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Diversified industrial manufacturer Eaton Corporation (NYSE:ETN)
has been selected by Sikorsky Aircraft Corporation to design, develop
and supply the primary hydraulic power generation system and the fluid
conveyance package for Sikorsky's new military heavy lift helicopter,
the CH-53K. Sikorsky Aircraft is a subsidiary of United Technologies
Corp. (NYSE:UTX).
During the development phase of the program, which runs through
2014, Eaton will provide support hardware for 10 aircraft shipsets.
Based on expected production of more than 156 aircraft for the U.S.
Marine Corps, as well as anticipated foreign military sales, the
potential value of the contract over the life of the program is
expected to exceed $200 million.
In the aerospace industry, Eaton is a leading supplier of
hydraulic, electro-hydraulic pump and generator products and
integrated systems; fuel 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 62,000 employees and sells products to customers in
more than 125 countries. For more information, visit www.eaton.com.
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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