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Eaton Selected to Supply Five Key Packages on Embraer's Newest Very Light Jet

Posted on: Wednesday, 12 October 2005, 09:00 CDT

Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) was selected by Brazilian aircraft manufacturer Embraer to provide five key packages for its recently announced Very Light Jet program. The revenues from these aerospace contract awards are estimated at $70 million over the life of the program

Eaton's extensive involvement includes the design, development and manufacture of the aircraft's hydraulic power generation package; the aircraft's flap system and landing gear control hydraulic components; and miscellaneous cockpit controls, including the throttle, landing gear and flap selector. Eaton is also pursuing additional packages on Embraer's Very Light Jet and the new Light Jet development programs.

"These new contracts significantly strengthen Eaton's long-standing business relationship with Embraer, allowing us to provide several key packages for the emerging small jet market," said Bradley Morton, Eaton vice president and president -- Aerospace Operations.

The Embraer Very Light Jet can carry up to eight occupants and will be powered by Pratt & Whitney Canada PW617F jet engines. It is scheduled to enter service in mid-2008.

In the aerospace industry, Eaton is a leading supplier of hydraulic and electro-hydraulic pump and generator products and integrated systems; electric motors; aircraft flap and slat systems; fluid conveyance products and systems; nose wheel steering systems; integrated control systems; cockpit controls; power and load management systems; pressure sensors; and fluid debris monitoring products and systems. Eaton serves commercial and military aviation, aerospace, defense, marine and off-road markets worldwide.

Eaton Corporation is a diversified industrial manufacturer with 2004 sales of $9.8 billion. Eaton is a global leader in electrical systems and components for power quality, distribution and control; fluid power systems and services for industrial, mobile and aircraft equipment; intelligent truck drivetrain systems for safety and fuel economy; and automotive engine air management systems, powertrain solutions and specialty controls for performance, fuel economy and safety. Eaton has 57,000 employees and sells products to customers in more than 125 countries. For more information, visit www.eaton.com.

This news release contains a forward-looking statement concerning the revenues expected from the Embraer Very Light Jet program. This statement should be used with caution because it is subject to various risks and uncertainties, some of which are outside the company's control. The following factors could cause actual results to differ materially from those forward-looking statements: changes in customer priorities, unanticipated technological problems, deterioration of the economic or financial conditions in the United States or abroad for the market for very light jets. We do not assume any obligation to update this forward-looking statement.

Source: Business Wire

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