Aero Electronics Accepted into the Department of Defense Mentor Protege Program

Titusville, FL: Tuesday, November 8, 2011: Aero Electronics, Inc. is pleased to announce its acceptance into the Department of Defense (DOD) Mentor Protege Program (MPP). The DoD Mentor Protege Program assists small locally owned businesses by matching them with larger companies in order to deliver products and services for the federal government specializing in defense, environment, information technology, manufacturing, and health care. The intention is to develop much needed business and technical capabilities by establishing a long term business relationship with providers of goods and services for the federal government. Aero Electronics will be partnering with Raytheon Corporation in order to provide cables, harnesses and wiring for defense systems and defense mechanisms. “This is an incredible opportunity for the city of Titusville and our production team who we hope to expand” said Joanne Griffin, President & CEO of Aero Electronics. “Through this we hope to both add more jobs to a struggling local economy and help support the troops who are fighting in South and Southwest Asia and other theaters overseas.” Aero Electronics is a women-owned HUBZone certified technology company offering extensive expertise in the area of cable, harness, mechanical, electro-mechanical and electronics assembly. Aero Electronics will partner with Raytheon Corporation and work to fulfill a number of necessary defense contracts.

Lynda Weatherman, President and CEO of the Economic Development Commission (EDC) of Florida’s Space Coast applauded the efforts of Aero Electronics in the expansion of their job base. “The expansion of Aero Electronics provides yet another positive story of our community and the stellar companies that conduct business in Brevard County. This expansion is a testament to the Space Coast’s unparalleled workforce and commitment to creating as competitive a business environment as possible.”

Ms. Weatherman also alluded to legislation recently introduced by Congresswoman Sandy Adams (R-FL-24)that would expand the current HUBZone designation to include all or most of Brevard County Florida. Originally enacted into federal law in the 1990’s, the HUBZone program, which is run by the federal Small Business Administration (SBA), would create regions for economic development and employment growth by opening up more federal contracts in an area. Businesses that qualify under the HUBZone program must have Americans as their majority owners, be based in the designated areas and require that 35 percent of their employees reside in the area designated HUBZone. “The EDC stands behind Congresswoman Adams’ pursuit of a county wide HUBZone.” “This zone will provide small businesses with another tool in their efforts to obtain a federal contract.” “We applaud the Congresswoman for her initiative to promote tools for further economic development on the Space Coast.”

“As Brevard families continue to struggle with the ending of NASA’s space shuttle program, I will continue to look for ways to bring much needed jobs and in this case, new employers to the district,” said Rep. Adams. “Establishing Brevard county as a HUBZone will help promote economic development and growth by providing access to more federal contracting opportunities for companies like Aero Electronics. “I applaud the efforts of the Department of Defense’s Mentor Protege Program which is helping to create jobs for the space industry work force in our community”

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