Esterline Partners With Rolls-Royce on Trent XWB Engine Program
| Source: Esterline Technologies
BELLEVUE, WA--(Marketwire - April 9, 2009) - Esterline Corporation (NYSE : ESL )
(www.esterline.com), a leading specialty manufacturer serving principally
aerospace and defense markets, announced today that its Advanced Sensors
operation has been chosen by Rolls-Royce to partner on its Trent XWB engine
program.
The Rolls-Royce Trent XWB is the sole engine currently available to power
all variants of the new Airbus A350 XWB family of aircraft. To date,
Rolls-Royce has received over 1,000 orders for Trent XWB engines.
Robert W. Cremin, Esterline's Chief Executive Officer, said Esterline will
be responsible for the supply of approximately 30 separate components in
the sensors package. At least 75% of these components "...will be produced
in-house at our Advanced Sensors facilities, including our U.K.-based
Weston Aerospace operation, our France-based Auxitrol operation, our
U.S.-based Norwich Aero operation, and our new facility in Mexico," he
said. The balance of the package will be procured from strategic suppliers
to Esterline.
The first Esterline-supplied Trent XWB components are scheduled for
delivery to Rolls-Royce in early 2010. Initial ground testing of the Trent
XWB is due to commence in late 2010, with entry into service of the new
Airbus airliner scheduled for 2013.
Cremin estimated the agreement would generate approximately $500 million in
revenue over the life of the program. He said Esterline will act as a Tier
1 supplier in an arrangement that "...enables us to earn revenue from every
flying hour over the entire life of the program."
Esterline Advanced Sensors serves the gas turbine and aircraft markets with
a range of pressure, speed and temperature sensors. It employs over 900
people in manufacturing facilities located in Europe, the United States and
Mexico.
Esterline Advanced Sensors supports many current Rolls-Royce civil engine
programs, including the RB211-535, RB211-524, BR710, BR715, Trent 500,
Trent 700, Trent 800, and Rolls-Royce's industrial and military
applications. It provides all-inclusive customer service and support on
its components via its dedicated aftermarket division 'Esterline Sensor
Services.'
About Esterline:
Esterline Corporation is a leading worldwide supplier to the aerospace and
defense industry specializing in three core areas: Advanced Materials,
Avionics & Controls and Sensors & Systems. With annual sales of $1.5
billion, Esterline employs more than 10,000 people, including 1,500
engineers worldwide. The Sensors & Systems segment includes operations
that produce high-precision temperature and pressure sensors, electrical
power distribution equipment, and other related systems principally for
aerospace and defense customers. Operations within the Advanced Materials
segment focus on technologies including high-temperature-resistant
materials and components used for a wide range of military and commercial
aerospace purposes, and combustible ordnance and electronic warfare
countermeasure products. Operations within the Avionics & Controls segment
focus on technology interface systems for commercial and military aircraft
and similar devices for land- and sea-based military vehicles, secure
communications systems, specialized medical equipment, and other high-end
industrial applications.
This press release contains "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995. These statements
relate to future events or our future financial performance. In some cases,
you can identify forward-looking statements by terminology such as
"anticipate," "believe," "continue," "could," "estimate," "expect,"
"intend," "may," "might," "plan," "potential," "predict," "should" or
"will," or the negative of such terms, or other comparable terminology.
These forward-looking statements are only predictions based on the current
intent and expectations of the management of Esterline, are not guarantees
of future performance or actions, and involve risks and uncertainties that
are difficult to predict and may cause Esterline's or its industry's actual
results, performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by the
forward-looking statements. Esterline's actual results and the timing and
outcome of events may differ materially from those expressed in or implied
by the forward-looking statements due to risks detailed in Esterline's
public filings with the Securities and Exchange Commission.