logo
  Join        Login             Stock Quote

Eaton (ETN) in Spare Distribution Deal with Derco Aerospace

 November 27, 2012 02:37 PM
 


(By Balachander) Derco Aerospace Inc. has signed a three-year agreement to exclusively distribute spares manufactured by Eaton Corp. (NYSE: ETN) to select international markets.

Financial terms of the agreement were not disclosed.

Derco is a Sikorsky Aerospace Services (SAS) company, which is the aftermarket business of Sikorsky Aircraft Corp., a subsidiary of United Technologies Corp. (NYSE: UTX). Derco provides aircraft spares distribution, logistics and technical services.

All Eaton product lines, including hydraulic system pumps, Teflon hose assemblies, quick-disconnect self-sealing couplings and power-management relays and illuminated switches, will be available from Derco.

[Related -United Technologies Corporation (NYSE:UTX): How Pension Shift Will Drive EPS?]

In addition, Derco and Eaton will continue to jointly offer repair and overhaul services for Eaton products. 

"Extending Eaton's relationship with Derco through this venture will bring enhanced support to the international C-130 and F-16 communities," said Einar Johnson, Vice President of Sales for Eaton's Aerospace Group.

Eaton shares rose 0.55 percent to trade at $51.45 on Tuesday.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageAmerican Apparel Inc. (APP) and International Stem Cell Corp (ISCO): Trading Under $1 with Seven Figure I

Admittedly, it was difficult to pick one of the 30 that stood out compared to the other 29. So, instead of read on...

article imageCanadian Solar Inc. (CSIQ): Going to $40 Says FBR capital

On an otherwise red day, Canadian Solar Inc. (NASDAQ:CSIQ) is bobbing higher, up nearly 1% as we type. The read on...

article imageGoogle Inc. (GOOGL): 3T Analysis – Buy The Dip on the Way to the 52-Week High

With new market highs, hot IPOs such as GoPro Inc. ripping it up, and Apple Inc. back on top, Google Inc. read on...

article imageFamily Dollar Stores, Inc. (FDO) Q3 Earnings Preview: Too Many Things Pointing the Wrong Way

Family Dollar Stores, Inc. (NYSE:FDO) will release its financial results for the third quarter of fiscal read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.