Board of Directors

Mr. Rosenfeld has been non-executive Chairman of the Board for the Company since January 2005. Mr. Rosenfeld has been the President and Chief Executive Officer of Crescendo Partners, L.P., a New York based investment firm, since its formation in November 1998. Prior to forming Crescendo Partners, he was a Managing Director at CIBC Oppenheimer and its predecessor company, Oppenheimer & Co. Inc., for fourteen years. He was Chairman of the Board of Spar Aerospace Limited from 1999 through 2001. Spar was involved in the maintenance, repair and overhaul of airplanes and helicopters. Mr. Rosenfeld is a regular guest lecturer at Columbia Business School and has served on numerous panels at Queen's University Business Law School Symposia, McGill Law School, the World President's Organization and the Canadian Foundation for Investor Education and the Directors College. He also has been a regular guest host on CNBC. Mr. Rosenfeld received an MBA from Harvard University and an AB degree in economics from Brown University.

Mr. Fred has been President of the Company since January 2002. He was appointed Chief Executive Officer in January 2003. Prior to being appointed President, Mr. Fred held various positions with the company beginning in February 1995. For approximately ten years prior to joining the Company, Mr. Fred served in various positions for the international division of Grumman, where he last held the position of Controller. In 2004, Mr. Fred was the recipient of the Long Island Association's Small Business Entrepreneurial Advocate Award, and in 2005, was named an Ernst & Young Entrepreneur of the Year Award recipient. He was a panelist at the 2004 Forbes Dynamic Growth Companies Conference and had his work published in the Journal of Management Development. Mr. Fred holds a BBA in Accounting from Dowling College (1980), and graduated from the Inaugural Executive MBA program at Hofstra University in May 2002.

Harvey J. Bazaar has been a Director since December 2006 and Chairman of our Audit Committee since April 2007. A certified public accountant, Mr. Bazaar has spent most of his career in public accounting, having retired from PricewaterhouseCoopers in 2000 as the Global and Americas Leader for the Capital Markets Group. At Coopers & Lybrand, which merged with PriceWaterhouse to form PricewaterhouseCoopers, Mr. Bazaar served on the firm's Executive Committee and as Managing Partner of the New York City office. In post-retirement, from September 2001 to December 2002, Mr. Bazaar served as the Chief Operating Officer of DML Global Services, a company providing fund accounting and related services to private investment funds and other businesses. Since January 2006, Mr. Bazaar has served on the Board of Directors and Audit Committee of BKF Capital Group, Inc., an OTC Bulletin Board company and has served as its President and Chief Executive Officer since January 2007. Mr. Bazaar holds a Bachelor of Science degree from Kent State University.

Kenneth McSweeney has been a Director since February 1998 and Chairman of our Compensation Committee since April 2003. Mr. McSweeney has been an independent consultant to the aerospace industry since January 1995. From 1961 to 1995, Mr. McSweeney served in various management positions for Northrop Grumman Corporation, most recently as the Vice President of its Aerostructures Division and a Director of Business Development for the Mideast and gulf coast region. Mr. McSweeney has extensive experience in aerostructures and logistics support products and is a licensed professional engineer in New York State. He holds Bachelor and Master of Science degrees in Electrical Engineering from the Polytechnic Institute of Brooklyn and a Masters degree in Business Management from CW Post College. He also completed the Executive Development Program at the Comell School of Business and Public Administration.

Walter Paulick has been a Director since April 1992 and Chairman of our Nominating Committee since March 2004. From June 2006 until April 2007, he served as Chairman of our Audit Committee. Mr. Paulick is currently a self-employed real estate development consultant. From 1982 to November 1992, Mr. Paulick was a Vice President of Parr Development Company, Inc., a real estate development company. From 1980 to 1982, Mr. Paulick was employed by Key Bank, where he last held the position of Vice President. From 1971 to 1980, Mr. Paulick was Vice President of National Westminster U.S.A. Mr. Paulick holds an associate degree in Applied Science from Suffolk Community College and Bachelor of Business Administration from Dowling College.