CANTON, Ohio: Nov. 10, 2010 — In keeping with its rich tradition of supporting the communities in which it does business, The Timken Company (NYSE: TKR) today announced that it will donate $250,000 to the USO's Operation Enduring Care campaign to assist U.S. military veterans. The USO's $100-million five-year capital campaign will design, build and endow Wounded Warrior Support Centers at Bethesda, Md., and Fort Belvoir, Va., to offer specialized spaces, services and programs to serve the troops recovering in long-term care and their families.
"The company has a century-long tradition of supporting charitable causes that improve the quality of life for people in all the geographies in which we operate,” said company Chairman Ward ("Tim") J. Timken, Jr. “With our global headquarters in the U.S., the company supports the men and women who make personal sacrifices for this country. From our employment policies to our products to this recent contribution, the company is committed to supporting the safety and well-being of our troops.”
Employment Practices
Timken employs nearly 1,200 associates with military experience at its operations in the United States. More than half of these veterans and reservists are employed at operations in Ohio, where the company is headquartered. The company actively seeks veterans when hiring, particularly in its precision manufacturing operations where technical savvy and a commitment to quality and safety are paramount.
Timken employees also are developing an associate resource group (ARG) for those with military service. ARGs are designed to provide support and opportunity to associates with similar interests while providing feedback and leadership within the organization to promote collaboration and stronger performance.
In recent years, the company has been honored by the Employer Support of the Guard and Reserve (ESGR), a Department of Defense organization, with both its Patriot Award and Above and Beyond Award, which recognizes employers who have gone beyond the legal requirements for granting leave and providing support for military duty by their employees.
Defense Products
Timken supplies bearing products and repair services, gears, gearboxes and housings for a wide variety of military applications that protect soldiers in the field. While this is a small portion of the company’s overall business, the 1,900 Timken employees in its aerospace and defense facilities bring distinct knowledge to give military equipment a competitive edge and even keep it operational when damaged. Timken transmissions are found in military helicopters such as the Boeing AH-64 Apache, Sikorsky UH-60 BLACK HAWK and V-22 Osprey.
Timken also equips fighter jet engines and gearboxes, including the F414 engine powering the F/A-18 Super Hornet and the GE Model T700 engine used in Apache helicopters. Military land vehicles, such as the Abrams tank and the armored MRAP (mine resistant ambush protected) and MRAP-ATV, also have Timken products on board. Timken bearings are found in the Honeywell Model 36 Auxiliary Power Unit and in the Arrowhead infrared sensor systems, which are used to ensure safe flight for varied climate conditions and support accurate target controls.
"Our associates understand that their dedication to precision manufacturing and quality control plays a critical role in the safety of military troops," said Richard G. Kyle, president of Timken's Mobile Industries and Aerospace and Defense business segments. "They take great pride in knowing their efforts can make a difference to the safety of our military forces."
Other News:
SKF Helps S-OIL to Reach Important Strategic Goals
Timken Donates $250,000 to USO Campaign to Help Veterans
Rolls-Royce Bearing Box Blamed in A380 Engine Fire
Bearing Condition Monitor Gains Approval
Test Operation of New ZKL Bearings
Timken Increases Quarterly Dividend by 38 Percent
Trans-Pacific Aerospace Company, Inc. Appoints Alex Kam, Ray Kwong and Peter Liu to Board of Directors
Dana Holding Corporation to Participate in the Barclays Capital Global Automotive Conference on Nov. 16
