Swales Aerospace, an acknowledged leader in the design and manufacture of small and micro-satellites, announced today that Mr. James T. Brady, Mid-Atlantic Managing Director of Ballantrae International, Ltd., a management consulting firm, has joined it’s Board of Directors.

Mr. Brady has over forty years experience in business and financial management. He currently serves on the Board of Directors and is Chairman of the Audit Committee for Constellation Energy Group, McCormick & Company, Inc., T. Rowe Price Group, Inc., and Aether Systems, Inc. From May 1995 through April 1998, Mr. Brady served as the Secretary of Maryland’s Department of Business and Economic Development. Prior to his service as Secretary, Arthur Anderson LLP employed Mr. Brady for thirty-three years. During his last seventeen years there he was Managing Partner of both the Long Island and Baltimore offices.

“We are extremely pleased and honored that Jim has accepted a position on our board,” said Tom Wilson, CEO. “As we focus more of our resources in pursuit of new opportunities for our small and microsatellite capabilities and for our thermal management technologies, his extensive and diverse business experiences will be a valuable asset,” Wilson added.

Mr. Brady, who resides in Frederick, Maryland, holds a bachelor’s degree in Business Administration from Iona College. He holds three honorary doctorate degrees from Iona College, Villa Julie College and Loyola College in Maryland. Mr. Brady also has a long history of community leadership, including having served as Co-Chair of two Maryland gubernatorial transition teams, Board member of Maryland Business for Responsive Government, Board of Visitors of the University of Maryland Biotechnology Institute and many other business and advisory councils.

Swales Aerospace is an employee-owned company providing a broad range of aerospace engineering services to NASA, Department of Defense and commercial aerospace clients. Headquartered in Beltsville, Maryland, the company posted annual revenues in excess of $160 million during 2003 and employs more than 900 professionals in offices in Maryland, Virginia, California, and Texas.