TRW Launches AeroVantix--The First Fully Functional, All-Encompassing Aerospace Portal.

Business Editors/Hi-Tech Writers

PARIS--(BUSINESS WIRE)--June 18, 2001

In its drive to become the best aerospace company in the world and increase customer responsiveness, TRW Aeronautical Systems (Lucas Aerospace) (NYSE:TRW) today announced the launch of AeroVantix(TM) - the world's first fully functional, all-encompassing aerospace e-business portal. TRW Aeronautical Systems' multi-million dollar investment was made to ensure customers have 24x7 access to the company and its supply base with online self-service to key data. AeroVantix provides numerous customer benefits including reduced time to market of new products, a collaborative environment, and simplified business processes that will enable reduction in lead times and costs. AeroVantix is available to all TRW Aeronautical Systems customers and suppliers at no cost and is now being rolled out across the company. AeroVantix offers buy side and sell side transactions, engineering collaboration, and supply chain management through a single login, www.aerovantix.com. Demonstrations of AeroVantix will be offered continuously during the Paris Air Show at the TRW stand, Hall 2B, No. H.

"We see the power of e-business as accelerating the velocity of business and adding service value to our customers," commented Dave Cote, Chief Executive Officer for TRW Inc. "As one of the world's leading technology companies, we are planning to take the lead through this portal by offering truly compelling functionality."

TRW Aeronautical Systems already has more than 80 customers and suppliers using parts of AeroVantix including Asiana Airlines, China Airlines, Dallas Airmotive, FR HiTemp, GE Accessory Services, Hong Kong Aircraft Engineering Co. (HAECO), Langford Lodge, Patonair, and Turner Aviation.

"We listened and talked to many companies in the industry, and then decided to move forward and implement a fully integrated, benefits-derived solution which should significantly improve our service and performance to all our customers," said Ken Maciver, President and CEO, TRW Aeronautical Systems. "E-business fundamentally changes the way you do business and can streamline processes if properly deployed. We are a long-term player in the industry and see this launch as a significant investment in our future."

AeroVantix incorporates:

-- collaborative engineering allowing simultaneous and synergistic creative
design activity with customers and suppliers

-- collaborative product development and program management tools to reduce
time, cost, and mitigate risk on innovative engineering projects for new
aircraft launches

-- supply chain management allowing real time delivery of aircraft and engine
build requirements seamlessly across the supply chain, including demand
management, and robust commitment acceptance

-- 24/7 spares order processing for airlines worldwide through TRWAerospares

-- repairs e-business solution through TRWAeroservices offering a one-stop
repair shop for all aerospace equipment to airlines worldwide

-- direct buy side transactions enabling data-driven procurement decision
making through transparency of supplier cost drivers

-- indirect buy side transactions including catalog buying

-- office support and workflow controls to simplify and automate transactional
business processes and eliminate unnecessary back office processes

-- multi-lingual, multi-currency standards to enable TRW Aeronautical Systems
to interface with its customers and suppliers globally

-- electronic interface capability including XML to readily interface into all
other portals

"We have worked hard to implement lean philosophies throughout the company and wanted an e-business solution that supported this mindset," said Arabella Bijlani, Vice President Business Improvement, TRW Aeronautical Systems. "Unable to find a solution that provided the full scope of functionality that we were seeking, we decided to create our own functionally rich solution."

TRW Aeronautical Systems selected Izodia as the founding technology partner in August 2000 following a rigorous selection process involving most of the leading industry players. Izodia was selected due to its agility, readiness to tailor its solution, understanding of lean redesign principles, modular configurable solution, and provision for compelling financial payback on investment. AeroVantix also incorporates solutions from EAI, Gateway, Cimage, British Telecom, Partminer CSD and CSC.

TRW Aeronautical Systems (Lucas Aerospace) provides the global aerospace industry with high integrity systems and equipment in engine controls, flight controls, missile systems, power generation and management, cargo handling, hoists and winches, and flexible shafts and couplings, all backed by a worldwide customer support organization. For company news and information, visit www.trw-aeronautical.com.

TRW Inc. provides advanced technology products and services to the automotive, aerospace, telecommunications and information technology markets worldwide. TRW, which is celebrating its 100th year of operations in 2001, had year-end sales in 2000 of $17.2 billion. For more information, visit www.trw.com.

Chalet: Row A, No. 341; Stand: Hall 2B, No. H11

Interested customers and suppliers should contact: Steve Davies

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