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TI Group PLC (TI.)

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Monday 16 October, 2000

TI Group PLC

Re Contract

TI Group PLC
16 October 2000


                   DOWTY LANDS $40 MILLION OF CONTRACTS FOR                   
                          AIRCRAFT ACTUATION SYSTEMS                          
 
TI Group's Dowty has won contracts worth $40 million to supply landing gear,
brake and thrust reverser actuation systems for use on a wide range of
aircraft in the fast growing regional and business jet market. 
 
In a contract worth $20 million over the next 10 years, on currently forecast
aircraft sales, Dowty is to supply Messier-Dowty - the landing gear
manufacturer owned by Snecma of France - with actuators for use on Raytheon's
new Hawker Horizon and on Bombardier's Regional Jet, Challenger CL604 and
Continental jet aircraft. 
 
Additionally, Cessna, the world's leading business jet manufacturer, has
selected Dowty to design and manufacture the main and nose landing gear
actuators and the speed brake actuator for its new Cessna Sovereign aircraft.
The new contract is worth more than $15 million over the next 10 years, on
forecast sales of the aircraft. 
 
Production of the Cessna Sovereign is expected to begin in 2002, rising to 60
aircraft a month by 2005. Dowty has also secured a Long Term Agreement and
Product Support Agreement with Cessna that covers all current and future
Dowty products delivered to Cessna, including those on the highly successful
Citation X aircraft. 
 
NORDAM Group of Tulsa has selected Dowty to design and manufacture the
actuation system for its new engine thrust reverser for use in the business
jet market. This preferred supplier agreement, worth more than $5m over the
next 10 years, strengthens Dowty's world leading position in thrust reverser
actuation systems. 
 
Dowty's world leading expertise in hydraulics and actuation, and its presence
on a wide range of growth programmes in the large civil and regional and
business jet markets, is strongly complementary to the avionics and aerospace
actuation activities of Smiths Industries, which has recently announced an
agreed merger with TI Group.  
 
Earlier this month TI Group bought Impervia, the second largest manufacturer
of aerospace seals in France, for FFr115 million (£10.5 million). Impervia
will be incorporated by TI Group Specialty Polymer Products within Shamban,
its recently formed business that is focused on providing aerospace customers
with a total polymer sealing service. Shamban will also complement Smiths
Industries' aerospace interests.  
 
Geoff Smith, chief executive of Dowty, commenting on today's announcement,
said: 'These valuable new contracts underline the strength of Dowty's world
leading, proprietary technology in the field of hydraulics and actuation as
well as increasing our growing exposure to the buoyant market for regional
and business jets, complementing our strong position with Boeing and Airbus
in large civil aircraft.' 
 
 
For further information please contact:-  
 
Richard Poston  
Director of Communications
TI Group plc                                   020 7560 5739
[email protected] 
 
David Nicholas  
Head of Media Relations
TI Group plc                                   020 7560 5728
[email protected] 
 
Tom McDonnell 
Vice President, Communications
TI Group Inc., New York                       (212) 319 3101
[email protected] 
 

Notes to Editors:-

Dowty is Messier-Dowty's preferred supplier of main landing gear sidestay
actuators and currently has equipment flying on Bombardier's Global Express,
Challenger CL604 and Regional Jet as well as the Raytheon Hawker 400.
Sidestay actuators, using Dowty's patent extend lock and lock indication
technology, extend the main landing gear and then lock it into place. Dowty
has pioneered the use of internal locking actuators for regional jet landing
gear applications. 
 
In thrust reverser actuation systems, Dowty is already well established on
the Boeing 737, 757 and 777 aircraft and Bombardier's Global Express. Earlier
this year, the company secured positions on the Airbus A318, the Fairchild
-Dornier 728 JET, the Embraer ERJ 170 and the Bombardier Continental business
jet, by winning contracts worth up to $200 million through selection as
Hurel-Dubois' preferred supplier of such systems.  
 
Dowty is a world leader in specialised hydraulics and actuation,
aerostructures, turbine engine components, propellers and tubular systems for
the world's aerospace industry. From 35 facilities in Europe and North
America, it supplies 40 leading aircraft and engine OEMs, has equipment
flying on more than 200 aircraft types and supports 450 airlines and 150
military operators in 90 countries.
 
A detailed description of TI Group and its businesses can be found on the
company's website at www.tigroup.com 

PR No. 027/00



                                                                                
                                                                                
                                                                        

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