Posted on: 12 July 2010
Eaton Corporation and Shanghai Aircraft Manufacturing Company (SAMC), a subsidiary of Commercial Aircraft Corporation of China (COMAC), have signed a joint venture agreement to support the COMAC C919 aircraft programme.
The planned JV will be based in Shanghai and will focus on the design, development, manufacturing and support of fuel and hydraulic conveyance systems. Total programme value for C919 conveyance systems, including aftermarket opportunities, is estimated at $1.8 billion, based on an anticipated volume of 2,500 aircraft.
This announcement follows a joint venture framework agreement signed by the two companies in December 2009. SAMC will own a 51% of the joint venture; with Eaton owning 49%.