Timken to Continue to Provide Main Reduction Gears for U.S. Navy Arleigh Burke DDG-51 Class Ships
The Timken Company (NYSE: TKR) has secured a long-term contract with General Dynamics Bath Iron Works to supply Philadelphia Gear® main reduction gears (MRGs) for future Flight III ships of the Arleigh Burke (DDG-51) class. This contract, if fully executed, could generate over $500 million in revenue over approximately five to eight years, with production commencing in 2024. Timken has a long-standing relationship with the U.S. Navy, having supplied MRGs for the Arleigh Burke class since 2010, enhancing its technology to meet the Navy's evolving requirements.
- Secured a long-term contract valued over $500 million with General Dynamics for MRGs.
- Continued partnership with the U.S. Navy enhances credibility and potential for future contracts.
- None.
NORTH CANTON, Ohio, Feb. 21, 2023 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), continues to be a key contributor to the latest generation of United States Navy ships. General Dynamics Bath Iron Works (BIW) recently awarded Timken a long-term contract to deliver Philadelphia Gear® main reduction gears (MRGs) for all future Flight III ships of the Arleigh Burke (DDG-51) class. The contract, if executed fully, will result in revenue of more than
"Philadelphia Gear has served as a trusted partner for the U.S. Navy for almost a century," said Carl Rapp, Timken group vice president. "We're drawing on our deep experience, and the skillsets of many talented and committed people, to build these main reduction gears. We are honored to continue production for the DDG-51 class and appreciate the trust placed in our team by Bath Iron Works and the Navy."
Timken's Philadelphia Gear has continually adapted and evolved its technology over the years in response to the increased speed, maneuverability and other capabilities demanded by new generations of Navy ships. The company won its initial contract to supply MRGs for the Arleigh Burke class in 2010.
MRGs are large drive systems that transfer torque from a ship's gas turbines to its propeller shafts, enabling the vessel to move at various speeds under changing conditions. Philadelphia Gear designs and builds these for a variety of active Navy ship classes, ranging in size from frigates to aircraft carriers.
About The Timken Company
The Timken Company (NYSE: TKR; www.timken.com) designs a growing portfolio of engineered bearings and industrial motion 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
Media Relations:
Scott Schroeder
234.262.6420
scott.schroeder@timken.com
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SOURCE The Timken Company
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