Swales Aerospace announced the appointment of Dr. John M. Klineberg to serve as Chief Executive Officer. Dr. Klineberg will serve for an interim term and participate in the company’s search for a long-term replacement.

The Board expressed its deep appreciation to outgoing CEO Thomas L. Wilson for his long and valued service to the company, including a five-year tenure as CEO. Board Chair Thomas G. Swales expressed the company’s commitment to maintain Swales Aerospace’s pre-eminence in engineering services and spacecraft technology and to the full continuation of its strategic pursuit of spacecraft integration activities for NASA and for other federal government agencies focused on national security.

Dr. Klineberg, former president of Space Systems/Loral and vice president of Loral Space & Communications, joined the company’s Board of Directors in May 2002. A 32-year veteran of the aerospace and defense industry, his achievements include the establishment of the Globalstar constellation of low- earth orbit satellites while at Loral, as well as service in a variety of management and technical positions at NASA. During his career at NASA, he was director of the Goddard Space Flight Center, director of the Lewis Research Center and Deputy Associate Administrator for Aeronautics and Space Technology at NASA headquarters.

About Swales

Swales Aerospace is an employee-owned company that provides a broad range of aerospace engineering services to NASA, the Department of Defense and commercial aerospace clients. Headquartered in Beltsville, Maryland, the company posted annual revenues in excess of $195 million in 2004 and employs more than 900 professionals in offices in Maryland, Virginia and California. Additional information is available at http://www.swales.com