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Thursday, 02/26/2009 11:00:41 AM

Thursday, February 26, 2009 11:00:41 AM

Post# of 183
I like these odds... 2 out of 3

ArvinMeritor Selected as Drivetrain Technology Partner on Two OEM Vehicle Platforms for Major Defense Program
Thursday February 26, 2009, 9:20 am EST
Yahoo! Buzz Print Related:ArvinMeritor Inc.
TROY, Mich., Feb. 26 /PRNewswire-FirstCall/ --ArvinMeritor, Inc. (NYSE: ARM - News) today announced it will be the drivetrain supplier for two of the three prime contractors awarded technology demonstrator contracts for the Joint Light Tactical Vehicle (JLTV) - Lockheed Martin Systems Integration and BAE Systems U.S. Combat Systems.

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{"s" : "arm","k" : "c10,l10,p20,t10","o" : "","j" : ""} ArvinMeritor has developed advanced technology solutions for the JLTV program that include the Meritor lightweight, high mobility independent suspensions, an integrated all-wheel drive system, a central tire inflation system, semi-active damping, and MeritorWABCO hydraulic braking systems with electronic stability control. With a contract volume valued at approximately $20 billion, the JLTV is the largest military vehicle program expected in the next two decades.

"ArvinMeritor is highly committed to this important effort and intends to make a significant investment in engineering and prototype development to support the JLTV program," said Carsten Reinhardt, president of ArvinMeritor's Commercial Vehicle Systems business. "Our unique capability in developing specialized drivetrain solutions makes ArvinMeritor the right partner to deliver the technology required for this highly advanced, next generation vehicle platform."

ArvinMeritor began working on new products and technologies for the JLTV program in 2006, participating in the Nevada Automotive Test Centers (NATC) Combat Tactical Vehicle Technical Demonstrator program. In that competition, the NATC conducted detailed industry trade studies to assemble a team to build the demonstrator. ArvinMeritor was selected over several competitors to provide a high-wheel travel independent suspension drive axle, pneumatic brake system and electronic stability control.

The JLTV is a joint Army and Marine Corps program being developed to replace the U.S. military's aging fleet of light tactical vehicles. With the technology development contracts, the winning teams take another step forward in the competition. This phase of the program will last for 27 months. At the conclusion of the Technology Demonstration phase, the Army is expected to select two firms for the next phase of the competition, Engineering Manufacturing and Development, before choosing a winner as early as fiscal year 2013 for a production contract.

More than half a century ago, ArvinMeritor began supplying drivetrain components for military fleets. Today, the company provides global systems solutions for a complete range of lightweight to heavyweight tactical wheeled vehicles, armored personnel carriers and wheeled combat vehicles for all types of terrains.

About BAE Systems

BAE Systems is the premier global defense and aerospace company delivering a full range of products and services for air, land and naval forces, as well as advanced electronics, information technology solutions and customer support services. With 100,000 employees worldwide, BAE Systems' sales exceeded 15.7 billion pounds Sterling (US $31.4 billion) in 2007.

About Lockheed Martin

Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 146,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.

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