COLTEC INDUSTRIES TO ACQUIRE ALLIEDSIGNAL'S LANDING GEAR BUSINESS AND FORM STRATEGIC ALLIANCE.NEW YORK--(BUSINESS WIRE)--June 20, 1995--Coltec Industries (NYSE NYSE See: New York Stock Exchange :COT) has reached an agreement to acquire AlliedSignal Inc.'s (NYSE:ALD ALD abbr. adrenoleukodystrophy ALD, n.pr See adrenoleukodystrophy. ALD aldolase. ) aircraft landing gear business and form a long-term strategic alliance to develop integrated aircraft landing systems. Terms of the transaction were not disclosed. Closing will take place after customary conditions have been fulfilled. The acquisition will include the development and production of landing gears for the McDonnell Douglas McDonnell Douglas was a major American aerospace manufacturer and defense contractor, producing a number of famous commercial and military aircraft. It merged with Boeing in 1997 to form The Boeing Company. F/A-18 E/F E/F Educator/Facilitator fighter as well as production and product support of existing military programs including the F-14, F-15 and others. The transaction does not include AlliedSignal's wheels and brakes or brake controls business, which form the majority of its Aircraft Landing Systems unit in South Bend, Indiana This article is about the city in Indiana, US. For other uses of the name South Bend, see South Bend (disambiguation). South Bend is a city in St. Joseph County, Indiana, United States. . In addition, Menasco, a unit of Coltec Industries, and AlliedSignal will form a strategic alliance. In this alliance, Menasco will provide the landing gear structure and associated hydraulics and electrical installations while AlliedSignal will provide the brakes, wheels and control features of the total system. This transaction establishes Menasco as the leading manufacturer of landing gears for U.S. military aircraft. The Menasco Group of Companies, with facilities in Toronto, Ontario, and Fort Worth, Texas Fort Worth is the fifth-largest city in the state of Texas, 18th-largest city in the United States[1], and voted one of "America’s Most Livable Communities. , is a leading provider of landing gear systems and flight controls as well as overhaul services to the global aerospace and airline industries. AlliedSignal Aircraft Landing Systems is a leading producer of commercial and military aircraft landing systems, including Bendix wheels and brakes and brake controls. It is also a global leader in wheel and brake repair and overhaul. Aircraft landing Systems is part of Allied Signal Aerospace, a Torrance, California-based unit of AlliedSignal Inc. that had $4.6 billion in revenue in 1994. Coltec Industries is a New York-based manufacturing company serving aerospace, automotive and other industrial markets. AlliedSignal Inc. 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, . CONTACT: Michael Dunn COLTEC INDUSTRIES (212) 940-0523 or Dennis Signorovitch ALLIEDSIGNAL AEROSPACE (310) 512-4049 |
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