We are an aerospace and defense contractor for divisions of the United States military. We derive approximately 97% of our revenues from government contracts pursuant to which we supply aircraft replacement parts for turbine engines, landing gear, structural components, and repair and overhaul services for hydraulics, mechanical systems and support equipment. We only produce parts pursuant to contracts; we do not produce parts for inventory.
From time to time we have provided parts and services as a subcontractor to other defense contractors. We also provide a limited number of parts and services to commercial aircraft. However, our revenue from these sources has not been material.
