SOURCE: Esterline Technologies

Esterline Technologies

June 17, 2015 16:05 ET

Esterline Power Systems Selected for Key Regional Jet Programs

Primary Power Distribution Systems to Be Produced for the Second-Generation E-Jet Aircraft Family and MRJ Program

BELLEVUE, WA--(Marketwired - Jun 17, 2015) - Esterline Corporation (NYSE: ESL) (www.esterline.com), a leading specialty manufacturer serving the global aerospace and defense markets, has announced that its Power Systems business group has been selected by UTC Aerospace Systems, a division of United Technologies Corporation, to design and manufacture the primary electrical power distribution systems for Embraer's second-generation of E-Jet and Mitsubishi's Regional Jet (MRJ) aircraft programs.

Esterline's equipment will support Embraer Regional Jet (ERJ) models 175-E2, 190-E2 and E195-E2, as well as the MRJ-90. The ERJ primary power distribution system consists of four separate units -- the Left Integrated Control Center, Right Integrated Control Center, Auxiliary Integrated Control Center, and Emergency Integrated Control Center. On the MRJ, Esterline will be providing the Left, Right and Emergency Integrated Control Centers. In total, Esterline estimates these contracts will generate more than $200 million in revenue for the company.

Esterline CEO Curtis Reusser said, "These wins represent a milestone achievement for our Power Systems group and are perfect examples of Esterline's ability to deliver quality, reliable products for critical aircraft systems while building on important customer partnerships for the long term."

Esterline has supplied a variety of products and equipment to UTC for various programs over the years, but this contract marks the first time the Esterline Power Systems business group will supply power distribution equipment to UTC Aerospace Systems for their assemblies. Esterline is showcasing all of its innovative brands at the Paris Air Show in Hall 5, Booth C250. 

About Esterline Power Systems:
Esterline Power Systems, a wholly owned subsidiary of Esterline Technologies Corporation and part of Esterline's Sensors & Systems segment, is a world leader for the design and manufacture of high-reliability, Leach brand power switching and control components. Esterline Power Systems specializes in combining its leading-edge components with unique design and manufacturing capabilities to provide custom AC/DC power distribution management systems. Known for its design excellence and commitment to quality and reliability since 1919, Esterline's Leach equipment and components are used on thousands of aerospace, military, space, and rail applications worldwide. 

About Esterline:
Esterline Corporation is a specialized manufacturing company serving principally aerospace/defense markets in three segments: Sensors & Systems, Avionics & Controls, and Advanced Materials. In addition to Power Systems, the Sensors & Systems segment includes operations that produce high-precision temperature and pressure sensors, fluid and motion control components, and other related systems principally for aerospace and defense customers. 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. Advanced Materials focuses on process-related technologies, including high-performance elastomer products used for a wide range of military and commercial aerospace purposes, and combustible ordnance and electronic warfare countermeasure products. Learn more about Esterline at www.esterline.com.

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are 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. 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.