BZC Breeze-Eastern Corp.

BAE Systems Land & Armament, L.P. - Ground Systems (GS), Santa Clara, CA, has awarded Breeze-Eastern Corporation (AMEX:BZC) a $3.7 million contract for the system design and development of a recovery winch for the Field Recovery and Maintenance Recovery Vehicle (FRMV) being developed for the U.S. Army under the Future Combat Systems (FCS) program. All of the work involved under the contract will be performed in Union, New Jersey and is expected to be completed by October 2009. �Breeze-Eastern is very pleased to be a member of the Future Combat Systems team. This contract further strengthens our commitment to support the U.S. Army mission requirements with superior quality products in a timely fashion� stated Robert L.G. White, President and CEO of Breeze-Eastern Corporation. He added �Breeze-Eastern will leverage our considerable experience and expertise to develop a lightweight and innovative Recovery Winch for the Future Recovery and Maintenance Vehicle.� The FRMV will be utilized to recover Manned and Unmanned Ground Vehicles (MGV & UGVs). Because of its lighter weight and enhanced transportability, the FRMV can be rapidly deployed into areas previously inaccessible to heavier recovery vehicles and provides a force multiplier to the modular brigade. FCS is a joint networked family of manned and unmanned ground and air platforms and sensors that enables ground combat forces to conduct their missions safely and more effectively. Boeing [NYSE:BA] and partner Science Applications International [NYSE:SAI] function as the Lead Systems Integrator (LSI) for the program, managing a best-of-industry team of more than 500 partners and suppliers. 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, winches, cargo hooks, and weapons-lifting systems. The company, formerly known as TransTechnology Corporation, which employs approximately 180 people at its facility in Union, New Jersey, reported sales of $73.3 million in the fiscal year ended March�31,�2007. 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; order flow associated with the delay in enactment of the 2008 Federal Defense budget; 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, 2007, and Quarterly Report on Form 10-Q for the period ended December 30, 2007. The Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information or future events.