Despite doubling 2007 revenues, Eaton Aerospace looking to buy
Irvine, California-based Eaton Aerospace (Hall 3, Stand D5) admits to still being on the acquisition trail despite having doubled its revenues to $1.6 bill
Irvine, California-based Eaton Aerospace (Hall 3, Stand D5) admits to still being on the acquisition trail despite having doubled its revenues to $1.6 billion (2007 estimated) since its last visit to Le Bourget.
Its global growth ambitions have seen it purchasing Cobham’s HiTemp arm, Stanley Aviation and then, earlier this year, Argo-Tech’s aerospace business–all driven by Cleveland, Ohio-based parent Eaton Corp.’s goal to grow from a $12 billion diversified conglomerate to an $18 billion one over the next few years. Its aerospace division is now almost as large as chief competitor Parker Aerospace, said Eric Alden, director strategic planning and new business development.
