Bombardier Selects K & F Industries to Supply Wheels and Brakes for New Challenger 605 Business Jet

WHITE PLAINS, N.Y., Feb. 21 /PRNewswire-FirstCall/ -- K & F Industries Holdings, Inc. (NYSE: KFI) through its wholly owned subsidiary, Aircraft Braking Systems Corporation (ABSC), has been chosen by Bombardier* Aerospace to supply wheels and brakes for its new Challenger 605* business jet.

Bombardier introduced the Challenger 605 last November at the 2005 National Business Aviation Association convention. First flight occurred in January 2006 and the aircraft is now at Bombardier's Flight Test Center in Wichita, Kansas. The aircraft is the next major step in the evolution of Bombardier's flagship Challenger* business jet and is scheduled to begin flight-testing in the first quarter of 2006. Transport Canada aircraft certification is expected for the fourth quarter of 2006, with entry into service to begin in the third quarter of 2007.

Kenneth M. Schwartz, K & F Industries president and chief executive officer, stated, "We are very pleased that Bombardier has shown its confidence in our products with its decision to continue the relationship with ABSC as the supplier of wheels and brakes for the Challenger 605 jet. Bombardier produces some of the most technologically advanced aircraft in the industry and has been an excellent customer to ABSC for many years. Today over 2,000 Bombardier business jets are landing on our wheels and brakes. In addition, we supply wheels and brakes for Bombardier's full line of regional airliners."

ABSC introduced revolutionary carbon brake technology to business aircraft on the original Bombardier Challenger 600* and subsequent Challenger 601* aircraft family. ABSC developed higher capacity wheels and carbon brakes for the Challenger 604* to accommodate the increased braking requirements of the heavier aircraft. Today, over 650 Challenger 600 Series aircraft are equipped with ABSC's wheels and carbon brakes.

K & F Industries Holdings, Inc., is a worldwide leader in the manufacture of braking equipment for commercial transport, general aviation and military aircraft through its Aircraft Braking Systems Corporation subsidiary. The company manufactures a wide range of braking equipment including antiskid, auto-brake, brake-by-wire systems, and brake temperature monitoring systems as well as main and nose wheels, carbon and steel brakes, and ancillary equipment. Its products are installed on approximately 26,000 aircraft worldwide, more than any other supplier.

In addition, K&F Industries operates Engineered Fabrics Corporation (EFC), a leading producer of aircraft fuel tanks, de-icing equipment and specialty coated fabrics used for storage, shipping, environmental and rescue applications for the commercial and military markets.

*Bombardier, Challenger, Challenger 600, Challenger 601, Challenger 604 and Challenger 605 are trademarks of Bombardier Inc. or its subsidiaries.

Forward Looking Statements

Some statements and information contained herein are not historical facts, but are "forward-looking statements," as that term is defined in the Private Securities Litigation Reform Act of 1995. In addition, the Company or its representatives have made and may continue to make forward-looking statements, orally, in writing or in other contexts, such as in reports filed with the SEC or in press releases. These forward-looking statements may be identified by the use of forward-looking terminology, such as "believes," "expects," "may," "should" or the like, the negative of these words or other variations of these words or comparable words, or discussion of strategy that involves risk and uncertainties. We caution you that these forward-looking statements are only predictions, and actual events or results may differ materially as a result of a wide variety of factors and conditions, many of which are beyond our control. Some of these factors and conditions include: (i) government or regulatory changes, (ii) dependence on our subsidiary, Aircraft Braking Systems Corporation, for operating income, (iii) competition in the market for our products, and (iv) our substantial indebtedness. This press release should be read in conjunction with our periodic reports filed with the SEC. We undertake no obligation to revise these statements following the date of this press release.

First Call Analyst: FCMN Contact: fbuonocore@kandfindustries.com