The Aerospace Corporation

“The corporation relocated its corporate headquarters to 14745 Lee Road in Chantilly, Virginia effective March 21, 2024.”

“The Form 990 and all related schedules are completed by Aerospace's finance department and are reviewed in detail by the Senior Vice President, Chief Operating Officer, Chief Financial Officer, and Treasurer (CFO) who signs the Form 990. Prior to filing the Form 990, the CFO reviews in detail the completed Form 990 with the Senior Vice President, General Counsel, Executive Vice President, and the President and Chief Executive Officer (CEO) of the Corporation. After the review with the President and CEO, the CFO reviews the Form 990 in detail with the Chair of the Audit Committee of the Board. The Chair of the Audit Committee reports on his review of the Form 990 to the Audit Committee and Board of Trustees. Copies of the Form 990 are provided to all members of the Board of Trustees prior to filing.”

“The corporation complies with the Department of Defense (DoD) Mandatory Disclosure Rules, including required disclosures to the DoD Inspector General, for (1) violations of federal criminal laws relating to fraud, conflicts of interest, bribery, and gratuities; (2) violations of the False Claims Act; and (3) misconduct in connection with the award, performance, or close out of government contracts.Employees must certify that they have read, understand, and will comply with the corporate practice as a condition of employment by signing a Certification of Compliance annually.Employees also certify to the corporation that he/she has no holdings or relationships that might constitute or appear to constitute a conflict of interest by responding to an on-line Conflict of Interest Certification. Employees must list the business and financial interest and relationships for those organizations identified on the corporation's Conflict of Interest Listing. Such certification is required annually or whenever a change in the individual's business or financial interest or relationships makes it appropriate.Employees may not retain any holdings in any organization with which he/she works on a day-to-day basis.The Office of the General Counsel issues, periodically, a list of organizations that includes principal associate contractors of the Air Force Space Systems Command and other U.S. Government organizations that interface with the company on a regular basis. This list is not all-inclusive, but helps to identify areas of possible conflict of interest.The Office of the General Counsel reviews all disclosure forms and advises management on any conflicts of interest.Management, after a disclosure review, decides either that some action must be taken or that no conflict exists and no further action is required. Management may determine that certain actions are required, such as a change in work assignment, divestiture in a conflicting interest, or the establishment of a "blind trust." Management's decisions in those matters are final.Certifications, disclosures, and subsequent decisions are made available to audit agencies and duly authorized persons on a need-to-know basis as approved by management.”

“The Aerospace Corporation plays a critical role in assuring mission success for National Security Space programs, which are a $50 billion enterprise on an annual basis. Aerospace's senior executives are highly experienced leaders in their technical fields with enormous accountability in performing this vital mission assurance role. Their compensation is reviewed and approved annually by the corporation's Board of Trustees, whose members include leaders with experience in government, the military, and private industry.The Compensation and Personnel Committee (the "Committee") of the Board of Trustees (the "Board") discharges the Board's responsibilities relating to compensation of the President and CEO, and other executive officers, including approving, individually, the compensation of each such officer.The Committee reviews and recommends to the Board compensation plans, pension and benefit programs for employees generally; and to review all modifications to such plans other than such modifications specifically delegated by the Board to management from time to time.The Board of Trustees has established an annual bonus and incentive compensation plan for corporate officers, general managers, and principal directors based on corporate and individual goals established at the beginning of each fiscal year. At the end of each fiscal year, the Committee reviews corporate and individual performance and recommends to the Board the amount of bonus and incentive compensation, if any, to be paid for the prior year's performance. Bonus payments must be approved by the Board. These amounts are included in Bonus & incentive compensation on Schedule J, Part II, column (B)(ii).The Committee reviews the Board of Trustees compensation.The Committee meets not less frequently than twice each year to coincide with the annual and semiannual meetings of the Board and at other times to coincide with regular meetings of the board.The Committee may request that members of management or outside consultants and advisors of the Committee be present to assist the Committee in performing its duties.A written report of the actions taken at each meeting will be kept filed with the proceedings of the meetings of the full Board.The Committee process above was last undertaken for Fiscal Year 2024.”

“The Form 990 governing documents, conflict of interest policy and audited financial statements are available upon request to the CFO, Vice President and Treasurer. Requests can be in person at any of our operating offices, by mail, facsimile or electronic mail. The documents are available for inspection at our Aerospace Technical Center at 2310 E El Segundo Blvd in El Segundo, California. Copies will be made upon request or electronic media will be provided at no cost to the requestor for the last three years.”

“Trustees, officers and key employees are required to annually disclose interests that could give rise to conflicts of interest.The office of General Counsel sends a questionaire to all trustees and reviews all disclosure forms and advises management on any conflicts of interest.The CFO sends out questionaires to all officers and key employees. The CFO reviews all disclosure forms and advises senior management of any conflict that should be reported on Form 990.Officers and key employees also participate in the monitoring noted under 12c.”

“The President and CEO of the Corporation is a member of the Board of Trustees, ex officio, with full voting power during his term of office as President and CEO. The President and CEO is not independent as he is compensated as an officer. The President and CEO excuse himself from votes which may result in a conflict of interest.”

“Change to Corporate Equity = $32496000”

“Financial Statements Rounding Adjustment = $315”

“Accumulated change to Corporate Equity increased by $32,496,315 due to increase in the interest rate used to value the liabilities of the Company's retirement plans and return on Assets.”

“Amounts used are rounded to the nearest thousand as the software does not support the full amount.”