MCEDA Press Release Vertex Aerospace


Vertex Aerospace’s Madison, Mississippi, Location Named as Corporate
Headquarters- 70 New Jobs Announced

Vertex Aerospace was recently acquired by American Industrial Partners, which has named Vertex’s Madison, Miss., location as its new headquarters. The
announcement marks a $1.42 million corporate investment and creates approximately 70 new jobs over the next two years.

“Vertex Aerospace has long been known around the state, the U.S. and the world as an industry leader in the aerospace sector, supporting our military.
The company’s decision to locate its headquarters in Madison and bring new jobs to Central Mississippi will positively benefit the company, as well
as the region’s economy, for years to come,” Gov. Phil Bryant said.

Vertex, a former subsidiary of L3 Technologies, is a leading provider of specialized aerospace sustainment and support services. The company is also recognized
as a pioneer in the field of contractor logistics support and aerospace services. The 70 new jobs will be front-office jobs associated with the Madison
facility’s transition to a corporate headquarters location.

“We are very pleased to name Madison, Mississippi as the new corporate headquarters of our global aerospace company,” said Vertex Aerospace President and
CEO Ed Boyington. “Our company was originally founded here in Mississippi in 1975, and our desire is to continue to support our state’s economy providing
highly skilled technical and professional jobs to keep our talent in Mississippi.”

The Mississippi Development Authority is providing assistance for building improvements and workforce training. Madison County Economic Development Authority
is the local sponsor for the incentives and will work with the company and Madison County for any additional tax assistance.

“We are pleased to support Vertex Aerospace as the company locates its headquarters in our state, creating dozens of new career opportunities for people
in the Madison county area,” said MDA Executive Director Glenn McCullough, Jr. “The exciting announcement is the result of the teamwork of Madison
County, the Madison County Economic Development Authority and MDA scoring another economic development win for Mississippi.”

“Vertex Aerospace is a leading employer in Madison County and an integral part of Madison County’s diverse manufacturing base,” said Joseph P. Deason,
Executive Director of the Madison County Economic Development Authority (MCEDA). “MCEDA is thrilled that the company has chosen to invest in our local
economy again by adding 70 new jobs, and we are excited about their future.”

With an annual revenue of $1.42 billion, Vertex Aerospace employs more than 4,200 workers throughout its 100 operating sites. The company’s Madison facility
currently employs more than 340 workers with an additional 856 working throughout the state.


About MCEDA:

As the leader of economic development for Madison County, MS, MCEDA’s mission is to encourage the growth of the county’s existing business and industry,
attract new investment and higher-paying jobs, and to increase Madison County’s competitiveness leading to a diverse, vibrant economy benefitting all
the county’s citizens.