North Canton, Ohio, November 1 January 2022 /PRNewswire/ — The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, announced today that it has sold its Aerospace Drive Systems (ADS) business. To PCX Aerostructures, LLC. Terms were not disclosed.
ADS is a supplier of drive system components and subassemblies for military and civilian rotorcraft applications. ADS revenue is expected to be in $50 million 2022.
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 continue to improve the reliability and efficiency of machinery and equipment around the world and move the world forward. With 2021 sales of $4.1 billion, The Timken Company employs more than 18,000 people worldwide and operates in 43 countries. The Timken Company has been named America’s Most Responsible Company by Newsweek, the World’s Most Ethical Company® by Ethisphere, and has been named America’s Best Employers, Best Employers for Recent Graduates, and Forbes Best Employers for Women.
Source The Timken Company