Timken Awarded $2.7 Million for Advanced Bearing Technology Development
04 Maggio 2004 - 9:05PM
PR Newswire (US)
Timken Awarded $2.7 Million for Advanced Bearing Technology
Development CANTON, Ohio, May 4 /PRNewswire-FirstCall/ -- The
Timken Company was awarded its second delivery order under an
existing $20 million U.S. Air Force contract for hybrid bearing
development. The new $2.69 million order focuses on the development
of advanced engineered surfaces for bearings used in current and
next generation gas turbine aircraft engines. (Logo:
http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO ) The order
calls for Timken to develop special surface coatings that will
extend bearing life by reducing friction and improving resistance
to wear and corrosion under demanding engine operating conditions.
The company will confirm enhanced performance characteristics
through rigorous bearing testing. Timken is a recognized leader in
engineered surface technology. "Our involvement in this long-term
development program reflects the strong reputation of our people
and technical capabilities," said J. Ron Menning, vice president -
aerospace and defense. "We work with customers around the world to
bring friction management solutions to their toughest challenges.
We're confident that we will bring value to this program to advance
engine system technology that can be leveraged with broader
military as well as commercial applications." Last year Timken
received its first order under the umbrella contract covering a
total of $3.27 million for advanced bearing materials development
and testing. The overall $20 million in federal funding is part of
the Versatile Affordable Advanced Turbine Engine (VAATE) program
phase 1, a joint initiative between the Department of Defense,
Department of Energy, NASA and the U.S. aerospace industry. One of
the program's goals is to increase the affordability of new
turbine-propulsion technology over current designs. After the
initial stages of materials and surface development, Timken will
pursue additional efforts under the general contract in modeling,
testing, condition monitoring and integrated components to complete
the program. Timken supplies a wide variety of rolling bearings and
related components to the Department of Defense and other
government agencies, primarily for applications in flight hardware.
The Timken Company (NYSE:TKR); ( http://www.timken.com/ ) is a
leading global manufacturer of highly engineered bearings and alloy
steels and a provider of related products and services with
operations in 27 countries. A Fortune 500 company, Timken recorded
2003 sales of $3.8 billion and employed approximately 26,000 at
year-end. Media Contact: Dwight E. Keeney, Communications Manager,
(860) 626-2622, http://www.timken.com/media Investor Contact: Kevin
R. Beck, Manager - Investor Relations, (330) 471-7181
http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO DATASOURCE:
The Timken Company CONTACT: Media, Dwight E. Keeney, Communications
Manager, +1-860-626-2622, or Investors, Kevin R. Beck, Manager -
Investor Relations, +1-330-471-7181, both of The Timken Company Web
site: http://www.timken.com/ http://www.timken.com/media Company
News On-Call: http://www.prnewswire.com/comp/874650.html
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