Timken Closes Sale of Aerospace Business to PCX Aerostructures
04 Nov,2022
PCX Aerosystems is a supplier of advanced mechanical systems for leading aerospace OEMs.
The Timken Company has closed the sale of its Aerospace Drive Systems (ADS) business to PCX Aerostructures, LLC. Terms were not disclosed. ADS is a supplier of drive system components and sub-assemblies for military and civil rotorcraft applications. ADS revenue is expected to be around $50 million in 2022.