Standex Awarded Contract from UTC Aerospace Systems for Airbus A320neo Aircraft

  Standex Awarded Contract from UTC Aerospace Systems for Airbus A320neo

  Marks Company’s Initial Entry into Single aisle Large-Body Aircraft Market

Business Wire

SALEM, N.H. -- November 11, 2013

Standex International Corporation (NYSE:SXI) today announced that Spincraft,
the company’s engineered products metal fabrication business unit, has
received a long-term contract from UTC Aerospace Systems – Aerostructures to
produce single-piece lipskins for the nacelles on the Airbus A320neo, one of
the largest selling commercial aircrafts in the world. The contract also
includes continued requirements for the lipskins on the Bombardier CSeries and
Mitsubishi Regional Jet. The contract with UTC Aerospace Systems is for the
life of the A320neo program, and has an approximate value of up to $38 million
to $40 million.

Under the terms of the agreement, Spincraft will produce single-piece,
aluminum lipskins for the A320neo nacelles built by UTC Aerospace Systems’
Aerostructures business. The nacelles are integrated with aircraft engines
produced by Pratt & Whitney. Spincraft’s single-piece formed lipskins offer
improved aerodynamics over multi-piece lipskins. The lipskin is the aluminum
inlet piece located at the very front of the airflow passage into the engine.

“This new contract with UTC Aerospace Systems – Aerostructures for the Airbus
A320neo marks our first entry into the large-body single-aisle commercial
aircraft market and creates the potential for additional orders from other
large-body manufacturers,” said Len Paolillo, President of Standex’s
Engineering Technologies group.^1 “It is our goal and a priority to continue
to support the industry and UTC Aerospace Systems on gaining improvements in
all aspects of the manufacturing process for these critical components. We are
pleased that UTC Aerospace Systems has chosen Spincraft to extend our
relationship with them.”

About Standex

Standex International Corporation is a multi-industry manufacturer in five
broad business segments: Food Service Equipment Group, Engineering
Technologies Group, Engraving Group, Electronics Products Group, and
Hydraulics Products Group with operations in the United States, Europe,
Canada, Australia, Singapore, Mexico, Brazil, Argentina, Turkey, South Africa,
India and China. For additional information, visit the Company’s website at

^1Safe Harbor Language
Statements in this news release include, or may be based upon, management's
current expectations, estimates and/or projections about Standex's markets and
industries. These statements are forward-looking statements within the meaning
of The Private Securities Litigation Reform Act of 1995. Actual results may
materially differ from those indicated by such forward-looking statements as a
result of certain risks, uncertainties and assumptions that are difficult to
predict. Among the factors that could cause actual results to differ are the
impact of implementation of government regulations and programs affecting our
businesses, unforeseen legal judgments, fines or settlements, uncertainty in
conditions in the financial and banking markets, general domestic and
international economy including more specifically increases in raw material
costs, the ability to continue to successfully implement productivity
improvements, increase market share, access new markets, introduce new
products, enhance our presence in strategic channels and the other factors
discussed in the Annual Report of Standex on Form 10-K for the fiscal year
ending June 30, 2013, which is on file with the Securities and Exchange
Commission, and any subsequent periodic reports filed by the Company with the
Securities and Exchange Commission. In addition, any forward-looking
statements represent management's estimates only as of the day made and should
not be relied upon as representing management's estimates as of any subsequent
date. While the Company may elect to update forward-looking statements at some
point in the future, the Company and management specifically disclaim any
obligation to do so, even if management's estimates change.


Standex International Corporation
Thomas DeByle, 603-893-9701
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