CORONA, CA -- (Marketwire) -- 06/21/11 -- CIRCOR Aerospace Products Group, a business unit of CIRCOR International (NYSE: CIR), has been selected by Piper Aircraft Inc. to design and manufacture a fuel system motor-operated fuel component on the PiperJet Altaire single-engine business jet. The contract value is not being disclosed.
CIRCOR Aerospace will perform the manufacturing, final assembly and testing of these critical fuel system components at its Corona, California facilities. CIRCOR's "rapid-response" capability will support the Iron Bird build schedule by providing prototype hardware with a 30 percent lead-time reduction. Further, CIRCOR Aerospace is applying "derivative-engineering" to take full advantage of the CIRCOR Aerospace 60 year motor operated valve pedigree, reliability, and design technology.
"The CIRCOR Aerospace team is proud to be a key supplier to Piper Aircraft. We look forward to continuing to expand the growing partnership between CIRCOR Aerospace and Piper Aircraft," said George Teets, CIRCOR Aerospace Product Line Director.
Piper Altaire maximum range is targeted at 1,300 nautical miles with a maximum cruise speed planned at 360 knots. The airplane is planned to fly 1,200 nautical miles with a payload of 800 pounds. Price point for the Piper Altaire is $2.5 million, with a typically equipped aircraft priced at $2.6 million. The Piper Altaire costs an average of 25 percent less to operate per hour than comparable production very light jets.
The Altaire has dynamic crew and passenger seats for increased safety and comfort. The airplane also has comfortable club seating in the spacious cabin with an optional seventh seat located across the aisle from the entry door.
About Piper Aircraft
Piper Aircraft Inc. is headquartered in Vero Beach, Fla. A global force in aviation, Piper offers efficient single-engine and twin-engine trainer, personal and business aircraft. Piper Aircraft designs, manufactures, sells and supports the strongest and broadest single-engine product line in the industry, from high-performance pistons to turboprops to the world's most fuel-efficient seven-person business jet, the PiperJet Altaire. With economical acquisition and operating costs, Piper airplanes deliver the best value available today and into the future. Piper is a member of the General Aviation Manufacturers Association.
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.
CIRCOR Aerospace, Inc.
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