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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
October 26, 1999 (October 2242, 1999)
Date of Report (Date of Earliest Event Reported):
THE FAIRCHILD CORPORATION
(Exact Name of Registrant as Specified in its Charter)
Delaware 1-6560
(State of Other Jurisdiction (Commission File Number)
of Incorporation
34-0728587
(I.R.S. Employer Identification No.)
45025 Aviation Drive, Suite 400
Dulles, Virginia 20166-7516
(Address of Principal Executive Offices, Including Zip Code)
(703) 478-5800
(Registrant's Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
On October 25, 1999, we announced that we had entered into
an asset purchase agreement with United Technologies Corporation
for the disposition of substantially all the assets and certain
liabilities of our Dallas Aerospace, Inc. subsidiary for
approximately $57 million in cash.
The disposition, which is subject to certain conditions
including regulatory approvals, is expected to close before
December 31, 1999.
Additional information regarding the proposed disposition is
set forth in our press release issued on October 25, 1999, which
is included as an exhibit to this Report on Form 8-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
Exhibit No. Description
99 Press Release of The Fairchild
Corporation, dated October 25, 1999 (filed
herewith).
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
Dated: October 26, 1999
THE FAIRCHILD CORPORATION
By: /s/ Donald E. Miller
Donald E. Miller
Executive Vice President
Exhibit 99
FOR IMMEDIATE RELEASE
Contact: David Wynn-Morgan, 212-308-
6700
Or Allan Priaulx, WMC
Communications, Ltd.
T: 212/687-1977, Email:
apriaulx@aol.com
The Fairchild Corporation [NYSE: FA] Agrees to Sell Assets of
Dallas Aerospace, Inc.
Dulles, Virginia (October 25, 1999) - The Fairchild
Corporation [NYSE: FA] announced today that is had signed a
definitive agreement to sell the assets of its Dallas Aerospace,
Inc. subsidiary for approximately $57 million in cash, to United
Technologies Corporation [NYSE: UTX]. Dallas Aerospace sells and
leases aircraft engines and parts. The sale, which is expected
to close before December 31, 1999, is subject to customary
conditions such as regulatory approval.
The Fairchild Corporation, through its Fairchild Fasteners
division, is the leading worldwide manufacturer and supplier of
precision fastening systems used in the construction and
maintenance of commercial and military aircraft. Fairchild
Fasteners has manufacturing facilities as well as sales/design
customer teams based in the United States, Germany, France,
Portugal, Hungary, Australia and the United Kingdom.
The news release contains forward-looking statements within
the meaning of Section 27-A of the Securities Act of 1933, as
amended and Section 21-E of the Securities Exchange Act of 1934,
as amended. The Company's actual results could differ materially
from those set forth in the forward-looking statements as a
result of the risks associated with the Company's business,
changes in general economic conditions, and changes in the
assumptions used in making such forward-looking statements.