Date: November 6, 2007
Sikorsky Selects Eaton To Supply Integrated Fuel System
For New CH-53K Helicopter
IRVINE, Calif. … 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 integrated fuel system for Sikorsky’s new military heavy-lift helicopter, the CH-53K. This is in addition to the contract for the helicopter’s hydraulic power generation system and fluid conveyance package awarded to Eaton in July.
During the development phase of the program, which runs through 2014, Eaton will provide the integrated fuel system 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 $96 million and, when combined with anticipated foreign military sales, is expected to exceed $160 million over the approximate 12-year life of the program.
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.
In the aerospace industry, Eaton is a leading supplier of hydraulic and 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; and 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 63,000 employees and sells products to customers in more than 140 countries.
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 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. We do not assume any obligation to update these forward-looking statements.