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Esterline Facts |
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Esterline is a specialized manufacturing company serving aerospace and defense markets:
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Headquarters: Bellevue, WA
Founded: 1967 |
Ticker: NYSE: ESL
Employees: More than 9,500 including
700 engineers
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Building Blocks |
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Business Fundamentals |
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Esterline’s breadth and depth of market and customer
coverage is a fundamental strength: |
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 No single program represents more
than 5% of Esterline’s total revenue.
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#1
or #2 market share in target niches. |
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Financially
stable, solid balance sheet, and strong
banking relationships. |
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Esterline is focused on being a leading specialty
niche
supplier to the aerospace and defense industry. |
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Business Mix |
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Esterline's markets generally breakdown as follows:
A) Defense/Space 40%
B) Commercial Aerospace 40%
C) Industrial Applications 20%
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Acquisition Strategy |
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Esterline is a leading consolidator of Tier 3 suppliers in aerospace/defense
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Over thirty companies and/or product lines. |
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After
first-year integration, all acquisitions have
been accretive to earnings. |
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Not an “acquisition
machine"; every deal must
make sense to customers and shareholders. |
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Acquisition Highlights |
| December 2008 |
NMC Aerospace ( Nylon Molding Corporation), a designer and manufacturer of specialized fasteners. |
| December 2008 |
Racal Acoustics, a world leader in ruggedized military communications equipment. |
| February 2007 |
CMC Electronics Inc. |
| March 2006 |
Wallop Defence Systems Ltd. |
| December 2005 |
FR Countermeasures, Inc. |
| December 2005 |
Darchem Holdings Limited, a global leader in the manufacture of thermally engineered components |
| June 2005 |
Palomar Products, Inc., a producer of secure military communications products. |
July 2004 |
Leach International, a producer of high-performance electromechanical relays, and solid-state switching devices. |
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Lean Manufacturing |
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All Esterline companies embrace lean manufacturing practices |
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Savings from lean activities fund competitiveness |
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Leverages
the brain power of our more than 9,500
employees |
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Enables
us to absorb acquisitions more readily |
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Gets people
involved at all levels of employment |
Seasoned Management
Esterline has eight officers who average seventeen years working together.
Officer |
Position |
Tenure |
Robert W. Cremin |
Chairman & CEO |
32 Years |
| Brad Lawrence |
President and COO |
6 Years |
Robert D. George |
Vice President, CFO, Secretary, & Treasurer |
11 Years |
Marcia J.M. Greenberg |
Vice President of Human Resources |
15 Years |
| Frank Houston |
Group Vice President |
24 Years |
Larry A. Kring |
Group Vice President |
30 Years |
Stephen R. Larson |
Vice President of Strategy & Technology |
30 Years |
| Gary Posner |
Corporate Controller and Chief Accounting Officer |
8 Years |
Solutions that Work
Esterline is trusted for high-quality products for aerospace and defense customers and is increasingly a “go-to supplier” for tough problems.
Operations and Companies
Avionics & Controls
Technology interface systems, including lighted switches and displays, and
pilot grips and wheels for commercial and military aircraft and military
vehicles.
Companies in this segment also manufacture technology products for secure
communications systems, specialized medical equipment, and other high-end
industrial applications.
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Avionics Systems
Montreal
Ottawa
Chicago
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Control Systems
California
Washington
Wisconsin |
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Interface Technologies
Idaho
Michigan
China
Germany
United Kingdom
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Sensors & Systems
High-precision temperature and pressure sensors, fluid and motion control components,
and
other related systems principally for aerospace and defense customers.
Sensors Systems
New York
Virginia
France
United Kingdom
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Motion Technologies
Illinois
United Kingdom
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Power Systems
California
China
France
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Advanced Materials
Process-related technologies, including high-performance elastomer products,
used for military and commercial aerospace purposes, and combustible ordnance
and electronic warfare countermeasure products.
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Engineered Materials
California
Massachusetts
United Kingdom |
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Defense Systems
Arkansas
California
North Carolina
Tennessee
United Kingdom
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Hytek Finishes
Washington |
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