Breeze-Eastern to Provide Cargo Winches and Cranes for the Airbus A400M.UNION, N.J. -- Breeze-Eastern, a division of TransTechnology Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :TTLG TTLG Through the Looking Glass (book by Lewis Carroll - Alice in Wonderland) TTLG Through the Looking Glass (Looking Glass Studios fansite) ), announced today that it has received a contract from Airbus Deutschland GmbH to develop and manufacture a minimum of 192 ship sets of cargo winches and 134 ship sets of cranes for the state-of-the-art Airbus A400M This article contains information about a scheduled or anticipated . It may contain preliminary or speculative information, and may not reflect the final version of the aircraft. Military Transport Aircraft. Airbus Military Airbus Military SL (Sociedad Limitada) is a subsidiary of EADS created for the management of the A400M project, taking over from Euroflag. The company was established in January 1999 as the Airbus Military Company SAS. has orders for 192 A400M aircraft from nine governments, including France and Germany, with deliveries scheduled to begin in calendar 2009. Current projections are for sales of Breeze-Eastern's cargo winches and cranes for the A400M to exceed $40 million through 2020. "We are very pleased to have been selected by Airbus to provide the cargo winch winch, mechanical device for hauling or lifting consisting essentially of a movable drum around which a cable is wound so that rotation of the drum produces a drawing force at the end of the cable. and crane for the A400M," said Robert L.G. White, President and Chief Executive Officer of TransTechnology. "This order from Airbus solidifies Breeze-Eastern's position as a leading winch and crane supplier for the military transport aircraft market." TransTechnology Corporation (http://www.transtechnology.com) operating as Breeze-Eastern (http://www.breeze-eastern.com) is the world's leading designer and manufacturer of sophisticated lifting devices for military and civilian aircraft, including rescue hoists, cargo hooks, and weapons-lifting systems. The company, which employs approximately 180 people at its facility in Union, New Jersey, reported sales of $62.9 million in the fiscal year ended March 31, 2005. INFORMATION ABOUT FORWARD-LOOKING STATEMENTS Certain statements in this press release constitute "forward-looking statements" within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended (the "Acts"). Any statements contained herein that are not statements of historical fact are deemed to be forward-looking statements. The forward-looking statements in this press release are based on current beliefs, estimates and assumptions concerning the operations, future results, and prospects of the Company. As actual operations and results may materially differ from those assumed in forward-looking statements, there is no assurance that forward-looking statements will prove to be accurate. Forward-looking statements are subject to the safe harbors created in the Acts. Any number of factors could affect future operations and results, including, without limitation competition from other companies; changes in applicable laws, rules and regulations affecting the Company in the locations in which it conducts its business; the availability of equity and/or debt financing Debt Financing When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay in the amounts and on the terms necessary to support the Company's future business; interest rate trends; the Company's ability to provide a trading venue for its shares; determination by the Company to dispose of To determine the fate of; to exercise the power of control over; to fix the condition, application, employment, etc. of; to direct or assign for a use. See also: Dispose or acquire additional assets; general industry and economic conditions; events impacting the U.S. and world financial markets and economies; and those specific risks that are discussed in the Company's previously filed Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended March 31, 2005 and the Form 10-Q Form 10-Q See 10-Q. for the third quarter ended December 25, 2005. The Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information or future events. |
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