Timken Closes Sale of Aerospace Business to PCX Aerostructures

<p style="text-align: center;"><img src="/ueditor/php/upload/image/20221104/1667543834114610.png" title="1667543834114610.png" alt="3.png"/></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">PCX Aerosystems is a supplier of advanced mechanical systems for leading aerospace OEMs.</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;"><br/></span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">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.</span></p>