Company Profile for the Fairchild Corporation

The Company's real estate
operations segment owns and leases a shopping center located in
Farmingdale, New York, and owns and rents to Alcoa, an improved parcel
located in Southern California.----The Fairchild
Corporation (NYSE:FA) announced today that during the next six months,
it may buy back up to 500,000 shares of its current outstanding Class
A common stock, subject to market conditions. Fairchild Sports designs and sells motorcycle
protective apparel, helmets and a large selection of technical
accessories for motorcyclists.

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Business Editors

----The Company's business consists of three
segments: sports + leisure, aerospace, and real estate operations.

About The Fairchild Corporation:

The business of Fairchild consists of three segments: sports +
leisure, aerospace, and real estate operations.
Fairchild's real estate operations segment owns and operates a
shopping center located in Farmingdale, New York.

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Its sports and leisure
segment, known as Fairchild Sports, is comprised of Hein Gericke,
PoloExpress and IFW.

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The
Company's sports + leisure segment is engaged in the design and retail
sale of protective clothing, helmets and technical accessories for
motorcyclists in Europe and the design and distribution of such
apparel and helmets in the United States. Additional
information is available on The Fairchild Corporation web site
(www.

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Fairchild's aerospace segment stocks a wide variety of aircraft
parts and distributes them to commercial airlines and air cargo
carriers, fixed-base operators, corporate aircraft operators and other
aerospace companies worldwide, and also manufactures airframe
components.com

This news release may contain forward looking statements within
the meaning of Section 27-A of the Securities Act of 1933, as amended,
and Section 21-E of the Securities Exchange Act of 1934, as amended.

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The Company's aerospace
segment stocks a wide variety of aircraft parts, then distributes them
to commercial airlines and air cargo carriers, fixed-base operators,
corporate aircraft operators and other aerospace companies worldwide ,
and also manufactures airframe components.

Company: The Fairchild Corporation

Headquarters Address: 1750 Tysons Blvd
Suite 1400
McLean, Virginia 22102

Main Telephone: 703-478-5800

Ticker: FA(NYSE)

Type of Organization: Public

Industry: Retail

Key Executives: CEO: Jeffrey Steiner
President: Eric Steiner

CFO
Contact: John Flynn
Phone: 703-478-5830
Email: jflynn@fairchild.com

Fairchild Announces Stock Repurchase Program

Business Editors

MCLEAN, Va. Together, Hein Gericke and PoloExpress
operate 229 retail shops in Germany, the United Kingdom, Austria,
Belgium, France, Italy, Luxembourg , and the Netherlands. In addition, IFW designs and produces
protective apparel under private labels for third parties, including
Harley-Davidson.fairchild.

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IFW, located
in Tustin, California, is a designer and distributor of motorcycle
protective apparel, boots and helmets, under several labels , including
First Gear and Hein Gericke.
The Company's actual results could differ materially from those set
forth in the forward-looking statements, as a result of the risks
associated with the Company's business, changes in general economic
conditions, and changes in the assumptions used in making such
forward-looking statements.