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4-Traders Homepage  >  Equities  >  Nyse  >  Eaton Corp PLC    

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Eaton Corporation : Airbus Selects Eaton to Provide Conveyance Products for New A350 XWB Passenger Jets; Design Optimizes Safety and Reduces Aircraft Weight

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03/28/2012 | 07:14pm CET

Airbus Selects Eaton to Provide Conveyance Products for New A350 XWB Passenger Jets; Design Optimizes Safety and Reduces Aircraft Weight

CLEVELAND … Diversified industrial manufacturer Eaton Corporation announced that it has been selected by Airbus to provide conveyance components for 250 new A350 XWB commercial passenger jets in production through 2017. Eaton's components serve key functions in the aircraft's environmental control system (ECS), which supports cabin safety and air quality, and the single-joint design also helps reduce overall aircraft weight. The contract value has not been disclosed.

Eaton will supply pneumatic couplings, flanges and seals required to secure ducts in the ECS and maintain a safe and comfortable passenger cabin. Eaton's unique design, which can be found on the vast majority of fixed-wing aircraft in production today, incorporates the three products into a complete joint, optimizing weight savings and ease of installation.

"Eaton's extensive experience in aerospace components, years of flight service and talented employees are important factors in delivering the highest levels of safety and reliability to our customers," said Andy Weeks, general manager of Eaton's conveyance systems division. "We're pleased to provide component support to Airbus for all variants of the A350 XWB platform that will improve aircraft performance, and also reduce overall aircraft weight to increase fuel efficiency."

Components for the A350 XWB will be manufactured at Eaton's aerospace facility in Beltsville, Md.

In the aerospace industry, Eaton is a leading supplier of hydraulic, electro-hydraulic pump and generator products and integrated systems; engine and airframe fuel pumps; electric motors; aircraft door actuation, flight and flow controls; fluid, fuel and air delivery products and systems; nose wheel steering systems; integrated control systems; cockpit controls and displays; power and load management systems; pressure sensors, seals, and fluid health monitoring products and systems. Eaton serves commercial and military aviation, aerospace, military weapons, marine and off-road markets worldwide.

Eaton Corporation is a diversified power management company with more than 100 years of experience providing energy-efficient solutions that help our customers effectively manage electrical, hydraulic and mechanical power. With 2011 sales of $16.0 billion, Eaton is a global technology leader in electrical components, systems and services for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use; and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety. Eaton has approximately 73,000 employees and sells products to customers in more than 150 countries.www.eaton.com.



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This press release was issued by Eaton Corporation and was initially posted at http://www.eaton.com/Eaton/OurCompany/NewsEvents/NewsReleases/PCT_348815 . It was distributed, unedited and unaltered, by noodls on 2012-03-28 19:02:52 PM. The issuer is solely responsible for the accuracy of the information contained therein.

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Financials ($)
Sales 2016 19 788 M
EBIT 2016 2 460 M
Net income 2016 1 919 M
Debt 2016 7 615 M
Yield 2016 3,15%
P/E ratio 2016 16,14
P/E ratio 2017 15,53
EV / Sales 2016 1,94x
EV / Sales 2017 1,95x
Capitalization 30 684 M
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Consensus 
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 70,5 $
Spread / Average Target 3,8%
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Managers
NameTitle
Craig Arnold Chairman & Chief Executive Officer
Richard H. Fearon Vice Chairman, Chief Financial & Planning Officer
William W. Blausey Chief Information Officer & Senior Vice President
Ramanath Ramakrishnan Chief Technology Officer & Executive VP
Linda A. Hill Independent Director
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