North Canton, Ohio, November 1, 2022 /PRNewswire/ — The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, today announced the sale of its Aerospace Drive Systems (ADS) business to PCX Aerostructures. announced that it has completed , LLC. Terms were not disclosed.
ADS is a supplier of drive system components and subassemblies for military and civil rotorcraft. ADS earnings are about $50 million 2022.
About The Timken Company
The Timken Company (NYSE: TKR; www.timken.com) expands its portfolio of engineered bearings and industrial motion products. With more than a century of knowledge and innovation, we continuously improve the reliability and efficiency of machines and equipment around the world to keep the world moving forward. Timken expects that in 2021 he will have sales of $4.1 billion and in 43 countries he employs more than 18,000 people worldwide. Timken is named America’s Most Responsible Companies by Newsweek, The World’s Most Ethical Companies by Ethisphere®, and America’s Best Employer, Best Employer for New Graduates, and Best Employer for Women by Forbes. Recognized as an excellent employer.
Source: The Timken Company