BELLEVUE, WA--(Marketwired - Jun 15, 2015) - Esterline Corporation (
"With this win, we are excited to advance our efforts toward achieving global leadership status for this type of subsystem integration," said Esterline President & CEO Curtis Reusser. "Our continued support of Boeing programs such as the 787 Dreamliner and 777 is a testament to our strong partnership and ability to deliver world-class products on the cutting edge of today's aerospace technology."
According to Boeing, the 777X builds on the success of many technology developments introduced on the 777 and 787 airplanes, including increased engine and fuel efficiency, superior aerodynamics, and lighter, composite components. The flight deck control panels supplied by Esterline are designed to support the needs of these modern aircraft and feature a digital interface, lightweight components, and state-of-the-art electronics. Esterline will design and manufacture the panels in its Everett, Wash., facility under the Korry® product brand and the panels will also feature Esterline's Avista® software services and Mason™ rotary switches.
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 approaching $2 billion, Esterline employs roughly 13,000 people worldwide.
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, cockpit integration systems, secure communications systems, specialized medical equipment, and other high-end industrial and gaming applications.
The Sensors & Systems segment includes operations that produce high-precision temperature and pressure sensors, specialized harsh-environment connectors, electrical power distribution equipment, and other related systems principally for aerospace and defense customers.
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 including its most recent Annual Report on Form 10-K.