December 16, 2014

Dear Valued Customers & Suppliers,

This notice is to communicate an internal Meggitt organization change involving our U.S.-based power businesses, OECO and Securaplane. As of January 1, 2015, these two businesses are being consolidated organizationally so they can more effectively and competitively serve our target markets.

It is important to note that this is entirely an internal restructuring and does not in any way relate to an ownership change nor a name change for either business. OECO will continue to do business under the legal name of OECO, LLC and Securaplane will continue to do business under the legal name of Securaplane Technologies, Inc.

In this new structure, I will be leading both OECO and Securaplane. Reporting to me as leader for the Securaplane business in Tucson, AZ, is Steffen Spell. Steffen is currently VP Sales and Marketing for Securaplane and thus is uniquely qualified to lead the Securaplane business, successfully managing growth and customer satisfaction. The business leader position for OECO in Milwaukie, OR, is in the process of being finalized and I will be occupying that role in an interim capacity until that role is filled in early 2015.

This restructuring is an indication of Meggitt’s commitment to investing in, and growing, the depth of our capabilities in power generation, power conversion, and energy storage to service our primary aerospace, land vehicle, naval, and energy customer segments. We are confident that the end result will be more efficient execution and collaboration by the Meggitt power businesses, which will in turn deliver value and benefit to our customers and suppliers alike.

Please address any questions or concerns regarding this communication to your primary OECO or Securaplane contacts, or alternatively you can contact Kevin Yaremchuk at 971-233-7251, or myself at the number below.

Best Regards,

Shubhayu Chakraborty
President – Meggitt OECO & Meggitt Securaplane
520-425-8100