Related Party Transactions and Outside Related Director Information

SPS Technologies, Inc. (Retired) (ST.X)

Mr. James Zug was employed from 1964 until his retirement in July of 2000 as a partner with PricewaterhouseCoopers LLP, the Company's independent accountants. On February 6, 2001, SPS-AAA Aircraft Supply, LLC acquired all of the outstanding shares of AAA Aircraft Supply, Inc. and changed the name of the company to AAA Aircraft Supply, LLC ("AAA"). Harry J. Wilkinson, a director of the Company, is a director and a shareholder of AAA, owning 5% of the AAA shares acquired on the same terms as the Company acquired its shares. The Company is the majority shareholder of AAA, owning 86.25% of the AAA shares. Mr. Wilkinson has received distributions from AAA as follows: 2001 -- $42,000 on July 27, 2001, and $58,000 on December 18, 2001; 2002 -- $25,000 on December 11, 2002, for total distributions of $125,000 representing a partial distribution of his pro rata share of AAA's earnings.