"The purchase of this latest technology allows Barnes Aerospace to maintain its leadership position in precision manufacturing of complex components for turbine jet engines," said Patrick J. Dempsey, President, Barnes Aerospace. "By continuing to invest in the most advanced technologies and driving our operational excellence initiatives such as lean manufacturing and Six Sigma, Barnes Aerospace is increasing the capacity of its global operations to meet the increased production demands from our customers."
Barnes Aerospace produces precision machined and fabricated components and assemblies for original equipment manufacturer (OEM) turbine, airframe and industrial gas turbine builders throughout the world. Barnes Aerospace also provides jet engine component overhaul and repair services for many of the world's commercial airlines and military applications.
Barnes Group Inc. ( www.barnesgroupinc.com) is a diversified international manufacturer of precision metal components and assemblies and a distributor of industrial supplies, serving a wide range of markets and customers. Founded in 1857 and headquartered in Bristol, Connecticut, Barnes Group consists of three businesses with 2005 sales of $1.1 billion: Barnes Distribution, an international, full-service distributor of maintenance, repair, operating, and production supplies; Associated Spring, one of the world's largest manufacturers of precision mechanical and nitrogen gas springs and a global supplier of retaining rings, reed valves, shock discs, and injection-molded plastic components; and Barnes Aerospace, a manufacturer and repairer of highly engineered assemblies and components for commercial and military aircraft engines, airframes, and land-based industrial gas turbines. Over 6,000 dedicated employees at more than 60 locations worldwide contribute to Barnes Group Inc.'s success.
Barnes Aerospace Brian D. Koppy, 860-973-2126 Investor Relations or Stephen J. McKelvey, 860-973-2132 Corporate Communications