NEW YORK--(BUSINESS WIRE)--March 9, 2007--Chromalloy Gas Turbine Corporation, a subsidiary of Sequa Corporation (NYSE:SQAA) and American Airlines, a unit of AMR Corp. (NYSE:AMR), announced they have jointly designed and developed PMA JT8D-200 turbine blades for use in the American fleet which powers over 300 American MD80 aircraft. The American JT8D-200 fleet is the single largest large commercial engine fleet in the world.
The collaborative effort resulted in Chromalloy receiving FAA design and manufacturing approval for all four stages of turbine blades after the companies completed extensive engine testing both in Chromalloy's and American's engine overhaul facilities.
The blades, which will be manufactured in Chromalloy's Carson City Nevada facility, are covered under a long term supply agreement between the companies.
"We are pleased to expand our productive and mutually beneficial relationship with American Airlines," said Chris Richardson, vice chairman and chief executive officer of Chromalloy Gas Turbine Corporation.
"We're continuously looking for ways to reduce our costs within our M&E organization without sacrificing our high standards of safety and efficiency and to create competitive advantages for American. We view the development of these parts with Chromalloy as achieving both of these goals", said Bob Reding, senior vice president of technical operations for American Airlines.
Chromalloy Gas Turbine Corporation, headquartered in San Antonio, TX, specializes in the repair and manufacture of turbine components for aircraft and industrial gas turbine engines. American Airlines is the world's largest airline and is a founding member of the Oneworld Alliance. American, American Eagle and the AmericanConnection (R) airlines serve 250 cities in over 40 countries with more than 4,000 daily flights. The combined network fleet numbers more than 1,000 aircraft.
Sequa Corporation is a diversified manufacturer with operations organized around six segments: aerospace, automotive, metal coating, specialty chemicals, industrial machinery, and other products. For additional information, visit www.sequa.com.
Note: This press release may include forward-looking statements that are subject to risks and uncertainties. A number of factors, including political, currency, regulatory and competitive and technological developments, could result in material differences between actual results and those outlined in any forward-looking statements. For additional information, see the comments included in Sequa's filings with the Securities and Exchange Commission.
CONTACT: Sequa Corporation Shavonne Griswold, 212-986-5500 KEYWORD: TEXAS NEW YORKINDUSTRY KEYWORD: OIL/GAS ENERGY AEROSPACE/DEFENSE TRAVEL AIRLINES TRANSPORTATION MARKETING AGREEMENTSSOURCE: Chromalloy Gas Turbine Corporation
