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Draken International Signs Historic Agreement With Aero Vodochody & Czech Republic Ministry of Defense

LAKELAND, FL -- (Marketwired) -- 07/16/14 -- Draken International has announced a historic agreement with Czech aircraft manufacturer Aero Vodochody and the Czech Republic Ministry of Defense. The agreement is a multi-faceted deal that includes both a significant acquisition of aircraft as well as a long-term strategic partnership.

The first aspect of the deal is the purchase and regeneration of up to 28 Aero L-159E ALCA fighter aircraft. These aircraft, which include some unique modifications, will represent the ultimate balance between low operational costs, high performance and, most importantly, sophisticated 4th generation sensor capabilities.

Draken International CEO Jared Isaacman states, "This acquisition has been negotiated over the last 18 months and reflects the very finest in cooperation between the American and Czech Republic defense industries. These aircraft, in addition to Draken's vast existing fleet, will be at the forefront of the advanced commercial air services industry in the United States and for our allies abroad."

In addition to the acquisition of the L-159E aircraft, Draken International and Aero Vodochody are pleased to announce a historic strategic partnership. This relationship includes the framework for the first Aero Vodochody approved maintenance, repair and overhaul (MRO) operation at Draken International's Lakeland, FL facility. Draken will also exclusively market the L-159 and future derivatives to customers in North and South American as well as undertake a portion of the aircraft manufacturing process in the United States. Additional services such as flight testing, training, avionics and tactical system integration will also be undertaken by Draken International. This historic partnership represents the first time Aero Vodochody and its successful series of aircraft will be marketed, assembled and completely supported outside of the Czech Republic.

The Aero L-159E aircraft will complement Draken's existing fleet and augment the company's ability to provide a cost-effective contract air services solution to support the US military and its allies. The cost savings available to militaries across the globe by utilizing advanced commercial air services is overwhelming. Prior to Draken's founding, the application of contract air services was limited to a handful of Lear Jets and Korean War vintage aircraft performing target towing and basic electronic warfare mission sets. Draken has set a new standard in commercial air services by delivering an extensive fleet of aircraft with 4th generation capabilities, flown by world-class, highly-trained pilots and offered at a significant cost-savings over the use of military assets. To date, the commercial air services industry has been limited to the United States, Canada, Germany and a few other regional markets. As a component of the overall strategic partnership between Draken International and Aero Vodochody, these two companies will endeavor to jointly market cost effective advanced commercial air services throughout Europe.

Isaacman states, "We are very excited to enter this historic partnership with Aero Vodochody. The company is a worldwide leader in aircraft manufacturing and together we will be able to extend the benefits and capabilities of the L-159 platform as well as significant cost-savings associated with commercial air services in the United States and to many of our international allies."

About Draken International
Draken International is a provider of commercial air services based out of the Lakeland Linder Regional Airport in Lakeland, FL. The organization sets a new standard in airborne adversary support, flight training, threat simulation, electronic warfare support, aerial refueling, research, testing, as well as other missions uniquely suited to their fleet of aircraft. With a fleet of over 50 tactical fighter aircraft, the company owns and operates the largest privately-owned fleet of ex-military aircraft in the world. Draken employs world class, military trained fighter pilots including USAF Weapons School Instructors, Fighter Weapons School Graduates, TOP GUN Instructors, Air Liaison Officers, Thunderbird Demonstration pilots and FAC-A Instructors. For additional information, visit www.drakenintl.com or contact Sean Gustafson, VP of Client Relations, at [email protected].

About Aero Vodochody
Aero is the largest aerospace manufacturer in the Czech Republic, mainly focusing on engineering, manufacturing, sale and service of military and civil aerospace technologies. Aero cooperates with leading aerospace manufacturers. Regarding military programs, Aero is a long-term partner of many air forces, particularly the Czech Air Force.

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