Modine Awarded Northrop Grumman Business for F-16.Business Editors RACINE, Wis.--(BUSINESS WIRE)--Sept. 25, 2001 Modine Manufacturing Company (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : MODI MODI Microsoft Office Document Imaging ), through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Thermacore International, Inc., has won a significant contract with Northrop Grumman to supply advanced cooling technology for use on the Block 60, F-16 fighter aircraft. Northrop Grumman Corporation (NYSE NYSE See: New York Stock Exchange : NOC), headquartered in Los Angeles, California, is a $15 billion, global aerospace and defense company. "This business is noteworthy for Modine because it reinforces our position as a technology leader in thermal management," said David B. Rayburn, executive vice president of operations. "Thermacore will use its extensive experience in aerospace and satellite applications to apply advanced thermal-management technology to high performance avionics." More specifically, this application will use a flexible-loop-heat pipe to cool the targeting laser in the IFTS IFTS Information Fair Trader Scheme (UK) IFTS Institut de Formation Technique Supérieur (France) IFTS I'll Follow the Sun (Beatles song) IFTS Integrated Federal Telecommunications System pod on the F-16 aircraft. The Northrop Grumman business represents the first significant volume production of this technology. Modine specializes in thermal management, bringing technology to diversified markets. Core markets include: powertrain cooling of internal combustion engines; vehicular and building HVAC (Heating Ventilation Air Conditioning) In the home or small office with a handful of computers, HVAC is more for human comfort than the machines. In large datacenters, a humidity-free room with a steady, cool temperature is essential for the trouble-free (heating, ventilating, air-conditioning); electronics cooling; as well as various industrial and refrigeration markets. Modine can be found on the Internet at www.modine.com. Forward-looking statements about sales and operations in this news release involve both risks and uncertainties, as detailed on page 19 of Modine's Annual Report for fiscal-2001. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion