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TI Group PLC (TI.)


Monday 13 November, 2000

TI Group PLC

Re Contract

TI Group PLC
13 November 2000

               DOWTY WINS £75 MILLION CONTRACT FOR NEW EUROPEAN               
                          MILITARY TRAINER AIRCRAFT                           
TI Group's Dowty has been selected to design and manufacture the primary
flight control actuators for the Aermacchi M-346, a new advanced military jet
trainer specifically tailored for Eurofighter Typhoon pilots.
Under the contract, Dowty will supply Aermacchi SpA, based in Varese, Italy,
with a complete suite of triplex Direct Drive controlled actuators to control
elevon, tailplane and rudder flight surfaces. On currently projected sales of
the M-346, the value of the contract to Dowty is estimated at £75 million.
Dowty will be working with BAE SYSTEMS Controls in Santa Monica, California,
and Teleavio in Genoa, Italy, a collaboration between Marconi Communications
and Finmeccanica SpA, to develop and provide Aermacchi with a fully
integrated, complete flight control system for the M-346, which is scheduled
to fly in prototype form during 2002.
The Aermacchi M-346 is specifically tailored to be a trainer for Eurofighter
Typhoon pilots. As well as the requirements of the Italian Air Force, the
joint re-equipment of European military flight training schools, expected by
the end of this decade, also represents a major market opportunity for the
new aircraft.

The M-346 will be a fully westernised version of an aircraft that Aermacchi
is developing with Russian partners from the YAK-130 military trainer, which
was itself developed to meet Russian Air Force requirements.
Dowty's world leading expertise in hydraulics and actuation for the civil and
military aircraft markets is strongly complementary to the avionics and
aerospace actuation activities of Smiths Industries, which has recently
announced an agreed merger with TI Group. Together, the two companies have so
far won business worth more than £600 million on the Eurofighter and its
Typhoon export variant.
Geoff Smith, Chief Executive Officer of Dowty, commenting on the announcement
'I am pleased that Dowty has won this valuable contract for the new Aermacchi
military jet trainer, which once more underlines our leading position in
primary flight control actuation. The M-346 addresses a significant market
opportunity to be the jet trainer of choice for future Eurofighter Typhoon
pilots and we look forward to working with BAE SYSTEMS Controls and Teleavio
to provide Aermacchi with fully integrated flight control systems for the new
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.

For further information please contact:-  
Richard Poston                                    020 7560 5739
Director of Communications
TI Group plc
[email protected] 
David Nicholas                                    020 7560 5728
Head of Media Relations
TI Group plc
[email protected] 
Tom McDonnell                                    (212) 319 3101
Vice President, Communications
TI Group Inc., New York
[email protected] 

Notes to Editors:-

TI Group plc, listed on the London Stock Exchange, is one of the world's
leading specialised engineering companies. Headquartered in the UK, the Group
operates on a global basis and employs over 40,000 people at more than 450
manufacturing and customer service facilities in over 45 countries.
Dowty is one of TI Group's four world leading businesses, the others being
John Crane (engineered sealing systems), TI Group Specialty Polymer Products
(engineered polymer sealing solutions) and TI Group Automotive Systems
(automotive fluid carrying systems). Group sales revenue is 1999 was £2.7
billion, of which 46% was North America, 27% Continental Europe, 20% UK and
7% Rest of the World.
A detailed description of TI Group and its businesses can be found on the
company's website at 
PR No. 030/00 


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