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Hamilton Sundstrand Announces Nearly $350 Million in Aftermarket Agreements at Farnborough Air Show

Written by thomas · Filed Under Aeronautics News 

July 17, 2008

thomas

FARNBOROUGH, England, July 16 /PRNewswire-FirstCall/ — FARNBOROUGH AIR
SHOW — Hamilton Sundstrand, a subsidiary of United Technologies Corp.
(NYSE: UTX), 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.

» Próximo Post - Hamilton Sundstrand to Provide UMS for Sikorsky CH-53K Helicopter
« Post Aneterior - Hamilton Sundstrand Completes Acquisition of REVIMA APU from EADS Sogerma

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