In the news release, "Esterline AVISTA
Announces Budden as New President," issued Wednesday, June 18, 2008, by
Esterline AVISTA, a subsidiary of Esterline Technologies Corporation (NYSE: ESL), please be advised that the dateline location should read
"PLATTEVILLE, WI" rather than "PLATTEVILLE, WA" as originally issued.
Complete corrected text follows.
Esterline AVISTA Announces Budden as New President
Longtime Executive, Jim Schneller, Retires After 20 Years With the Company
PLATTEVILLE, WI--(June 18, 2008) - Esterline AVISTA, the U.S. leader in
critical systems software engineering services and a subsidiary of
Esterline Technologies Corporation (NYSE: ESL), named Tim Budden its new
president, beginning July 1. A longtime senior executive with Esterline
AVISTA, Budden replaces Jim Schneller, who is retiring after more than 20
years with the company.
"Esterline AVISTA is in a strong place in the market and this is a good
time to transition to new leadership," says Frank Houston, group vice
president of Esterline Technologies Corporation. "Tim brings tremendous
strategic and technical expertise in critical systems software development
to lead the company during an exciting time in the aerospace and defense
industries. He will drive the company to new levels of quality and
excellence, continuing our high standards for service and responsiveness --
and the solid foundation Jim Schneller developed -- that have made this
company the market leader."
Commenting on his new appointment, Budden said: "While it is never easy
replacing a successful and capable leader, such as Jim Schneller, I'm very
honored to take the reins at Esterline AVISTA. The aerospace and defense
industries continue to grow, and software is playing a more critical role
in new and legacy aircraft, as well as other critical systems. Esterline
AVISTA's long history in U.S.-based software development services, and our
large team of full-time DO-178B certification experts, leaves the company
well-positioned to capitalize on future opportunities."
Budden brings more than 20 years of avionics, medical device and
government/military software development experience to his new position as
president of the Esterline subsidiary. He has been driving technology and
service strategy, as well as working very closely with all of Esterline
AVISTA's software clients, during the last four years in his previous role
as vice president of engineering. He joined the company in 1990 as a
programs manager, after working with McDonnell Douglas (now Boeing) in St.
Louis. Budden has a Bachelor's degree in electrical and computer
engineering from the University of Notre Dame.
About Esterline AVISTA
Esterline AVISTA (AVISTA Incorporated®), a subsidiary of Esterline
Technologies Corporation, is a full-lifecycle software engineering services
company specializing in critical systems software development projects for
commercial and military avionics, medical device and government/military
applications. With 2.5 million project hours completed, Esterline AVISTA
fields the strongest, most stable, and most capable DO-178B software
development team in the industry. The company has completed more than 940
client projects over the last 20 years in systems design, requirements
capture and analysis, software design and implementation, and software
verification and validation. Esterline AVISTA, headquartered in
Platteville, Wisconsin, is a SEI CMMI Maturity Level 5 rated company and an
ISO 9001:2000 certified company. http://www.avistainc.com
AVISTA Incorporated is a registered trademark, and Esterline AVISTA and
'People. Process. Promise.' are trademarks of AVISTA Incorporated. All
other trademarks are property of their respective holders.
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Esterline AVISTA Media Contact:
Jill Dornan
503-262-6505
Email Contact
