Aerion Corporation and Spirit AeroSystems [NYSE: SPR] announced today that they have entered into a collaboration agreement for the preliminary design of the AS2’s forward, pressurized fuselage.

“Joining a project team this early allows us to apply our technical expertise and commercial best practices to make the most positive impact,” said Tom Gentile, President and CEO, Spirit AeroSystems. “We can create cost-efficient, innovative engineering solutions that take into account Spirit’s highly efficient manufacturing processes. We are proud to be selected by Aerion for this program and look forward to contributing to the success of this groundbreaking new airplane.”

“The AS2® will revolutionize global mobility,” said Aerion Chairman, Chief Executive Officer, and President Tom Vice. “We are proud to partner with Spirit AeroSystems. They are a leader in aircraft composite structures and we are excited that they have joined the AS2® team.”

Spirit expects to immediately begin preliminary development efforts. Aerion’s 12-passenger AS2® is up to 70 percent faster than today’s business aircraft. Supersonic cruise speed is Mach 1.4, about 1,000 mph. It saves as much as three hours across the Atlantic and more than five hours across the Pacific.

On the web: www.spiritaero.com

On Twitter: @SpiritAero

Contacts: Keturah Austin, Spirit AeroSystems Corporate Communications

keturah.austin@spiritaero.com

(316) 523-2611 – direct

(316) 803-2951 – cell

Matt Clarke, Marketing and Communications, Aerion

media@aerioncorp.com

About Spirit AeroSystems Inc.

Spirit AeroSystems designs and builds aerostructures for both commercial and defense customers. With headquarters in Wichita, Kansas, Spirit operates sites in the U.S., U.K., France and Malaysia. The company’s core products include fuselages, pylons, nacelles and wing components for the world’s premier aircraft. Spirit AeroSystems focuses on affordable, innovative composite and aluminum manufacturing solutions to support customers around the globe. More information is available at www.spiritaero.com.

About Aerion

Aerion is the industry leader in supersonic aircraft. The company is pioneering a new generation of efficient, economical, and environmentally responsible supersonic aircraft. The Mach 1.4 AS2® business jet is scheduled to begin flight testing in 2024. Aerion entered into a partnership with Boeing in February 2019 to develop the AS2® and advance the supersonic market. In October 2018, Aerion and GE Aviation unveiled the quiet and efficient GE Affinity™ engine, the first supersonic engine in more than 50 years

Aerion has recruited the aerospace industry’s most accomplished executives and engineers as the company prepares to bring its first supersonic aircraft to the market.

“We are absolutely dedicated to be a magnet for the world’s greatest talent,” said Aerion Chairman, President, and Chief Executive Officer Tom Vice. “We’re attracting amazing people to join our team – people passionate about working together to revolutionize the future of global mobility.”

Cathy Rice Appointed Vice President, Business Management

Cathy has joined Aerion to lead contracts, pricing and cost schedule management, and to facilitate business and program management processes. She is the retired Vice President, Contract, Pricing, and Program Business Operations for Northrop Grumman Aerospace Systems. In that role, she was responsible for contracts, pricing and estimating, cost and schedule management, ITAR/Export and risk management disciplines. She brings 35 years of management experience in these areas, working on major programs for the U.S. Navy, Army, and Air Force, including NATO international programs. She has a bachelor’s degree in economics from Cortland State University, and graduate accreditations from the Florida Institute of Technology.

Scott Kalister Appointed Vice President, Worldwide Support & Logistics

Scott, who previously served as Senior Vice President of Customer Support and Services for Embraer Executive Jets, has joined Aerion to establish a global support network for the AS2® , as well as policies and procedures for creating a new standard in business aviation support. Scott established the Embraer Executive Jets customer support organization in 2001 and led it to topranked status. reviously, he served 23 years with Raytheon Aircraft Company, including as Vice President of International Sales, Vice President of Marketing, and Vice President of Customer Support. He has a bachelor’s degree in finance and economics, as well as an MBA from Oklahoma State University.

Gene Holloway Appointed Vice President of Boomless Cruise™ & Environmental Responsibility

Gene, who has led numerous advanced technology programs over a 40-year career, heads efforts to develop and certify the world’s first Boomless Cruise™ system, which will allow the Aerion AS2® to cruise at speeds up to Mach 1.2 without a sonic boom reaching the ground. He also leads efforts to explore and incorporate into Aerion aircraft advanced technologies for greater fuel efficiency and reduced emissions. Gene was a Program Manager/Project Lead at Lockheed Martin Advanced Development Programs (Skunk Worksâ), and an Engineering Specialist at Northrop Grumman Corporation. He has a bachelor’s degree in aerospace engineering from Auburn University and an MBA from Pepperdine University.

