IN FOCUS

National-Oilwell, Inc. reported third quarter net income of $17.8 million ($0.22 per diluted share) compared to $28.9 million ($0.36 per diluted share) in the third quarter of 2001. Revenues for the quarter were $366.9 million, compared to $486.8 million in the third quarter of 2001.

Carver Pump has been notified by Northrop Grumman Ship Systems, Ingalls Operations, of Pascagoula , Mississippi of its intention to exercise its option for the fifth shipset of centrifugal pumps for the San Antonio Class (LPD-17) Dock Landing Ships.

Sterling Fluid Systems has extended its range of multistage pumps with the introduction of the new SIHImultiSteel, the new range of vertical multistage pumps designed to meet the technical demands of industrial applications. Due to their modern design these vertical multistage pumps are reliable, quiet and easy to maintain.

With the new OptiFlo design Johnson Pump has succeeded in reducing the drawbacks of conventional air-operated double-diaphragm pumps, like heavy pulsation, costly downtime, noisy operation and cost of spares.

Pumps & Valves 2002 (16 -18 October in Antwerp) is the trade fair for industrial pumps, control valves, shut-off valves, services and accessories. In conjunction with several seminars the exhibition is an important event to show new pumps and technologies. Impeller.net – the Online Pump Magazine – was been there and has summarized the most important highlights in the area of pump technology.

IDEX Corporation reported that orders, sales and earnings for the three months ended September 30, 2002, significantly improved from the same quarter last year but were slightly below this year’s second quarter levels. Diluted earnings per share for the just completed quarter were 45 cents.

Madrid-Barajas Airport is the fifth busiest European airfield today and the one with the highest increase in passenger traffic over the last years. To cope with this continous upward trend, the airport is now being extended. ABS pumps are used during the construction of new terminal buildings and runways.

The new Hydromatic PFC6X6 is engineered to utilize Hydromatic’s 40RP “Rapid Prime” self-primer pumps. Enclosed in a fiberglass covered, six foot by six foot primer station, the new above ground lift station is designed to meet and exceed industry specifications for remote primer lift stations as well as provide unmatched benefits to the customer. The new station is pre-engineered, economical and ships complete from the factory for easy installation with the incoming power and piping connections.

Patterson Pump’s The Forceline® NCS Series and Type “F” Sewage Pumps are now offered with a sealing arrangement which requires no flush water, providing substantial savings in areas of maintenance and seal flush water.

National-Oilwell, Inc. announced the signing of a definitive combination agreement with Hydralift ASA that will solidify National Oilwell’s position as the leading global supplier of comprehensive systems and components used in offshore oil and gas drilling and production.