AlliedSignal Acquires Du Pont Lanxide Composites Joint Venture.TORRANCE Torrance, industrial and residential city (1990 pop. 133,107), Los Angeles co., SW Calif.; inc. 1921. It has large aircraft and electronics industries. Among its many manufactures are aircraft, electronics, communications equipment, aluminum products, steel, and , Calif.--(BUSINESS WIRE)--Aug. 13, 1998--AlliedSignal Inc. Thursday Thursday: see week. announced that it has acquired 100 percent of the outstanding common stock of Du Pont Du Pont (d  pŏnt), family notable in U.S. industrial history. The Du Pont family's importance began when Eleuthère Irénée Du Pont established a gunpowder mill on the Lanxide Composites Inc., a Delaware-based joint
venture between DuPont and the Lanxide Corp.The company produces ceramic This article is about ceramic materials. For the fine art, see Ceramic art. The word ceramic is derived from the Greek word κεραμικός (keramikos). matrix composites used in aerospace and other industrial applications. Du Pont Lanxide Composites had 1997 sales of $8.6 million. It will become part of the Aircraft Landing Systems unit of AlliedSignal Aerospace Equipment Systems and will be renamed AlliedSignal Composites Inc. Financial terms of the acquisition were not announced. "We're pleased to add this exciting new technology to our portfolio," said AlliedSignal Aerospace Equipment Systems President and Chief Executive Officer Tig H. Krekel. "Ceramic matrix composites have significant potential for a wide range of usages, which we believe can take us into new business segments." Ceramic matrix composites are an emerging technology that combines the attributes of ceramics ceramics (sərăm`ĭks), materials made of nonmetallic minerals that have been permanently hardened by firing at a high temperature, or objects made of such materials. -- extreme heat and corrosion resistance -- with low oxidation oxidation /ox·i·da·tion/ (ok?si-da´shun) the act of oxidizing or state of being oxidized.ox·idative ox·i·da·tion n. 1. The combination of a substance with oxygen. 2. . This makes the technology practical for a wide range of aerospace and industrial applications that call for a lightweight material capable of withstanding high temperatures. "By joining forces with AlliedSignal, the world's premier supplier of aerospace products, we will be able to leverage our technology across an even broader range of applications," said Bob Blickenstaff, president, Du Pont Lanxide Composites. Aerospace Equipment Systems is one of AlliedSignal's 11 strategic businesses. Aerospace Equipment Systems manufactures a wide variety of systems and components, including wheels and brakes, environmental- control systems, power systems, lighting and engine systems and accessories. AlliedSignal is an advanced-technology and manufacturing company serving customers worldwide with aerospace and automotive products, chemicals, fibers, plastics and advanced materials Advanced Materials is a leading peer-reviewed materials science journal published every two weeks. Advanced Materials includes Communications, Reviews, and Feature Articles from the cutting edge of materials science, including topics in chemistry, physics, . It is the largest supplier of equipment and systems for commercial transport, regional, business, general aviation and military aircraft. Founded in 1802, DuPont is a global research and technology-based life-sciences, materials and energy company. Committed to better things for better living, DuPont serves worldwide markets including food and nutrition Food and Nutrition See also cheese; dining; milk. accubation Rare. the act or habit of reclining at meals. alimentology Medicine. thescience of nutrition. allotriophagy Pathology. ; health care; agriculture; fashion and apparel; home and construction; electronics; transportation; and energy. The company operates in about 70 countries and has 98,000 employees. Revenues in 1997 were more than $45 billion.
CONTACT: AlliedSignal Aerospace Equipment Systems
Michael Timmermann, 310/512-4500
http://www.alliedsignal.com/aerospace
or
DuPont
Heide Rowan, 302/774-0821
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