REDMOND, Wash. – March 5, 2007 – Crane Aerospace & Electronics, a segment of Crane Co. (NYSE:CR), has received an award to manufacture Athena Technologies’ Micro GuideStar™ Main Board Assembly, for installation into their Micro GuideStar unit. Crane received the award for both prototype and production Circuit Card Assemblies (CCAs) with production delivery requirements beginning in March 2007.

Crane provides quick turnaround electronic manufacturing solutions (high mix, low/medium volume) for circuit cards (through-hole and SMT), box build and cables/harnesses in their Albuquerque facility. Allan Day, Albuquerque General Manager said, “We are very pleased to provide our capabilities to this important new product for the aerospace and defense market.”

Dr. David Vos, Athena’s CEO and CTO said, “The Micro GuideStar is a revolutionary advanced integrated sensor suite that offers a complete INS/GPS navigation solution, with the option of hosting flight control software in a “plug & play” installation. Its integrated, compact and robust Packaging provides optimum performance and value, thereby ensuring a lower overall life cycle cost for manned or unmanned vehicle programs.”

Ali Dian, Athena’s VP Development & Manufacturing stated, “Crane’s keen awareness of Athena’s product requirements and quick response from Request for Quote to providing prototypes, demonstrate the capabilities, services and support we need in our markets.”

Athena Technologies is a premier developer and producer of navigation and control systems. Founded in 1998, the company produces the GuideStar™ family of versatile, compact and cost-effective flight control systems for applications such as Unmanned Aerial Vehicles (UAVs), target drones and missiles. The Micro GuideStar unit includes all the analog and digital I/O interface hardware required to accommodate a variety of vehicle configurations and payloads. For more information on Micro GuideStar, contact Athena Technologies Business Development at (540) 428-3300 or e-mail info@AthenaTI.com. The company is an independent, privately held firm with headquarters in Northern Virginia, USA. Additional information is available at www.athenati.com.

Crane Aerospace & Electronics is a major supplier of systems and components for critical aerospace and defense applications. Product and service offerings are organized in solution sets, and include Power Solutions, Microwave Systems Solutions, Electronic Manufacturing Solutions, Microelectronics Solutions, Landing System Solutions, Sensing and Utility Solutions, Fluid Management Solutions, and Cabin Solutions. Products are manufactured under the brand names ELDEC, General Technology, Hydro-Aire, Interpoint, Keltec, Lear Romec, Olektron, P.L. Porter, and Signal Technology. For more information on Crane Aerospace & Electronics call 425-895-4053, email electronics@craneae.com, or visit www.craneae.com.

Crane Aerospace & Electronics is a segment of Crane Co., a diversified manufacturer of highly engineered industrial products. Crane Co. is traded on the New York Stock Exchange (NYSE: CR). For more information on Crane Co. visit www.craneco.com