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CLEVELAND - Eaton (NYSE: ETN), a prominent player in the electrical equipment industry with a market capitalization of $144.9 billion, has been selected by Bell Textron Inc. to design, develop and certify the aerial refueling retractable probe for the U.S. Army’s MV-75 Future Long Range Assault Aircraft (FLRAA), according to a company press release.
Under the initial contract, Eaton will complete certification activities and deliver qualification units, test equipment and initial production prototype hardware. The telescopic aerial refueling probe will be developed and produced across multiple Eaton facilities in the US and UK.
"Aerial refueling has been a cornerstone of Eaton’s aerospace capabilities for decades," said John Sapp, president of Eaton’s Aerospace Group. "Our proven systems, trusted by military partners worldwide, reflect a deep heritage of innovation, reliability and mission readiness." According to InvestingPro analysis, Eaton’s strong financial health score and robust cash flows demonstrate its continued operational excellence across divisions.
The component is part of the MV-75 FLRAA’s aerial refueling capability, enabling extended range and operational flexibility for the multi-mission platform.
Ryan Ehinger, senior vice president and MV-75 FLRAA program director at Bell, stated, "The MV-75 FLRAA will transform Army Aviation with speed, range and an open systems approach."
This award builds on Eaton’s decade-long collaboration with Bell on the FLRAA program, which includes contributions to the aircraft’s hydraulic power generation, conveyance systems, and additive manufacturing innovations.
Eaton, an intelligent power management company with nearly $26 billion in revenues and trading near its 52-week high of $399.56, serves customers in more than 160 countries. While InvestingPro analysis suggests the stock is currently trading above its Fair Value, the company maintains strong fundamentals with a healthy 38% gross profit margin. For detailed insights and 14 additional ProTips about Eaton’s financial outlook, investors can access the comprehensive Pro Research Report available on InvestingPro.
The work is being performed under Contract No. W58RGZ-23-C-0001 with the Army Contracting Command - Redstone Arsenal.
In other recent news, Eaton has announced a collaboration with Autodesk to enhance building lifecycle management by integrating their technologies. This partnership aims to simplify complex energy system simulations and optimize electrical system performance in commercial buildings and data centers. Meanwhile, Melius Research has upgraded Eaton’s stock rating from Hold to Buy, citing a reacceleration in capital expenditure related to artificial intelligence as a key factor. BNP Paribas Exane has reiterated its Outperform rating for Eaton, highlighting potential growth due to shifting customer capital expenditures toward AI data centers. Bernstein has also raised its price target for Eaton, maintaining an Outperform rating, and expects growth to extend beyond data centers. Additionally, Daiwa Securities has initiated coverage of Eaton with an Outperform rating, emphasizing the company’s strategic investments in data centers and electricity grid infrastructure. These developments reflect a positive outlook on Eaton’s growth potential across various sectors.
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