| Smiths Aerospace Limited | |
|---|---|
 |
|
| Type | Subsidiary |
| Founded | 1963-01-03 |
| Headquarters | London, United Kingdom |
| Industry | Engineering |
| Revenue | GB£1,020 mil. (2006)[1] |
| Employees | 11,000[1] |
| Parent | GE-Aviation |
| Slogan | Bringing technology to life |
| Website | smiths-aerospace.com |
Smiths Aerospace is the largest European based aerospace equipment company with its businesses and sales revenues split between Europe and North America. Smiths Aerospace was formerly one of four business units of Smiths Group plc., an engineering company and constituent of the FTSE 100 share index. However, Smiths Group and General Electric announced on January 15, 2007 that Smiths Group was divesting Smiths Aerospace to General Electric for £GB2.4 billion (US$ 4.8 billion).[2] Smiths Aerospace, which is an important supplier, will become an operating subsidiary of GE-Aviation. This will reportedly give the combined unit the clout to resist pricing pressures from its two largest customers, Boeing Commercial Airplanes and EADS Airbus.[2] Analysts further assert that it will enable General Electric to acquire assets similar to those which it desired in its failed bid for Honeywell in 2000.[2] GE-Aviation closed the transaction on May 4, 2007.[3]
Products
- Its electronic and mechanical systems businesses include integrated modular avionics, flight management and stores management systems, recording and analyzing of voice, video and data. Crew information and mission planning. Other products include power generation and distribution, fuel gauging, management and aerial refueling systems and environmental conditioning. Systems essential to aircraft performance includes flight controls, thrust reversers, landing gear and hydraulic systems.
- The engine component capabilities include engine ring technology, supplying complex gas turbine engine components to every major engine program worldwide.
- The company also operates a global customer services organisation which provides support for 1,500 customers in 140 countries through a network of local centers.
The company is involved with Boeing's KC-767[4] and F/A-18E/F Super Hornet, Lockheed Martin's F-35 Lightning II, F-22 Raptor, and C-130J Hercules, and the Eurofighter Typhoon. Smiths engine components equip many major military and civil gas turbine engines, providing critical technologies from intake to exhaust.
History
Smiths Aerospace was formed from the take over of TI Group's aerospace activities, including firms such as Dowty Rotol.
References
- ^ a b "GE To Acquire Smiths Aerospace, Extending Aviation Offerings; Plans JV with Smiths Group To Build Global Detection Business." GE-Aviation press release. January 15, 2007.
- ^ a b c "Smiths To Sell Aerospace Ops To GE For $4.8B." McGrath, S.; Stone, R. The Wall Street Journal. January 15, 2007.
- ^ "GE Aviation Completes Acquisition of Smiths Aerospace." Smiths Aerospace press release. May 4, 2007.
- ^ "Boeing Unveils Air Force Tanker In $40 Billion Contract Competition." Borak, D. Associated Press. February 12, 2007.
