Eaton Corporation (NYSE:ETN) has announced that the US Air Force has awarded it with a power reliability contract. Pursuant to the terms of the contract, Eaton will provide power reliability products and complete turnkey services such as engineering, project management, system integration, installation, training and onsite maintenance services for the US Air Force’s Air Logistics Center at the Hill Air Force Base in Utah. The project has the potential to be worth as much as $568.7 million. The total amount will be divided among two suppliers over the life of the five year contract. There is one single two year option period in the contract.
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Eaton Corporation (Eaton) is a diversified power management company. The Company is engaged in the manufacturing of electrical components and systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulic and pneumatic systems for commercial and military use, and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety. In July 2009, the Company announced that Eaton's Automotive and Truck Groups are being consolidated into one operating unit. On September 1, 2009, the Company acquired an additional 50% of the outstanding shares of Micro Innovation Holding AG. On July 2, 2009, the Company acquired SEG Middle East Power Solutions & Switchboard Manufacture LLC.
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