Mon Dec 16, 2002 -
IRVINE, CA ... Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) announced today that its aerospace business was selected by Air France to supply engine-driven hydraulic pumps and AC motor pumps for its new fleet of 13 Boeing 777-300s.
Total value of the new contract award is $3.2 million. Eaton currently supplies engine-driven hydraulic pumps and AC motor pumps on the Air France fleet of Boeing 777-200s.
"We are pleased to receive this award, which ensures that the engine-driven pumps and AC motor pumps that Eaton supplies to Air France are common with its Airbus A330, A340 and A320 platforms," said Steven K. Eisenberg, Eaton aerospace operations vice president.
Additionally, Eaton was selected in June of this year to supply the engine-driven hydraulic pumps and AC motor pumps for Air France's new fleet of Airbus A318s.
Eaton also supplies the Ram Air Turbine (RAT) hydraulic pumps and bent axis motors on Air France's Concorde fleet.
Eaton's aerospace business unit serves commercial and military aviation, aerospace, military weapons and marine markets worldwide with a broad range of products and integrated systems.
Eaton is a global $7.3 billion diversified industrial manufacturer that is a leader in fluid power systems; electrical power quality, distribution and control; automotive engine air management and fuel economy; and intelligent truck systems for fuel economy and safety. Eaton has 48,000 employees and sells products in more than 50 countries.
This news release contains forward-looking statements concerning the revenues expected from Air France for providing engine-driven hydraulic pumps and AC motor pumps for its fleet of 13 Boeing 777-300s. These statements are subject to various risks and uncertainties, some of which are outside the company's control. The following factors could cause actual results to differ from those forward-looking statements: changes in the total production order, unanticipated technological or production problems or deterioration of the economic or financial conditions in the United States or France. We do not assume any obligation to update these forward-looking statements.