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.
Jackie Osborne, 951-270-6221