Barnes Group Inc. Announces New Aerospace Aftermarket Component Repair Program

  Barnes Group Inc. Announces New Aerospace Aftermarket Component Repair

Business Wire

BRISTOL, Conn. -- June 16, 2014

Barnes Group Inc. (NYSE: B), an international industrial and aerospace
manufacturer and service provider, today announced that it entered into an
aerospace aftermarket Component Repair Program (CRP) agreement with General
Electric Company (NYSE: GE). The agreement provides the Company, as one of a
few GE licensed suppliers, the right to sell certain aftermarket component
repair services for the CFM56* engines over the life of the program directly
to the market. In addition, the agreement extends existing contracts under
which the Company currently provides these services directly to GE.

“As a result of Barnes Aerospace’s speed, quality and customer service, we
continue to strengthen our aftermarket service offerings on successful global
engine programs,” said Rick Barnhart, Senior Vice President, Barnes Group Inc.
and President, Barnes Aerospace. “Component Repair Programs are excellent
complements to our aftermarket repair operations, strengthen our business
across all the stages of an engine’s life cycle, and deepen our relationships
with our customers.”

* CFM56 is a trademark of CFM International, a 50:50 joint company between GE
and Snecma (Safran).

About Barnes Group

Founded in 1857, Barnes Group Inc. (NYSE: B) is an international industrial
and aerospace manufacturer and service provider, serving a wide range of end
markets and customers. The products and services provided by Barnes Group are
used in far-reaching applications that provide transportation, communication,
manufacturing and technology to the world. Barnes Group’s approximately 4,300
dedicated employees, at more than 60 locations worldwide, are committed to
achieving consistent and sustainable profitable growth. For more information,

Forward-Looking Statements

This press release contains forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. Forward-looking statements
often address our expected future operating and financial performance and
financial condition, and often contain words such as "anticipate," "believe,"
"expect," "plan," "strategy," "estimate," "project," and similar terms. These
forward-looking statements do not constitute guarantees of future performance
and are subject to a variety of risks and uncertainties that may cause actual
results to differ materially from those expressed in the forward-looking
statements. These include, among others: difficulty maintaining relationships
with employees, customers, suppliers, business partners or governmental
entities; potential work stoppages; difficulties leveraging aerospace market
opportunities; changes in aerospace market demand for our products and
services; rapid technological and market change; the ability to protect
intellectual property rights; introduction or development of new products or
transfer of work; higher risks in international operations and markets; the
impact of intense competition; and other risks and uncertainties described in
documents filed with or furnished to the Securities and Exchange Commission
("SEC") by the Company, including, among others, those in the Management's
Discussion and Analysis of Financial Condition and Results of Operations and
Risk Factors sections of the Company's filings. The risks and uncertainties
described in our periodic filings with the SEC include, among others, future
financial performance of the aerospace industry; our dependence upon revenues
and earnings from a small number of significant customers, including General
Electric Company; the continuing impact of strategic actions, including
acquisitions, divestitures, restructurings, or strategic business
realignments, and numerous other matters of a global, regional or national
scale. The Company assumes no obligation to update our forward-looking


Barnes Group Inc.
William Pitts
Director, Investor Relations
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