Eaton Aerospace pledged yesterday to double in size over the next five years, after two key acquisitions increased incremental revenue from $850 million to $1.2 billion.
By expanding its portfolio into fluid, fuel and air systems and static seals, the acquisitions of HiTEMP and Stanley Aviation from Cobham Fluid and Air, and the PerkinElmer fluid sciences group, has grown the aerospace business base by 40% since completion in January.Now the company plans to build on the wider Eaton industrial network, which includes 33 manufacturing outlets in 11 Asian countries, to strengthen the new assets, make more acquisitions and accelerate growth, especially in the Asian market.
Eaton Aerospace’s Einar Johnson said: “We are looking at more acquisitions. We continue to grow and our target is to double the aerospace business in the next five years.
“The world’s commercial and military aerospace business will continue to grow and Eaton is fully committed to participating in that. If there are countries that want us to work with the local supply base, that is something we are anxious to do.”
Source: Flight Daily News
