Lucas Varity Plc - U.LUC- Profile

Lucas Varity plc designs, manufactures and supplies advanced technology systems, components and services in the world's automotive and aerospace industries. The automotive division is a leading supplier of braking, diesel fuel injection and electrical and electronic systems. The aerospace division is a leading supplier of engine controls, power generation, flight controls, cargo handling and customer support. During 1998, Perkins Group Limited was sold to Caterpillar Inc. The company has subsidiaries in England, France, Germany, Spain, Brazil, Korea, India and U.S.A.. Other Automotive accounted for 45% of fiscal 1998 revenues; Braking Systems, 39%; Aerospace, 19% and other, nominal.