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Cybersecurity Incident at VT San Antonio Aerospace, Inc.

Our ongoing investigation indicates that the threat has been contained and we believe it to be isolated to a limited number of ST Engineering’s U.S. commercial operations

San Antonio, TX, U.S., 5 June 2020 - VT San Antonio Aerospace discovered that a sophisticated group of cyber criminals, known as the Maze group, gained unauthorized access to our network and deployed a ransomware attack. At this point, our ongoing investigation indicates that the threat has been contained and we believe it to be isolated to a limited number of ST Engineering’s U.S. commercial operations. Currently, our business continues to be operational.

Upon discovering the incident, the Company took immediate action, including disconnecting certain systems from the network, retaining leading third-party forensic advisors to help investigate, and notifying appropriate law enforcement authorities.

As part of this process, we are conducting a rigorous review of the incident and our systems to ensure that the data we are entrusted with remains safe and secure. This includes deploying advanced tools to remediate the intrusion and to restore systems. We are also taking steps to further strengthen the Company’s overall cybersecurity architecture.

Trust between our Company and all of our stakeholders – including our employees, customers and business partners – is core to our culture and business values. We are committed to responding to this incident transparently and proactively, and already have begun notifying potentially affected customers. We will be working with our customers and industry peers to share insights and any lessons learned so that they can learn from our experience.

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The statement above can be attributed to Ed Onwe, Vice President/General Manager of VT San Antonio Aerospace, Inc.

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