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Orbital’s JV letter of intent

ORBITAL Corporation’s 50:50 joint venture with Siemens VDO Automotive Corporation, Synerject, has signed a letter of intent with Bombardier Recreational Products US Inc. for the purchase of BRP’s engine management modules facility in Delavan, Wisconsin, US. The facility to be acquired manufactures fuel injectors and engine management modules for Evinrude and Johnson outboard engines. Synerject, under the transaction, will continue to supply BRP’s Johnson and Evinrude division through long-term supply contracts. The transaction is expected to be finalised by January 31 2006.

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