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Diversified industrial manufacturer Eaton Corporation (NYSE:ETN)
has been selected by Sikorsky Aircraft Corporation, a subsidiary of
United Technologies Corporation (NYSE:UTX), to design, develop and
supply the lighted control panels and dimming controllers for
Sikorsky's new military heavy-lift helicopter, the CH-53K helicopter,
which is currently under development for the U.S. Marine Corps. This
is in addition to Eaton's contract for the helicopter's hydraulic
power generation system, integrated fuel system and fluid conveyance
package awarded to Eaton in the third quarter of last year.
During the development phase of the program, which runs through
2014, Eaton will provide the lighted control panel support hardware
for five helicopter shipsets in addition to a number of system
development test sets. Based on expected production of more than 156
helicopters for the U.S. Marine Corps, the contract value is
approximately $20 million and, when combined with anticipated foreign
military sales, is expected to exceed $26 million over the approximate
12-year life of the program.
In the aerospace industry, Eaton is a leading supplier of
hydraulic, electro-hydraulic pump and generator products and
integrated systems; electric motors; aircraft door actuation, flight
and flow control; fluid, fuel and air delivery products and systems;
nose wheel steering systems; integrated control systems; cockpit
controls and displays; power and load management systems; pressure
sensors, seals and fluid health monitoring products and systems. Eaton
serves commercial and military aviation, aerospace, military weapons,
marine and off-road markets worldwide.
Eaton Corporation is a diversified industrial manufacturer with
2006 sales of $12.4 billion. Eaton is a global leader in electrical
systems and components for power quality, distribution and control;
fluid power systems and services for industrial, mobile and aircraft
equipment; intelligent truck drivetrain systems for safety and fuel
economy; and automotive engine air management systems, powertrain
solutions and specialty controls for performance, fuel economy and
safety. Eaton has 63,000 employees and sells products to customers in
more than 140 countries. For more information, visit www.eaton.com.
Sikorsky Aircraft Corp., based in Stratford, Conn., is a world
leader in helicopter design, manufacturing and service. United
Technologies Corp., based in Hartford, Conn., provides a broad range
of high technology products and support services to the aerospace and
building systems industries.
This news release contains forward-looking statements concerning
the revenues expected from the Sikorsky CH-53K program. These
statements are subject to various risks and uncertainties, some of
which are outside Eaton's control. The following factors could cause
actual results to differ materially from those forward-looking
statements: reductions in customer orders, changes in governmental
priorities, unanticipated technological problems or substantial
changes in the economic or financial conditions in the United States.
We do not assume any obligation to update these forward-looking
statements.
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