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Date: July 12, 2007
Sikorsky Selects Eaton To Supply Hydraulic Power Generation System
And Fluid Conveyance Package For New CH-53K Helicopter
CLEVELAND … 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 flap and slat systems; fluid conveyance products and systems; nose wheel steering systems; integrated control systems; cockpit controls; power and load management systems; pressure sensors and fluid debris 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.
This news release contains forward-looking statements concerning the revenues expected from the Sikorsky CH-53K program program. 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 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 Brazil. We do not assume any obligation to update these forward-looking statements.