Hamilton Sundstrand signs long-term spare parts agreement with Fokker Services

Jul 09, 2012, 03:53 ET from Hamilton Sundstrand Corporation

LONDON, July 9, 2012 /PRNewswire/ -- FARNBOROUGH AIR SHOW --  Hamilton Sundstrand Corporation, a subsidiary of United Technologies Corporation (NYSE: UTX), signed a long-term agreement with Fokker Services to provide spare parts to support components repaired by Fokker workshops through 2016.

This purchase contract is valued at $33.2 million and covers the supply of integrated drive generators and other equipment maintained by Fokker Services Amsterdam on a wide range of regional and commercial aircraft built mainly by Airbus, Boeing, Bombardier and Fokker.

"We're pleased to be able to support Fokker Services' spare parts needs for their Hamilton Sundstrand equipment," said Jim Patrick, Hamilton Sundstrand Customer Service vice president and general manager. "This partnership allows Hamilton Sundstrand and Fokker Services to provide the highest quality and most cost effective maintenance solution to our mutual customers."

Fokker Services offers integrated services focused on increasing technical dispatch reliability and passenger comfort while reducing direct operating costs. These integrated services consist of aircraft services solutions, logistic solutions and technical solutions.

With 2011 sales of $6.2 billion, Hamilton Sundstrand 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 that provides high-technology products and services to the aerospace and building industries.

Please visit www.utcaero.com for news from United Technologies at the Farnborough Air Show 2012.

This press release contains forward-looking statements concerning potential production and sale of Hamilton Sundstrand aerospace products and services.  Important uncertainties that could cause actual results to differ materially from those anticipated include the severity and duration of global recessionary conditions, including extended contraction in credit conditions; the impact of volatility and weakness in financial markets on overall levels of economic activity; declines in end market demand in the aerospace industry; financial difficulties, including bankruptcy, of commercial airlines; challenges in the design, development, production and support of advanced technologies; as well as other risks and uncertainties, including but not limited to those detailed from time to time in United Technologies Corporation's Securities and Exchange Commission filings.

Contact:

Dan Coulom

860-654-3469

Daniel.coulom@hs.utc.com

www.hamiltonsundstrand.com

SOURCE Hamilton Sundstrand Corporation



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