Eaton Awarded Couplings And Hoses Contract For The New Boeing 787 Commercial Aircraft
CLEVELAND … Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) announced today that it has been selected by The Boeing Company to provide quick-disconnect coupling products and hose products for the new 787 Dreamliner commercial aircraft. The potential value of the contract award is estimated at more than $88 million over the life of the program.
The Eaton Aeroquip® brand quick-disconnect coupling and hoses were selected by Boeing to support the new aircraft’s Integrated Cooling System (ICS) and Power Equipment Cooling System (PECS). These systems provide efficient liquid cooled thermal management across an array of electrical systems and instruments within the platform.
"The Boeing 787 Dreamliner, a new aircraft designed for the future of commercial aviation, provides greater operational efficiencies to the airlines and a more comfortable flying environment for passengers,” said Bradley Morton, Eaton vice president and president - Aerospace Operations. “Eaton's contributions to the ICS and PECS systems are one more example of our ability to provide our key customers with state-of-the-art technology that enhances performance, improves reliability and reduces overall cost of ownership."
The 787 Dreamliner will use 20 percent less fuel than today's airplanes of comparable size, provide airlines with up to 45 percent more cargo revenue capacity and present passengers with ground-breaking innovations including an improved interior environment, wider seats and aisles, larger windows and other benefits. The 787's lightweight composite structure makes many of these advances possible.
The 787 Dreamliner has accumulated 455 orders and commitments from 36 airlines and leasing customers around the world. Development of the 787 is on schedule for the first flight in 2007 and entry into service in 2008.
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’s aerospace business serves commercial and military aviation, aerospace, military weapons, marine and off-road markets worldwide.
Eaton Corporation is a diversified industrial manufacturer with 2005 sales of $11.1 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 drive-train systems for safety and fuel economy; and automotive engine air management systems, power-train solutions and specialty controls for performance, fuel economy and safety. Eaton has 60,000 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 Boeing 787 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 and elsewhere. We do not assume any obligation to update these forward-looking statements.