Information  X 
Enter a valid email address

Eaton Corp. (39BU)

  Print      Mail a friend

Wednesday 19 December, 2001

Eaton Corp.

Agreement

Eaton Corp
19 December 2001

( BW)(OH-EATON/GENERAL-ELECT)(ETN) Eaton Signs 10-Year, $26 Million
Agreement With GE to Develop Gas Turbine Engine Lubrication System


   Business Editors



   CLEVELAND--(BUSINESS WIRE)--Dec. 19, 2001--Diversified industrial

manufacturer Eaton Corporation (NYSE:ETN) said today its Aerospace

business has signed a developmental agreement with General Electric

Company to provide the lubrication subsystem for the GE LV100-5 gas

turbine engine. The value of the contract award is estimated at $26

million over the next 10 years.

   The GE LV100-5 is a 1,500 shaft horsepower industrialized

turboshaft jet engine selected to power the U. S. Army's M2 Abrams

main battle tank and the XM2001/XM2002 Crusader armored vehicle.

   Eaton will design, engineer and manufacture the lube tank

subsystem, which can be used interchangeably and consists of an oil

reservoir, air-oil separator, related sensors and accessories, and two

fill systems to provide direct and remote fill capabilities.

   Delivery of the first development tanks will take place next year,

with full-scale production slated to begin in 2003.

   In the aerospace industry, Eaton is a leading supplier of

hydraulic, electro-hydraulic pump and generator products and

integrated 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 global $8 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 49,000 employees and sells products in more than 50

countries. For more information, visit www.eaton.com.

   This bulletin contains forward-looking statements concerning the

revenues expected from the lubrication tank subsystem program and from

other aerospace bookings. 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: governmental

priorities, unanticipated technological problems or further

substantial deterioration of economic and financial conditions in the

United States. We do not assume any obligation to update these

forward-looking statements.



    --30--slb/clv* eym/in



    CONTACT: Eaton Corporation
             Renald M. Romain, 216/523-4736





                                                                                
                                              

a d v e r t i s e m e n t