SKF Signs Long-Term Agreement with Pratt & Whitney Business Wire GOTHENBURG, Sweden -- March 4, 2013 SKF (STO:SKFA)(STO:SKFB)(Pink Sheets:SKFRY)(LSE:SKFB) today announced they have signed a long-term agreement with Pratt & Whitney, a unit of United Technologies Corp. (NYSE: UTX), for approximately SEK 170 million. Within the agreement, SKF will provide main shaft bearings for Pratt & Whitney’s PurePower® PW1100G-JM engine. This agreement and associated work builds upon SKF’s successful support of other Pratt & Whitney engine programs. Stephane Le-Mounier, Director, SKF Aerospace says, “We are extremely pleased to have been selected for this major engine program and that Pratt & Whitney has confidence in SKF’s technical and manufacturing capabilities. We have created a special commercial, manufacturing, and application engineering team to address Pratt & Whitney’s requirements, which includes a complete rethinking of the way we will manufacture these aero engine bearings.” SKF will manufacture the main shaft bearings at their aerospace factory in Falconer, New York. Gothenburg, 4, March 2013 Aktiebolaget SKF (publ) SKF is a leading global supplier of bearings(http://www.skf.com/portal/skf/home/products?contentId=876709&lang=en), seals(http://www.skf.com/portal/skf/home/products?contentId=238358&lang=en), mechatronics(http://www.skf.com/portal/skf/home/products?contentId=447144&lang=en), lubrication systems(http://www.skf.com/portal/skf_lub?lang=en), and services(http://www.skf.com/portal/skf_lub/home/services?contentId=867934&lang=en) which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around15,000 distributor locations worldwide. Annual sales in 2012 were SEK 64,575 million and the number of employees was 46,775. www.skf.com ® SKF is a registered trademark of the SKF Group. ™ BeyondZero is a trademark of the SKF Group. This information was brought to you by Cision http://news.cision.com Contact: SKF MEDIA HOTLINE: 46 31337 2400 or PRESS: Rebecca Janzon, Director, Press Relations tel: 46 31337 3880, mobile: 46 727-173880 e-mail: email@example.com or INVESTOR RELATIONS: Marita Björk, Head of Investor Relations tel: 46 31-337 1994 mobile: 46 705-181994 e-mail: firstname.lastname@example.org
SKF Signs Long-Term Agreement with Pratt & Whitney
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