July 16, 2008
Hamilton Sundstrand Announces Nearly $350 Million in Aftermarket Agreements at Farnborough Air Show
FARNBOROUGH, England, July 16 /PRNewswire-FirstCall/ -- FARNBOROUGH AIR SHOW -- Hamilton Sundstrand, a subsidiary of United Technologies Corp. , announced nearly $350 million in new aftermarket agreements at the 2008 Farnborough Air Show. This figure covers the cumulative revenues over the expected life of the agreements.
Those contracts include agreements with SR Technics, Volvo Aero Services, Japan Airlines, Saab Aerotech, ACT-Aero Technical Support and Services Inc., and the U.S. Army CECOM Life Cycle Management Command.
Hamilton Sundstrand aftermarket agreements come in the form of spare parts, repair, Maintenance Service Programs, On-Site Support, and Comprehensive Asset Repair and Exchange (C.A.R.E.).
"Hamilton Sundstrand is proud to offer its airline and OEM customers reliable, convenient and cost-effective support," said Mike Dumais, Hamilton Sundstrand Customer Service vice president and general manager. "Our ability to do so is evident by the amount of aftermarket support agreements we sign each year."
With 2007 revenues of $5.6 billion, Hamilton Sundstrand employs approximately 19,000 people worldwide and is headquartered in Windsor Locks, Conn. Among the world's largest suppliers of technologically advanced aerospace and industrial products, the company designs, manufactures and services aerospace systems and provides integrated system solutions for commercial, regional, corporate and military aircraft. It also is a major supplier for international space programs.
United Technologies Corp., based in Hartford, Conn., is a diversified company providing high technology products and services to the building and aerospace industries worldwide.
This release includes "forward looking statements" concerning business opportunities and other matters that are subject to risks and uncertainties. Important factors that could cause actual results to differ materially from those anticipated or implied in forward looking statements include changes in economic conditions and airline flight hours; challenges in the design, development, production and support of advanced technologies and new products; and delays and disruption in delivery of materials and services from suppliers. For information identifying other important legal, technological, competitive and other uncertainties, see UTC's SEC filings as submitted from time to time, including but not limited to, the information included in UTC's 10-K and 10-Q Reports under the headings "Business,""Risk Factors,""Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Cautionary Note Concerning Factors that May Affect Future Results," as well as the information included in UTC's Current Reports on Form 8-K.
Contact: Dan Coulom 860-305-5471 Colleen Carroll 815-262-9825 Chalet D, 14 Exhibit Stand: Hall 4, F-14 44 (0) 1252 417 490
CONTACT: Dan Coulom, +1-860-305-5471, or Colleen Carroll,+1-815-262-9825, both of Hamilton Sundstrand
Web site: http://www.hamiltonsundstrandcorp.com/