H A M I L T O N   S U N D S T R A N D   The international team of Hamilton Sundstrand businesses continued to build momentum in 2003 despite challenging business conditions. Aerospace business units clinched more significant aircraft content, continued on schedule in systems development for the Joint Strike Fighter and Airbus A380, and now see the commercial aftermarket recovering. Industrial businesses expanded their presence in China, secured important domestic and international projects and designed new, environmentally friendly products.
        The company is building international momentum.AVIC 1 Commercial Aircraft Company of Shanghai selected multiple systems for its new 80- to 100-passenger regional jet, the ARJ21, making Hamilton Sundstrand the top systems supplier. Airbus tapped the Ratier-Figeac unit in France to develop and produce the propeller system for the A400M airlifter, potentially worth more than $800 million over the program life.
         Falk, a Hamilton Sundstrand industrial company, will complete a new facility in China this year to provide better service to Asian customers and tap low-cost sources for products worldwide.
         Customers like Hamilton Sundstrand. Airbus gave one of only two 2003 Supply Chain Excellence awards for “best value for money” to German business unit Nord-Micro, which supplies cabin pressure and ventilation control systems. Lockheed Martin presented the Electric Systems Enterprise the Joint Strike Fighter Distinguished Supplier Award for meeting goals and adapting to program changes.
         Airline customers also recognized the value of enhancing their repair and service agreements with Hamilton Sundstrand, the original equipment manufacturer (OEM), and the company signed additional long-term agreements with major customers.For the sixth year in a row, Hamilton Sundstrand received the Platinum Supplier award from American Airlines.
        The company’s military business continued to grow. Hamilton Sundstrand won its first Performance-Based Logistics contract from the U.S.Navy to support a fleet of helicopter-based auxiliary power units.
        Hamilton Sundstrand sees a bright future for its aerospace and industrial markets and is investing customer-funded and company-funded research at a rate exceeding 15 percent of sales to develop industryleading products and systems.