CANTON, Ohio, Dec 14, 2005 /PRNewswire-FirstCall via COMTEX News Network/ -- Rolls-Royce Corporation and The Timken Company (NYSE: TKR) today announced an alliance to increase Timken's technology and service capabilities for Model 250 helicopter turboshaft engine parts and component repair. Timken's aerospace business will provide an expanded variety of parts and services under license from Rolls-Royce Corporation for new engine production and for the aftermarket.
"Our Model 250 engine customers and the Model 250 FIRST network of authorized service centers will benefit from improved service and availability as we begin to utilize Timken Aerospace's experience and expanded capacity," said Scott Crislip, president of Helicopters and Small Gas Turbine Engines for Rolls-Royce.
"We are looking forward to a long-term relationship with Rolls-Royce Corporation in several areas where we believe we can enhance product value or performance through our innovative friction management technologies," said J. Ron Menning, Timken's vice president of Aerospace, Consumer and Super Precision. "Over the last few years we have been expanding our capabilities to produce power transmission parts for small turboshaft engines and look forward to applying these resources to one of the most successful turbine engines ever. Rolls-Royce's original equipment manufacturing experience will help Timken to grow its Aerospace business."
"The Rolls-Royce Model 250 remains the engine of choice for light helicopters and continues to attract new customers and new applications," said Crislip, "and to support the growth, we are developing breakthrough relationships with world-class companies like Timken."
While Timken has provided aerospace bearings to Rolls-Royce Corporation for more than 30 years, this agreement expands the supply range into other engine parts. As part of a settlement of a commercial dispute, Timken Aerospace will become an Authorized Repair Facility and will produce certain Model 250 engine parts under license from Rolls-Royce Corporation.
About Rolls-Royce Corporation
Rolls-Royce operates in four global markets -- civil aerospace, defense aerospace, marine and energy. The company now has a total of 54,000 gas turbines in service worldwide.
Rolls-Royce has a broad customer base comprising more than 500 airlines, 4,000 corporate and utility aircraft and helicopter operators, 160 armed forces and more than 2,000 marine customers, including 50 navies. The company has energy customers in nearly 120 countries. Rolls-Royce employs around 35,000 people, including 8,000 in North America.
About The Timken Company
The Timken Company, (NYSE: TKR, www.timken.com) keeps the world turning, with innovative ways to make customers' products run smoother, faster and more efficiently. Timken's highly engineered bearings, alloy steels and related products and services turn up everywhere. With operations in 27 countries, sales of $4.5 billion in 2004 and 26,000 employees, Timken is Where You Turn™ for better performance.
Rolls-Royce Corporation, Media Contact: George McLaren, Manager - Corporate Communications, Telephone: (317) 230-8260, Mobile: (317) 366-9624,george.h.mclaren@rolls-royce.com
The Timken Company, Media Contact: Dwight Keeney, Manager - Corporate Communications, Telephone: (860) 626-2622, Facsimile: (330) 496-3624,dwight.keeney@timken.com, or Investor Contact: Steve Tschiegg, Manager - Investor Relations, Telephone: (330) 471-7446, Facsimile: (330) 471-2797,steve.tschiegg@timken.com
SOURCE The Timken Company
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