Exchange Income Corporation subsidiary PAL Aerospace has secured a contract with Air Greenland to modify and configure two DHC-8-200 aircraft for Maritime Domain Awareness operations in Greenland. The agreement covers aircraft modification, configuration, integration, and related support activities tailored to Air Greenland’s operational requirements. This partnership aims to establish a modern capability operated from Greenland while developing local competencies and creating long-term value for the region.

PAL Aerospace will provide mission systems integration and related software capabilities as part of the aircraft missionization program. Drawing on its experience in special mission aviation, the solution will support the collection, coordination, and use of operational information in accordance with Air Greenland’s requirements. The program will be supported throughout its service life, including training, technical support, software support, future modifications, supply chain support, and scheduled maintenance activities.

Key Program Details

Executive Commentary

"Greenland’s mission is one we understand well," said Simon Carroll, President, PAL Aerospace. "Between our own northern operations and our jointly executed taskings in the North Sea with the Netherlands Coastguard, we’ve learned what it takes to find what you’re looking for in this part of the world. This program will deliver that capacity for Greenland."

"This partnership brings together Air Greenland’s decades of operational experience in the Arctic with PAL Aerospace’s long-standing expertise in special mission aircraft," said Jacob Nitter Sørensen, Chief Executive Officer, Air Greenland. "Together, we are establishing a modern capability that will be operated from Greenland, while developing local competencies and creating long-term value for Greenland and the Arctic. We look forward to working closely with PAL Aerospace to deliver this important programme."

Exchange Income Corporation is a diversified acquisition-oriented company focused on opportunities in the Aerospace & Aviation and Manufacturing segments. PAL Aerospace is a Canadian-owned and operated global aerospace and defence company specializing in intelligence, surveillance, and reconnaissance, in-service support solutions, aircraft engineering and modification, and crew resource management training.

Exchange Income Corporation will hold a conference call to discuss its second quarter financial results for 2026 on Wednesday, August 12, 2026, at 8:30 am ET. The company is expected to report its financial results on Tuesday, August 11, 2026, after the market closes. Key members of senior management will participate in the discussion to review the performance of the Corporation's Aerospace & Aviation and Manufacturing segments.

Conference Call Details

Interested parties can join the live conference call by dialing the following numbers:

Participants are advised to dial in 15 minutes prior to the start time to secure a line.

Replay and Webcast Access

An archived replay of the conference call will be available until August 19, 2026, at midnight. To access the replay, participants can dial 1-888-660-6264 (North America) or 1-646-517-3975 (International) and enter the encore code 76855#.

A live audio webcast of the conference call will be available at www.ExchangeIncomeCorp.ca . Listeners should connect at least 15 minutes early to allow for any necessary software downloads. An archived replay of the webcast will be accessible for 90 days following the event.