complete technically-advanced line of pilot training aircraft in the world. Unparalleled service and support is offered through a network of 38 dealers and nearly 100 service centers worldwide. Piper is a member of the General Aviation Manufacturers Association.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
Except for historical information contained herein, the matters set forth in this news release are forward-looking statements. Statements that are predictive in nature, that depend upon or refer to events or conditions or that include words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” “will,” “could” and similar expressions are forward-looking statements. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in the company’s Safe Harbor Compliance Statement for Forward-Looking Statements included in the company’s recent filings, including Forms 10-K and 10-Q, with the Securities and Exchange Commission. The forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements.