Fairchild Corp.
1750 Tysons Blvd.
McLean, Va. 22102
www.fairchildcorp.com Year founded: 1956 Industry: other Revenue: $77.52 Million Net Income/Loss: ($53,192,000.00) Earnings per share: ($2.11) Dividend: n/a Stockholder equity: $137.82 Million Auditor: KPMG LLP Stock: FA Assets: $390.55 Million Market capitalization: $124.96 Million 52-week high: 5.75 2/19/2004 52-week low: 3.99 7/30/2003 Chairman and CEO: Jeffrey J. Steiner President and COO: Eric I. Steiner Employees: 250 Local employees: 34 Description: Fairchild supplies parts and services to the corporate and commuter aircraft market through its Banner Aerospace subsidiary. The company also sells motorcycle gear and accessories in Europe and owns a shopping center in Farmingdale, N.Y. Developments: Fairchild shed 85 percent of its business in 2002 when it sold its aerospace fasteners operations to Alcoa, so last year was one of regrouping. Late in 2003 the company bought three motorcycle accessory businesses from the German company Eurobike AG. Hein Gericke, PoloExpress and IFW design and sell protective clothing for motorcyclists, as well as helmets and other gear. They operate more than 200 retail shops in Europe, and IFW designs and sells clothing and accessories for Harley-Davidson in the United States. Thanks to those acquisitions, Fairchild's revenue of $44.2 million was up more than 100 percent for the final three months of 2003 compared with the same period a year earlier, the first quarter of Fairchild's fiscal year. Otherwise, its Banner Aerospace business was down and real estate operations were essentially flat. The company said it continues to be in the market for acquisitions. Also last year, prosecutors in France finally wrapped up their case against Fairchild's chairman and chief executive, Jeffrey Steiner, who had been targeted for a small role in a larger financial scandal there. Steiner was charged with taking improper payments from the formerly government-owned oil company Elf Aquitaine. All charges against him were dismissed except one involving "the unjustified use in 1990 of corporate funds of Elf Aquitaine," Fairchild said in a news release. Steiner was found guilty, given a one-year suspended sentence and fined 500,000 euros. Executive Compensation
Chairman and CEO: Jeffrey Steiner
Total Cash: $7,756,405.00
Total Compensation: $7,989,413.00 President and COO: Eric Steiner
Total Cash: $3,024,680.00
Total Compensation: $3,067,298.00
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