BZC Breeze-Eastern Corp.

Lockheed Martin [NYSE: LMT] has awarded Breeze-Eastern Corporation (AMEX:BZC) a $3.5M contract for the manufacture and support of HIMARS rocket pod loading hoists for the U.S. Army and Marine Corps. All of the work involved under the contract will be performed at the company�s facility in Union, New Jersey and is expected to be completed by November 2008. �Breeze-Eastern is very pleased to be a member of the HIMARS team. This contract further strengthens our commitment to support Lockheed in meeting the U.S. Army and Marine Corps mission requirements with superior quality products in a timely fashion� stated Robert L.G. White, President and CEO of Breeze-Eastern Corporation. Because of its C-130 transportability, HIMARS can be deployed into areas previously inaccessible to heavier launchers and provides a force multiplier to the modular brigade. It also incorporates the self-loading, autonomous features that have made the Multiple Launch Rocket System (MLRS) the premier rocket artillery system in the world. HIMARS carries a single six-pack of MLRS rockets, or one ATACMS missile. Its fire control system, electronic and communications units are interchangeable with the existing MLRS M270A1 launcher, and the crew and training are the same. HIMARS prototypes were successfully employed in Operation Iraqi Freedom. Breeze-Eastern Corporation (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 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, and Quarterly Report on Form 10-Q for the period ended December 31, 2006. The Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information or future events.