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January 13, 2013
13:44 EDTCTSCTS awarded second actuator production program
CTS Corporation announced that CTS Automotive Products was awarded a second production program to supply brushless motor-driven actuators for active air grill shutter systems. The actuators will be used on a U.S. badged SUV supplied through a major tier one supplier, CTS' second customer for this application. Total revenues over the six-year life of the program are expected to be approximately $7M. The actuators will be manufactured in CTS' Elkhart, Indiana facility with deliveries beginning late 2013. CTS began producing air grill shutters in the second quarter 2012 as a result of a $30M production award secured in late 2011.
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