Butler National Names Craig Stewart President of Aerospace Group

OLATHE, Kan., April 5, 2011 /PRNewswire/ — Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for structural modification, maintenance, repair and overhaul (MRO) announced the promotion of Craig Stewart to the position of President, Aerospace. Craig Stewart will expand his current responsibilities to incorporate mergers & acquisitions and other global strategic initiatives.

“Since joining the Company in 2003, Craig has improved our processes, expanded our capabilities, increased profit margins, and helped double the size of our Aerospace and Aircraft Modification group. As emerging markets continue their fast-paced growth, there is a major opportunity to enter new markets as well as expand through mergers & acquisitions. Craig fully understands the dynamics of the segment and will bring new energy to our mergers & acquisitions program,” stated Clark D. Stewart, president of Butler National.

Prior to joining Butler National, Craig spent seven years with Accenture, one of the world’s largest management consulting and technology services organizations. He graduated from the University of Kansas with a bachelor’s degree in business administration and a master’s degree in accounting and information systems. Craig is also an accomplished pilot with a Learjet type rating and understands the business from a corporate business aviation perspective.

Craig Stewart commented, “Butler National is positioned to take advantage of the expected $3.2 trillion growth in the aerospace market. We are among the fastest growing companies in the Aerospace industry and are positioned to add to that growth through both organic growth and mergers & acquisitions.”

For the fiscal quarter-ended January 31, 2011, Butler National increased revenues 44% to $12.9 million as compared to $8.9 million for the same period in fiscal 2010. Net income was $867,000 compared to net income of $642,000 for the same period in fiscal 2010. The increase in net income was primarily due to continued success in the Aircraft Modification Segment.