AlliedSignal Launches Realigned Aerospace Business; Names Key Positions.MORRIS TOWNSHIP There are several places named Morris Township in the United States:
Realignment re·a·lign tr.v. re·a·ligned, re·a·lign·ing, re·a·ligns 1. To put back into proper order or alignment. 2. To make new groupings of or working arrangements between. Creates Stronger Market Focus And Enhanced Ability To Provide Complete Life-Cycle Support For Products And Services AlliedSignal Inc. (NYSE NYSE See: New York Stock Exchange : ALD ALD abbr. adrenoleukodystrophy ALD, n.pr See adrenoleukodystrophy. ALD aldolase. ) announced today that it has realigned its Aerospace business to strengthen its market and customer focus, making it easier for customers to benefit from a wide variety of integrated products and systems. The newly aligned U.S. $7.5 billion Aerospace business will be headquartered in Phoenix, Arizona Phoenix /ˈfiːˌnɪks/ (English: Phoenix, Navajo: Hoozdo, lit. "the place is hot", Western Apache: Fiinigis) is the capital and the most populous city of the U.S. . "We've taken a successful aerospace organization, recognized as an industry leader, and made it even better," said Lawrence A. Bossidy, AlliedSignal Chairman and Chief Executive Officer. "The new structure gives us a solid foundation upon which to continue to broaden the range of products and services we offer, for the ultimate benefit of our customers." The new organization will drive increased efficiencies through better use of resources, elimination of redundant costs and optimized supply chain management, resulting in substantial cost savings starting next year, and a positive cash flow contribution in 1999. The company has tapped several of its current executives to lead the new organization. Robert D. Johnson, a 30-year aerospace industry veteran who joined AlliedSignal in 1994, will serve as President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AlliedSignal Aerospace. Reporting to Johnson are Steven R. Loranger, who will serve as President of Engines & Systems, which includes AlliedSignal's engines, components and accessories businesses; Francis W. Daly, who will serve as President of Avionics & Lighting, which includes AlliedSignal's avionics, defense and space and aircraft lighting businesses; and James D. Taiclet Jr., who will serve as President of Aerospace Services, which includes AlliedSignal's aftermarket, logistics, technical services and consulting. The new organization also features an integrated sales and marketing account team structure that is aligned by market to provide integrated product and systems solutions to customers. Account teams will be aligned around three aerospace industry segments. They are air transport and regional, to be headed by Lynn Brubaker; business and general aviation, to be headed by Robert L. Ruck ruck 1 n. 1. a. A multitude; a throng. b. The undistinguished crowd or ordinary run of persons or things. 2. People who are followers, not leaders. 3. Sports a. ; and defense and space, to be headed by Thomas M. Culligan. "This enhanced market focus will better enable AlliedSignal to coordinate its sales and service activities to provide comprehensive life-cycle support for its products, including a wide range of aftermarket services," Bossidy said. "Our new organization will be totally dedicated to providing better service to our customers. Under the overall leadership of AlliedSignal President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. Frederic M. Poses, Bob Johnson Bob Johnson may refer to:
Johnson most recently served as president of AlliedSignal Aerospace Marketing, Sales & Service, with responsibility for worldwide sales and aftermarket services. Prior to that, he was president of AlliedSignal Electronic & Avionics Systems and vice president/general manager of Aerospace Services. Johnson began his career with GE Aircraft Engines and has held key business, finance and services management positions in the aerospace industry. Loranger joined AlliedSignal in 1981. He has held a variety of leadership positions in the company's aerospace organization, most recently as president of AlliedSignal Engines and earlier with the Auxiliary Power business. Daly joined AlliedSignal in 1993 when the company acquired a unit of Sundstrand Corporation. He was with Sundstrand for 12 years. At AlliedSignal, Daly has held a variety of leadership positions, including vice president of Avionics Systems and vice president of Flight Safety Avionics. Taiclet joined AlliedSignal in March from Pratt & Whitney, where he was vice president of Engine Services with responsibility for its commercial and military aftermarket business. He was with Pratt & Whitney for three years and also served as vice president, Military Service Programs. Prior to that, he was a senior engagement manager for McKinsey and Company, where he led strategy consulting projects for Fortune 200 clients in the aerospace, telecommunications and electronics industries. AlliedSignal Aerospace, a U.S. $7.5-billion unit of AlliedSignal Inc., is the largest supplier of aircraft engines, equipment, systems and services for commercial transport, regional, general aviation and military aircraft. Headquartered in Phoenix, Arizona, AlliedSignal Aerospace manufactures auxiliary power units; turbofan, turboprop turboprop: see turbine. turboprop Hybrid engine that provides jet thrust and also drives a propeller. It is similar to the turbojet except that an added turbine, behind the combustion chamber, works through a shaft and speed-reducing gears to turn a and turboshaft tur·bo·shaft n. A gas turbine engine that powers a rotating cylindrical shaft, as to a pump or a helicopter rotor. propulsion engines; marine propulsion and ground power systems; engine systems and accessories; commercial avionics, including enhanced ground proximity warning systems (EGPWS EGPWS Enhanced Ground-Proximity Warning System ); flight control systems; environmental control systems; aircraft landing systems; power management and generation systems; and interior and exterior aircraft lighting. In addition, AlliedSignal Aerospace provides repair and overhaul services; aerospace consumable spare parts, hardware and logistics support; and management and technical services for space and communications facilities. The parent company, AlliedSignal Inc., is a U.S. $15-billion advanced technology and manufacturing company serving customers worldwide with aerospace and automotive products, chemicals, fibers, plastics and advanced materials. The company employs 70,400 people worldwide. AlliedSignal is a component of the Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. and Standard and Poor's Noun 1. Standard and Poor's - a broadly based stock market index Standard and Poor's Index 500 Index, and was named by Fortune magazine as the most admired aerospace company, both in the U.S. and globally. Fortune also included AlliedSignal in its list of the "100 Best Places To Work In America." Forbes Global listed AlliedSignal in 1999 as the world's best diversified company diversified company A company engaged in varied business operations not directly related to one another. A diversified company is less likely to suffer either a collapse or a spectacular gain in earnings compared with a firm concentrating its operations in a . More information on AlliedSignal is available on the World Wide Web at http://www.alliedsignal.com. This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts. |
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