FDI Chooses Deloitte for Audit

MOORPARK, CA 21 JANUARY 2011: Federal Defense Industries, Inc. (FDI) President Philip Ochoa announced today the selection of the accounting firm of Deloitte & Touche LLP to serve as independent auditors for the accounting records for fiscal year ending December 31, 2010. In making the announcement Ochoa stated "This decision represents and underscores our Board of Director's confidence in Deloitte, and our Board's satisfaction with the thoroughness and integrity demonstrated by the Deloitte Audit Team during the 2009 year-end audit."

"Integrity of records is a critical component of our exacting processes delivered to our customers." said Ochoa, adding "A reputation for integrity is earned transaction by transaction and our Board of Directors was clearly impressed with Deloitte's commitment to uphold and support FDI's tradition of excellence and demonstrated integrity. Our reputation and commitment to our suppliers and US Government customers is the foundation of our success."

Ochoa added "Deloitte also has the experience in the Aerospace and Defense markets that FDI requires. This experience represents a valuable partnership for FDI's continued growth as a market leader in the exacting supply of spare and replacement parts for military customers."