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OEM News 01/06/2009

Jan. 6, 2009
January 6, 2009   Articles Eaton Sells VORAD System To Bendix Commercial Vehicle Systems ...
January 6, 2009
Eaton Sells VORAD System To Bendix Commercial Vehicle Systems
Diversified industrial manufacturer Eaton Corporation said it sold its Vehicle On-Board Radar (VORAD) system to Bendix Commercial Vehicle Systems LLC, which is based in Elyria, Ohio. Terms of the transaction were not disclosed. Read More

General Dynamics Completes Acquisition Of AxleTech International
General Dynamics said it completed its acquisition of AxleTech International from The Carlyle Group, a Washington, D.C.-based private equity firm, in late December. The companies announced plans for the acquisition in November 2008. Terms of the transaction have not been disclosed. Read More

BorgWarner Does Not Endorse Unsolicited Mini-Tender Offer
BorgWarner Inc. said it was notified of an unsolicited mini-tender offer by TRC Capital Corporation of Toronto, Canada, to purchase up to 2.5 million shares of BorgWarner's common stock, which represents approximately 2.16 percent of BorgWarner's outstanding shares. TRC's offer price of $20.00 per share represents a 4.21 percent discount to the closing price of BorgWarner's stock on December 18, 2008 ($20.88), the day prior to the date of the offer. Read More

Goodrich And Rolls-Royce Complete Engine Controls Joint Venture
Goodrich Corporation and Rolls-Royce Group plc said today they have completed the formation of a joint venture company to develop and supply engine controls for Rolls-Royce aero engines. The transaction closed on December 31, 2008. Read More

Lockheed Martin Tto Provide Mission Systems For The HC-130J Aircraft
Lockheed Martin and the U.S. Coast Guard exercised contract options valued at $13.25 million to install mission systems aboard two additional HC-130J aircraft. Once delivered, these aircraft will complete the Coast Guard's planned inventory of six HC-130Js that will be ready to fly missions. Read More

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