Andrew Hellen promoted to Vice President, Cockpit & Subsystems

Andrew, formerly Director of Cockpit and Subsystems, will be leading an expanded team. He has served as an electrical and avionics engineer on a number of prominent programs, including as Senior Engineer on the Lockheed Martin F-35 Joint Strike Fighter. At Gulfstream Aerospace, his responsibilities included design work on the G-650’s fly-by-wire system. On the all-composite Learjet 85 program, he helped develop that aircraft’s electrical wiring interconnect system and lightning strike protection system. The Virgin Galactic SpaceShipTwo includes a complex communication system entirely of Andrew’s own design. He has authored more than a dozen white papers that have helped mature the Aerion AS2® design. Andrew has a bachelor’s degree from University of Central Lancashire and is pursuing a master’s degree from Embry Riddle Aeronautical University.

About Aerion:

Aerion is the industry leader in supersonic aircraft. The company is pioneering a new generation of efficient, economical, and environmentally responsible supersonic aircraft. The Mach 1.4 AS2® business jet is scheduled to begin flight testing in 2024. Aerion entered into a partnership with Boeing in February 2019 to develop the AS2® and advance the supersonic market. In October 2018, Aerion and GE Aviation unveiled the quiet and efficient GE Affinity™ engine, the first supersonic engine in more than 50 years

- Aerion’s AS2® will be the first supersonic business jet to market

- Boeing to provide financial, engineering and industrial resources

Boeing [NYSE: BA] today announced a partnership with Aerion, a Reno, Nev.-based company pioneering next-generation supersonic aircraft. As part of the agreement, Boeing made a significant investment in Aerion to accelerate technology development and aircraft design, and unlock supersonic air travel for new markets. Terms of the deal were not disclosed.

Boeing will provide engineering, manufacturing and flight test resources, as well as strategic vertical content, to bring Aerion’s AS2® supersonic business jet to market. The AS2® is designed to fly at speeds up to Mach 1.4 or approximately 1,000 miles per hour. With the ability to fly up to 70 percent faster than today’s business jets, the AS2® will save approximately three hours on a transatlantic flight while meeting environmental performance requirements. The aircraft is slated for first flight in 2024.

“Boeing is leading a mobility transformation that will safely and efficiently connect the world faster than ever before,” said Steve Nordlund, vice president and general manager of Boeing NeXt. “This is a strategic and disciplined leading-edge investment in further maturing supersonic technology. Through this partnership that combines Aerion’s supersonic expertise with Boeing’s global industrial scale and commercial aviation experience, we have the right team to build the future of sustainable supersonic flight.”

Founded in 2003 to develop new, more efficient aerodynamic technologies for supersonic aircraft, Aerion introduced its AS2® 12-passenger business jet design in 2014. The company unveiled the AS2’s GE Affinity engine design in 2018.

“Aerion is the industry leader mapping out a successful, sustainable return to supersonic flight,” said Tom Vice, chairman, president and chief executive officer of Aerion. “The AS2® is the launch point for the future of regulatory-compliant and efficient supersonic flight. Together with Boeing, we’re creating a faster, more connected future with tremendous possibilities for enhancing humanity’s productivity and potential.”

Boeing NeXt works with industry partners and regulatory agencies to lead the responsible introduction of a new mobility ecosystem. The division’s portfolio includes prototyping activities and programs that will shape the future of urban, regional and global mobility. These programs include autonomous air vehicles and passenger-carrying hypersonic aircraft.

Boeing is the world’s largest aerospace company, the leading manufacturer of commercial airplanes and defense, space and security systems, and a major provider of government and commercial aerospace services. America’s top manufacturing exporter, Boeing supports airlines and U.S. and allied government customers in more than 150 countries.

Aerion, the leader in supersonic flight, has promoted Steve Berroth to the role of Chief Operating Officer and Program Manager of the AS2® Supersonic Business Jet. As Chief Operating Officer and Program Manager, Berroth brings leadership and 35 years of experience in large aerospace organizations and aircraft development programs.

Berroth joined Aerion in 2018. Previously, he worked at Northrop Grumman for 31 years in various leadership positions, including Director of Production Operations, Program Manager for numerous advanced aircraft and rotorcraft programs, and led flight test operations for several aircraft programs prior to his program manager responsibilities. He also served Triumph Aerospace Structures as Vice President of Metallic and Composite Components Programs and Operations. In that role, he led six site presidents with more than 3,000 employees in operating companies around the globe.

Berroth holds a Bachelor of Science degree in electrical engineering from Wentworth Institute of Technology in Boston, Massachusetts. He is also a graduate of Defense Acquisition University Program Management at Fort Belvoir, Virginia, and the University of Michigan’s Executive Program at the Ross School of Business. He is a Senior Member of the Institute of Electrical and Electronics Engineers.

About Aerion

Aerion is launching a supersonic renaissance and a sustainable supersonic future, one that will connect people across the planet more quickly with ever more capable supersonic aircraft. Aerion is developing the Mach 1.4 AS2® supersonic business jet. This 12- passenger jet will save travelers as much as three hours across the Atlantic and five hours across the Pacific. It is as much as 60 percent faster than today’s civil jets. Aerion plans to fly the AS2® in 2024 and achieve certification in 2025.