NORTH CANTON, Ohio,
Oct. 21, 2020 /PRNewswire/
-- The Timken Company (NYSE: TKR; www.timken.com), is building
on its decades-long relationship with the United States Navy. The
Navy recently announced that Fincantieri Marinette Marine (FMM)
will build its new Constellation (FFG-62) Class of
guided-missile frigates and FMM has chosen Timken's Philadelphia
Gear business to supply the main reduction gears.
Philadelphia Gear will design the critical elements of the
ship's propulsion system at its technical center in King of Prussia, Pa., and manufacture and
assemble them at its marine center of excellence in Santa Fe Springs, Calif. FMM's contract with
the Navy includes options for up to 10 frigates. These
options, if exercised, could bring the cumulative value of Timken's
contract to more than $140 million over its life.
"We've worked on many U.S. Navy ships over the years and are
proud to continue that relationship supplying essential elements
for this next generation ship," said Carl Rapp, Timken group
vice president. "We congratulate Fincantieri Marinette Marine on
winning this new class of warship and thank them for entrusting us
with this critical role."
The nearly 500-foot-long ships will have multi-mission
capabilities, across the air, anti-submarine, surface, and
electronic warfare spectrum of operations.
Timken acquired Philadelphia Gear, a recognized leader in
high-performance gear drives, components and related services, in
2011. With over 128 years of power transmission design experience,
Philadelphia Gear offers world-class expertise in the service and
manufacture 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 $3.8 billion in sales in 2019
and employs more than 17,000 people globally, operating from 42
countries.
Media Relations:
Scott
Schroeder
234.262.6420
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SOURCE The Timken Company