CIRCOR Aerospace Selected by Sikorsky for BLACK HAWK Helicopter Landing Gear
December 12 2011 - 4:00PM
Business Wire
The CIRCOR Aerospace Products Group, a business unit of CIRCOR
International (NYSE: CIR), has been selected by Sikorsky Aircraft,
a subsidiary of United Technologies Corporation (NYSE: UTX), to
execute a multi-year contract, with an initial award of
approximately $25 million to manufacture landing gear for its H-60
- BLACK HAWK and Seahawk® Helicopters.
“As previously announced on our third-quarter financial results
call in November, this contract award is another example of
CIRCOR’s ability to win projects with excellent long-term growth
potential,” said Chairman and Chief Executive Officer Bill Higgins.
“Our investments in engineering and proprietary product development
have resulted in a number of program wins for CIRCOR Aerospace. We
remain focused on making organic investments in sales, marketing,
product development and manufacturing in order to capitalize on
future opportunities across all three of our business
segments.”
CIRCOR Aerospace will perform the manufacturing, final assembly
and testing of the landing gear at its Corona, California facility.
CIRCOR Aerospace has extensive experience in the successful
execution of similar programs. The award of this landing gear
package positions the CIRCOR Aerospace team as a major partner to
Sikorsky Aircraft.
“The CIRCOR Aerospace team is proud to be a key supplier to
Sikorsky. We look forward to continuing to expand the partnership
between CIRCOR Aerospace and the Sikorsky companies,” said Michael
Dill, CIRCOR Aerospace Products Group Vice President. “CIRCOR
Aerospace would also like to express its appreciation to Oxford
Industries for their support on this winning effort.”
About CIRCOR Aerospace Products Group
The CIRCOR Aerospace Products Group is focused on the
design, development, and manufacture of specialty fluidic control,
actuation, and aircraft landing gear systems for demanding
aerospace and defense applications. CIRCOR Aerospace provides a
full range of fluid controls and electro-mechanical controls,
actuation systems, manifold assemblies, and complete landing gear
systems. CIRCOR Aerospace has business units located in California,
Ohio, New York, Paris, Chemille and Pau, France, Tangier, Morocco
and Suzhou, China.
CIRCOR International is headquartered in Burlington,
Massachusetts and the CIRCOR Aerospace Products Group is
headquartered in Corona, California.
About CIRCOR International, Inc.
CIRCOR International, Inc. designs, manufactures and markets
valves and other highly engineered products for the industrial,
aerospace and energy markets. With more than 7,000 customers in
over 100 countries, CIRCOR has a diversified product portfolio with
recognized, market-leading brands. CIRCOR’s culture, built on the
CIRCOR Business System, is defined by the Company’s commitment to
attracting, developing and retaining the best talent and pursuing
continuous improvement in all aspects of its business and
operations. The Company’s strategy includes growing organically by
investing in new, differentiated products; adding value to
component products; and increasing the development of
mission-critical subsystems and solutions. CIRCOR also plans to
leverage its strong balance sheet to acquire strategically
complementary businesses. For more information, visit the Company’s
investor relations web site at http://investors.circor.com.
About Sikorsky Aircraft
Sikorsky Aircraft Corp., based in Stratford, Conn., is a world
leader in helicopter design, manufacture 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.
Safe Harbor Statement
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Reliance should not be placed on forward-looking
statements because they involve unknown risks, uncertainties and
other factors, which are, in some cases, beyond the control of
CIRCOR. Any statements in this press release that are not
statements of historical fact are forward-looking statements.
Actual events, performance or results could differ materially from
the anticipated events, performance or results expressed or implied
by such forward-looking statements. BEFORE MAKING ANY INVESTMENT
DECISIONS REGARDING OUR COMPANY, WE STRONGLY ADVISE YOU TO READ THE
SECTION ENTITLED "RISK FACTORS" IN OUR MOST RECENT ANNUAL REPORT ON
FORM 10-K AND SUBSEQUENT REPORTS ON FORMS 10-Q, WHICH CAN BE
ACCESSED UNDER THE "INVESTORS" LINK OF OUR WEBSITE AT
WWW.CIRCOR.COM. We undertake no obligation to publicly update or
revise any forward-looking statement, whether as a result of new
information, future events or otherwise.
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