WICHITA, Kan., (June 8, 2007) – Hawker Beechcraft Acquisition Company, LLC reported first quarter 2007 operating income of $28.4 million as compared to $10.1 million in the first quarter of 2006. The first quarter 2007 operating income increase reflected higher volume of new aircraft deliveries and a favorable product mix.

“Our performance in the first quarter was strong and positions us well as we transition to new ownership as Hawker Beechcraft,” said Jim Schuster, Chairman and CEO.

Net sales for the first quarter 2007 were $667.8 million, up 32.3% from $504.6 million in the first quarter of 2006. Cash flow from operations for the first quarter 2007 was an outflow of $102.1 million versus an inflow of $22.6 million for the first quarter 2006. The decrease in operating cash flow was primarily due to the receipt of a $167.6 million advance payment in the first quarter 2006 on the JPATS program, without a similar receipt in the first quarter 2007. Significant advance payments are not expected in the future on the JPATS program.

Cash used in investing activities was $27.3 million in the first quarter 2007 as compared to $8.7 million in the first quarter 2006. Expenditures relate to capital expenditures consisting of company-manufactured tooling, expansion of manufacturing facilities and modernizing equipment and software additions.

Total net bookings for the first quarter 2007 were $499.5 million compared to $513.8 million in the first quarter 2006. The Company ended the first quarter 2007 with backlog of $3.9 billion compared to $2.9 billion at the end of the first quarter 2006.

Financial and other information for the first quarter 2007 is available on the Company’s website.

Hawker Beechcraft is the world’s leading business, special-mission and trainer aircraft manufacturer – designing, marketing and supporting aviation products and services for businesses, governments and individuals worldwide. The company’s headquarters and major facilities are located in Wichita, Kan., with operations in Salina, Kan.; Little Rock, Ark; and Chester, England, U.K. The company leads the industry with a global network of over 100 factory-owned and authorized service centers.

On March 26, 2007, Raytheon Company announced the sale of its wholly owned subsidiary Raytheon Aircraft Company to Hawker Beechcraft Inc., a new company formed by Onex Partners and GS Capital Partners, an affiliate of Goldman Sachs, for approximately $3.3 billion in cash. The sale was first announced on December 21, 2006.

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