Esterline Signs Contract to Supply Engineered Materials to Hinkley Point C Nuclear Power Station
01 Noviembre 2018 - 2:05PM
Esterline will provide stainless steel pond and pool
liners, water storage containment tanks, and other ancillary
equipment
Esterline Corporation (NYSE: ESL) (www.esterline.com), a leading
specialty manufacturer serving global aerospace and defense
markets, today announced that it has signed an agreement with
customer BYLOR (a joint venture between Bouygues TP and Laing
O’Rourke) to supply the Hinkley Point C nuclear power station with
several large stainless steel pond/pool liners, in-containment
reactor water storage tanks (IRWST), and other tanks, vessels and
ancillary equipment used throughout the life of the power station.
The contract is expected to exceed ₤90 million (approx.. $116
million USD) for Esterline over six and a half years.
A joint venture partnership between Esterline and Efinor (EDEL)
was selected for the project due to EDEL’s combined expertise in
similar nuclear pool liner projects, particularly in the UK and
France. Esterline offers a unique prefabricated modular solution
with their Darchem engineered materials that reduces installation
time and ensures program security by performing a majority of the
fabrication in the factory, therefore requiring less time for
construction at the site.
Curtis Reusser, Esterline Chief Executive Officer, said, “This
contract culminates a long partnership between several parties to
make the Hinkley Point C nuclear project a reality, and we are
pleased to support it with our longstanding expertise in this
sector. In addition, this sizeable contract for our Darchem team
extends their ability to provide skilled jobs in the region,
continue growing in-house talent, and expand our successful
apprenticeship program to support this key market segment.”
Esterline’s Darchem products have been serving the nuclear
industry for more than 50 years. The team is widely known for its
leading position in the design, manufacture and installation of
specialized thermal insulation to nuclear steam supply systems. In
addition, Esterline provides a wide range of other engineered
materials for the nuclear industry including waste containers,
nuclear vent ducting and a passive fire protection system that is
approved for use on both U.S. and European nuclear plants. Darchem
products can be found in over 180 nuclear plants in 20
countries.
The work is expected to begin later this year and contribute to
Esterline’s operational results starting in fiscal 2019.
About Esterline:
Esterline Corporation is a leading worldwide
supplier to the aerospace and defense industry specializing in
three core areas: Advanced Materials; Avionics & Controls; and
Sensors & Systems. With annual sales of approximately $2
billion, Esterline employs roughly 13,000 people worldwide.
Operations within the Advanced Materials segment
focus on technologies including high-temperature-resistant
materials and components used for a wide range of military and
commercial aerospace purposes, and combustible ordnance and
electronic warfare countermeasure products.
Operations within the Avionics & Controls
segment focus on technology interface systems for commercial and
military aircraft and similar devices for land- and sea-based
military vehicles, cockpit displays and integration systems, flight
training and simulation equipment, secure communications systems,
specialized medical equipment, and other high-end industrial
applications.
The Sensors & Systems segment includes
operations that produce high-precision temperature and pressure
sensors, specialized harsh-environment connectors, electrical power
distribution equipment, and other related systems principally for
aerospace and defense customers.
This press release contains “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements relate to future events
or our future financial performance. In some cases, you can
identify forward-looking statements by terminology such as
“anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,”
“intend,” “may,” “might,” “plan,” “potential,” “predict,” “should”
or “will,” or the negative of such terms, or other comparable
terminology. These forward-looking statements are only
predictions based on the current intent and expectations of the
management of Esterline, are not guarantees of future performance
or actions, and involve risks and uncertainties that are difficult
to predict and may cause Esterline’s or its industry’s actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements. Esterline’s actual
results and the timing and outcome of events may differ materially
from those expressed in or implied by the forward-looking
statements due to risks detailed in Esterline’s public filings with
the Securities and Exchange Commission including its most recent
Annual Report on Form 10-K/A.
Contact: |
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Investor Relations –
John Hobbs Media – Michelle DeGrand+1 425-453-9400 |
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