Home

Eaton gets FAA equipment contract worth over $40M

By Associated Press
June 12, 2008 | Comments (0)

Recs

0

Diversified industrial manufacturer Eaton Corp. said Thursday it received an equipment contract from the Federal Aviation Administration for up to 10 years, valued at more than $40 million.

The contract, one of three FAA deals currently held by Eaton, has a base period of two years and four additional two-year options.

The agreement calls for Eaton to provide power supply equipment that will be deployed in mission-critical FAA installations throughout the U.S. Guam and Puerto Rico.

A separate Eaton support contract, which provides services and spare parts to about 1,000 FAA sites, was also renewed for five more years.

Shares rose $1.34 to $93.75 in morning trading.

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

DocumentId: 663386, ~/articles/articlehandler.aspx, 12/1/2008 10:35:04 PM,

Sign up for FREE Motley Fool site access to keep reading:

“Eaton gets FAA equipment contract worth over $40M”

Signing up allows you to comment on articles and on the discussion boards.

It's completely FREE and will take only 10 seconds.

Privacy / Legal Information

We will use your email address only to keep you informed about updates to our web site and about other products and services that we think might interest you. The Motley Fool respects your privacy. Please read our Privacy Statement

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.