RICHARD SCHWARTZ, has served as a Director of the Company since 2004. He was a trustee and chairman of the Finance Committee of Cooper Union in New York City, a position he held from 2004 through 2008. Prior to his retirement in 2000, Mr. Schwartz was Chief Executive Officer and Chairman of ATK. He served in senior executive positions at ATK and predecessor companies beginning in 1990. Prior to that, Mr. Schwartz had been president of the Rocketdyne division of Rockwell International, a company he first joined in 1957. Mr. Schwartz was part of the originator team on GPS where he was the satellite Program Manager for Rockwell and was elected to the GPS Hall of Fame. Mr. Schwartz also serves on the board of directors of Astronautics Corporation of America. Mr. Schwartz's extensive industry experience, his prior board and executive management experience and his demonstrated leadership capabilities allow him to bring valuable insight and knowledge to the Board.

In February 2019 Mr. Schwartz and three other key members of the GPS originator team won the £1 million Queen Elizabeth Prize for Engineering. This Nobel like Prize was awarded for the benefit the GPS advanced technology has provided to all humanity by creating a free global utility with approximately 5 billion users. Today over 30 operating satellites provide these users with world wide very accurate position and time information. The prize also seeks to encourage young people to consider a career in engineering.