UPDATE 1-GE, Eaton among suppliers for China jet

NEW YORK, July 12 (BestGrowthStock) – Diversified U.S. manufacturer
Eaton Corp (ETN.N: ) has formed a joint venture in China to
develop airplane fuel and hydraulic systems, one of several
U.S. aerospace companies tapped to supply components for what
is expected to be China’s first large commercial aircraft.

The venture will be majority owned by Shanghai Aircraft
Manufacturing Co, Ltd, a subsidiary of the state-owned
Commercial Aircraft Corporation of China (COMAC), with Eaton
owning 49 percent.

The Shanghai-based partners will supply the COMAC C919
single-aisle aircraft, Eaton said. Based on expected production
of 2,500 jets, the program is expected to be worth $1.8
billion, Eaton said on Monday.

The choice of Eaton for one aspect of the C919 program is
part of a wider selection of U.S.-based aviation suppliers.

General Electric Co (GE.N: ) said on Monday that a joint
venture between the largest U.S. conglomerate and China’s AVIC
Systems was selected to provide computer systems for
controlling the aircraft, displaying information to pilots and
tracking its maintenance needs.

“China is the world’s fastest-growing aviation market and
we need to ensure GE and the United States are part of this
growth,” said John Rice, a GE vice chairman who oversees the
division of the Fairfield, Connecticut-based company that
produces aircraft engines and components.

Honeywell International Inc (HON.N: ) said it was named to
supply brakes and tires for the forthcoming airliner, which is
expected to go into service in 2016 with the ability to carry
150 people. Rockwell Collins Inc (COL.N: ) will provide
navigation and communication systems.

Unlike Eaton, those companies did not provide a value for
their contracts.
(Reporting by Nick Zieminski and Scott Malone. Editing by
Robert MacMillan)

UPDATE 1-GE, Eaton among suppliers for China jet