Smiths Group Regulatory News (SMIN)

12 Dec 2006 15:00

SMITHS Aerospace, part of the global technology business SmithsGroup, has entered into a Risk and Revenue Sharing program with GEAviation. The program has a potential sales value to Smiths Aerospaceof more than $60 million over its lifetime. £ The program involves five F404 components that are manufactured atthe Smiths Aerospace Components facility in Asheville, North Carolina.Under the program, Smiths will produce these parts for new and spareengines. Deliveries will continue through 2023. £ Peter Wright, President, Smiths Aerospace Components, said:"Smiths has proven technical capability and strong customer relationswith GE Aviation. This Risk and Revenue Sharing program represents aunique opportunity for Smiths to extend our participation on the F404for the life of the program. We anticipate that the F404 will havedecades of use in powering the F/A-18s." £ The performance and reliability of F404 engines have set thestandard for modern fighter engines. The engine family powers multipleaircraft performing a broad spectrum of missions from low-level attackto high-altitude interceptors. In addition to powering the U.S. Navy'sfleet of F/A-18 A/B/C/D carrier-capable aircraft, the F404 is on otherinternational aircraft such as the Swedish Gripen and Korean T-50trainer. Some 3,700 of F404-GE-400 engine family have been built. TheU.S. Navy inventory for the F404 is currently at more than 1,300engines. £ Smiths Group £ Smiths is a global technology company, listed on the London StockExchange. Smiths Group is a world leader in the practical applicationof advanced technologies. Its products and services make the worldsafer, healthier and more productive. Smiths Group has four divisions:Aerospace, Detection, Medical and Specialty Engineering. It employs32,000 people and has over 250 major facilities in 50 countries. Formore information visit www.smiths.com £ Smiths Aerospace £ Smiths Aerospace is a leading transatlantic aerospace systems andequipment business, with more than 11,000 employees and $2.3 billionrevenues globally. The business holds key positions in the supplychains of all major military and civil aircraft and enginemanufacturers and is a world-leader in digital, electrical power,mechanical systems, engine components and customer services. Forfurther information visit www.smiths-aerospace.com Copyright Business Wire 2006