Explosion at Esterline's Wallop Facility in UK Results in a Fatality; Several Minor Injuries.BELLEVUE, Wash. -- Esterline Technologies Corporation (NYSE NYSE See: New York Stock Exchange :ESL (1) An earlier family of client/server development tools for Windows and OS/2 from Ardent Software (formerly VMARK). It was originally developed by Easel Corporation, which was acquired by VMARK. ) (www.esterline.com) said today that an explosion occurred yesterday at its recently acquired Wallop Defence Systems subsidiary located in Middle Wallop Middle Wallop is the local name given to an area between the two Parishes of Over Wallop and Nether Wallop. Hampshire, England. As it does not have its own parish technically it does not exist, however road signs and maps make reference to the location and have done so since the , Hampshire, UK, resulting in one fatality and several minor injuries. The incident destroyed an oven complex used in the production of military countermeasure flares. The complex was not connected to the main production facility. An investigation is underway by Britain's Health and Safety Executive (HSE HSE House HSE Health and Safety Executive HSE Helsinki School of Economics HSE Hamilton Southeastern (High School) HSE Health, Safety & Environment HSE Higher School of Economics (Moscow, Russia) ). The plant will be shut down until HSE concludes its inquiry; currently there is no timeline for this process. A determination of cause will be made upon the completion of the investigation. Wallop is a leading manufacturer of military pyrotechnic products in Europe. Esterline acquired the company in March of this year. About Esterline: Esterline (NYSE:ESL) is a specialized manufacturing company serving principally aerospace/defense and medical markets. Esterline operates in three business segments related to its set of core competencies: 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, , Avionics & Controls, and Sensors & Systems. Operations within the Advanced Materials segment focus on technologies including high-temperature resistant materials used for a wide range of military and commercial aerospace purposes and combustible com·bus·ti·ble adj. Capable of igniting and burning. n. A substance that ignites and burns readily. ordnance and electronic warfare Noun 1. electronic warfare - military action involving the use of electromagnetic energy to determine or exploit or reduce or prevent hostile use of the electromagnetic spectrum EW military action, action - a military engagement; "he saw action in Korea" countermeasure products. The Avionics & Controls segment focuses on technology interface systems for commercial and military aircraft and similar devices for land- and sea-based military vehicles Military vehicles include all land combat and transportation vehicles, excluding rail-based, which are designed for or are in significant use by military forces. See also list of armoured fighting vehicles. , 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, 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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