EMPLOYMENT AGREEMENT





         THIS EMPLOYMENT AGREEMENT is dated as of December 1, 2000, by and

between EDAC TECHNOLOGIES CORPORATION, a Wisconsin corporation ("Edac"), and

Richard A. Dandurand ("Mr. Dandurand").



                                     RECITAL



         Edac desires to employ Mr. Dandurand and Mr. Dandurand is willing to

make his services available to Edac on the terms and conditions set forth below.



                                   AGREEMENTS



         In consideration of the premises and the mutual agreements which

follow, the parties agree as follows:



         1. Employment. Edac hereby employs Mr. Dandurand and Mr. Dandurand

hereby accepts employment with Edac on the terms and conditions set forth in

this Agreement.



         2. Term. The initial term of Mr. Dandurand's employment hereunder shall

commence on the date hereof and continue for a period of one year, subject to

earlier termination as set forth in this Agreement. The term of Mr. Dandurand's

employment will automatically be extended one year on each anniversary of the

date of this Agreement unless either party notifies the other in writing to the

contrary at least 45 days prior to any such anniversary. The term of employment

is referred to in this Agreement as the "Employment Term."



         3. Duties. Mr. Dandurand shall serve as the President and Chief

Executive Officer of Edac and will, under the direction of the Board of

Directors (the "Board"), faithfully and to the best of his ability, perform the

duties of such positions as determined by the Board from time to time. As the

President and Chief Executive Officer, Mr. Dandurand shall be responsible for

managing the business and affairs of Edac in a professional manner with the

primary objective of enhancing shareholder value and ensuring that Edac's

customers, employees and suppliers are treated in a manner consistent with

Edac's Corporate Mission Statement. Without limiting the generality of the

foregoing, Mr. Dandurand shall supervise the operations of Edac and perform

those duties normally associated with the offices of President and Chief

Executive Officer. Mr. Dandurand shall also perform such additional duties and

responsibilities which may from time to time be reasonably assigned or delegated

by the Board. Mr. Dandurand agrees to

{PAGE}   2

devote substantially all of his entire business time, effort, skill and

attention to the proper discharge of such duties while employed by Edac.



Effective as of the date hereof and pursuant to Section 3.09 of Edac's By-Laws

now in effect, the Board shall elect Mr. Dandurand to serve as a member of the

Board until his successor is duly elected and qualified, or until his prior

death, resignation or removal.



         4. Compensation.



                  (a) Base Salary. Mr. Dandurand shall receive a base salary of

$250,000 per year, payable in regular and equal installments in accordance with

Edac's payroll practices as in effect from time to time (the "Base Salary"). Mr.

Dandurand's Base Salary shall be reviewed annually by the Compensation Committee

of the Board (the "Compensation Committee") to determine appropriate increases,

if any, in the Base Salary, but the Base Salary shall not be reduced without Mr.

Dandurand's written consent.



                  (b) Bonus. Mr. Dandurand shall be eligible to receive a cash

bonus at the end of Edac's fiscal year (the "Cash Bonus"). It is intended to

reward Mr. Dandurand for his performance as measured by agreed upon objectives,

with a payout of up to 50% of Base Salary. However, the Compensation Committee,

with approval of the Board of Directors, may at its discretion exceed the 50%

target based on their judgment of Mr. Dandurand's performance. The Cash Bonus

shall be paid to Mr. Dandurand, subject to appropriate tax withholding, as soon

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