BZC Breeze-Eastern Corp.

Derco Aerospace, Milwaukee, Wisconsin, has awarded Breeze-Eastern, a division of TransTechnology Corporation (Amex: BZC), a contract for repair of rescue hoists, cargo hooks, and other items used in support of the U. S. Navy/MHSCo H-60 Tip-to-Tail PBL Program. The initial contract is expected to value $6.6 million and contains options, which, if exercised, will bring the total cumulative value to over $10 million. All of the work involved under the contract will be performed at the company's facility in Union, N.J., and is expected to be completed by December 2008. "Breeze-Eastern is very pleased to become a member of the Tip-to-Tail support team. This contract further strengthens our ability to meet the Navy's mission requirements with superior quality products in a timely fashion," stated Robert L.G. White, President and CEO of TransTechnology Corporation. TransTechnology Corporation (http://www.transtechnology.com) operating as Breeze-Eastern (http://www.breeze-eastern.com) is the world's leading designer and manufacturer of sophisticated lifting devices for military and civilian aircraft, including rescue hoists, cargo hooks, and weapons-lifting systems. The company, which employs approximately 195 people at its facility in Union, New Jersey, reported sales from continuing operations of $64.4 million in the fiscal year ended March 31, 2006. INFORMATION ABOUT FORWARD-LOOKING STATEMENTS Certain statements in this press release constitute "forward-looking statements" within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended (the "Acts"). Any statements contained herein that are not statements of historical fact are deemed to be forward-looking statements. The forward-looking statements in this press release are based on current beliefs, estimates and assumptions concerning the operations, future results, and prospects of the Company. As actual operations and results may materially differ from those assumed in forward-looking statements, there is no assurance that forward-looking statements will prove to be accurate. Forward-looking statements are subject to the safe harbors created in the Acts. Any number of factors could affect future operations and results, including, without limitation competition from other companies; changes in applicable laws, rules and regulations affecting the Company in the locations in which it conducts its business; the availability of equity and/or debt financing in the amounts and on the terms necessary to support the Company's future business; interest rate trends; determination by the Company to dispose of or acquire additional assets; general industry and economic conditions; events impacting the U.S. and world financial markets and economies; and those specific risks that are discussed in the Company's previously filed Annual Report on Form 10-K for the fiscal year ended March 31, 2006. The Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information or future events.