NORTH
CANTON, Ohio, Feb. 21,
2023 /PRNewswire/ -- The Timken Company (NYSE: TKR;
www.timken.com), continues to be a key contributor to the latest
generation of United States Navy ships. General Dynamics Bath Iron
Works (BIW) recently awarded Timken a long-term contract to
deliver Philadelphia Gear® main reduction gears (MRGs) for all
future Flight III ships of the Arleigh Burke (DDG-51)
class. The contract, if executed fully, will result in revenue of
more than $500 million for Timken
over approximately five to eight years. Production is expected to
begin in 2024.
"Philadelphia Gear has served as a trusted partner for the U.S.
Navy for almost a century," said Carl Rapp, Timken group vice
president. "We're drawing on our deep experience, and the skillsets
of many talented and committed people, to build these main
reduction gears. We are honored to continue production for the
DDG-51 class and appreciate the trust placed in our team by Bath
Iron Works and the Navy."
Timken's Philadelphia Gear has continually adapted and evolved
its technology over the years in response to the increased speed,
maneuverability and other capabilities demanded by new generations
of Navy ships. The company won its initial contract to supply MRGs
for the Arleigh Burke class in 2010.
MRGs are large drive systems that transfer torque from a ship's
gas turbines to its propeller shafts, enabling the vessel to move
at various speeds under changing conditions. Philadelphia Gear
designs and builds these for a variety of active Navy ship classes,
ranging in size from frigates to aircraft carriers.
About The Timken Company
The
Timken Company (NYSE:
TKR; www.timken.com) designs
a growing portfolio of engineered bearings and industrial motion
products. With more than a century of knowledge and innovation, we
continuously improve the reliability and efficiency of global
machinery and equipment to move the world forward. Timken
posted $4.5 billion in sales in 2022 and employs more
than 19,000 people globally, operating from 46 countries. Timken
has been recognized among America's Most
Responsible Companies by Newsweek,
the World's Most Ethical
Companies® by Ethisphere, and
America's Best Large
Employers, Best Employers for New
Graduates and Best
Employers for Women by
Forbes.
Media Relations:
Scott
Schroeder
234.262.6420
scott.schroeder@timken.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/timken-to-continue-to-provide-main-reduction-gears-for-us-navy-arleigh-burke-ddg-51-class-ships-301751216.html
SOURCE The Timken Company