Timken's Philadelphia Gear to Provide Main Reduction Gears for U.S. Navy Frigate USS Congress

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The Timken Company (NYSE: TKR) has been awarded a contract option by Fincantieri Marinette Marine to deliver main reduction gears (MRGs) for the future USS Congress (FFG-63), part of the Constellation-class frigates. This contract has the potential to generate over $150 million in revenue if the Navy opts to order all 10 ships in the class. Timken’s Philadelphia Gear, with nearly 130 years of experience, will design and manufacture these key components, ensuring efficient ship propulsion.

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• Potential revenue exceeding $150 million if all 10 ships are ordered.
• Timken leverages nearly 130 years of experience in power transmission.

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• None.

NORTH CANTON, Ohio, June 20, 2022 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), continues to be a key contributor to the next generation of United States Navy ships. Fincantieri Marinette Marine (FMM) recently awarded Philadelphia Gear a contract option to deliver the main reduction gears (MRGs) for the future USS Congress (FFG-63), the second frigate in the Constellation (FFG-62) class of ships.

Philadelphia Gear is designing the key components of the ship's propulsion system at its technical center in King of Prussia, Pa., and will perform manufacturing and assembly at its marine center of excellence in Santa Fe Springs, Calif. FMM's contract with the Navy includes options to build up to 10 FFG-62 class frigates. If the Navy opts to order all those ships, Timken could realize revenue of more than $150 million over the life of the contract.

"Philadelphia Gear has served as a trusted partner on Navy projects for almost a century," said Carl Rapp, Timken group vice president. "We're drawing on our deep industry knowledge to develop a completely new MRG configuration for the FFG-62 class."

Timken's MRG solution will work within FMM's first-of-its-kind propulsion and drivetrain system. MRGs are large components that transfer energy from a ship's main power source to its propeller shafts, enabling the vessel to move at various speeds under changing conditions. Philadelphia Gear designs and builds MRGs for a variety of active Navy ship classes and supplied the MRGs for the previous frigate (FFG-7) class.

The future USS Congress (FFG-63) will be the Navy's seventh vessel to bear that name. The first USS Congress was one of the Navy's original six frigates built in the late 1700s. The latest generation of ships will be 496 feet long with full-load displacement of 7,291 long tons. They will be able to reach 26 knots (30 mph) at full speed. The first of these new frigates, the USS Constellation (FFG-62), is scheduled to enter service in 2026.

Timken acquired Philadelphia Gear, a recognized leader in high-performance gear drives, components, and related services, in 2011. With nearly 130 years of power transmission design experience, Philadelphia Gear offers world-class expertise in the service and manufacturing of power transmission equipment.

About The Timken Company

The Timken Company (NYSE: TKR; www.timken.com) designs a growing portfolio of engineered bearings and power transmission products. With more than a century of knowledge and innovation, we continuously improve the reliability and efficiency of global machinery and equipment to move the world forward. Timken posted $4.1 billion in sales in 2021 and employs more than 18,000 people globally, operating from 42 countries. Timken has been recognized among America's Most Responsible Companies by Newsweek, the World's Most Ethical Companies® by Ethisphere, and America's Best Employers, Best Employers for New Graduates and Best Employers for Women by Forbes.

Media Relations:
Scott Schroeder
234.262.6420
scott.schroeder@timken.com

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SOURCE The Timken Company