Applied Composites Names Marc Duvall as Chief Executive Officer

Long-time Aerospace Industry Executive Joins Leading Provider of Highly Complex Composite Structures & Assemblies

Lake Forest, CA, December 2, 2022 – Applied Composites Holdings, LLC (“Applied Composites” or the “Company”), a leading aerospace, space, and defense composites supplier, announced today that Marc Duvall has been named Chief Executive Officer, effective immediately.

Mr. Duvall is a seasoned aerospace executive who most recently served as President of the Aerostructures division of Collins Aerospace, a division of Raytheon Technologies. Prior to this role, he held a variety of senior leadership roles at Goodrich, Honeywell and Allied Signal. Mr. Duvall brings a strong combination of industry knowledge, executive leadership skills and best-in-class composites manufacturing experience to the Company.

Applied Composites is a portfolio company of AE Industrial Partners L.P. (“AEI”), a private equity firm specializing in Aerospace, Defense & Government Services, Space, Power Generation & Utility Services and Specialty Industrial markets. Mr. Duvall has served as an Operating Partner at AEI since August 2022.

Applied Composites is a leading provider of complex composite components, assemblies, engineering, and tooling to the aerospace, space, and defense markets. Applied Composites was formed through the acquisitions of AC&A, Alliance Spacesystems, Applied Composites Engineering, Applied Composite Structures (formerly known as EnCore Composite Structures), North Coast Composites and San Diego Composites. Operating out of approximately 570,000 square feet across six facilities, Applied Composites is widely recognized as a leading supplier of advanced composite solutions for a diverse set of high growth aerospace, space, and defense applications and platforms.

“Applied is well-positioned as a vertically-integrated manufacturer of complex, flight critical composite structures and assemblies, and I am pleased to join this talented team and lead the Company at this important juncture,” said Mr. Duvall. “I look forward to ensuring that Applied Composites continues to win in the marketplace by exceeding our customer’s expectations through the on-time delivery of high quality composite parts at a tremendous value.”

“Marc has a proven track record of leading high-performing business throughout his career and we are excited to have an executive of his caliber in the CEO role,” said Jon Nemo, Senior Partner at AEI and board member at Applied Composites. “The addition of Marc to our team represents our ongoing investment in the future of Applied Composites which is experiencing strong growth in each of its end markets. His extensive leadership experience and strong customer relationships will enhance our market position as a leading supplier of composite parts.”

About Applied Composites
Applied Composites is a leading provider of complex composite components, assemblies, engineering, and tooling to the aerospace, defense, and space markets. Applied Composites was formed through the acquisitions of Structures ( AC&A, Alliance Spacesystems , Applied Composites Engineering, Applied Composite formerly known as EnCore Composite Structures Composites ) , North Coast Composites and San Diego . Operating out of approximately 570,000 square feet across six facilities, Applied Composites is widely recognized as a leading supplier of advanced composite solutions for a diverse set of high growth aerospace, space, and defense applications and platforms. For more information, please visit AppliedComposites.com .

About AE Industrial Partners
Power Generation AE Industrial Partners is a private equity firm specializing in Aerospace, Defense & Government Services, Space, & Utility Services invests in market, and Specialty Industrial markets. AE Industrial Partners leading companies that can benefit from its deep industry knowledge, operating experience, and relationships throughout its target markets. Learn more at www.aeroequity.com .