Meritor Increases Pledge to $55,000 in Support of Freedom Center at Detroit Metropolitan Airport
Historical Stock Chart
5 Years : From Nov 2010 to Nov 2015
TROY, Mich., Nov. 9, 2012 /PRNewswire/ -- In recognition of Veteran's Day, Meritor, Inc. (NYSE: MTOR) today announced a three-year pledge totaling $30,000 from the Meritor Trust Fund to support the Freedom Center located in the McNamara Terminal at Detroit Metropolitan Airport.
This support is in addition to the two-year pledge totaling $20,000, committed this time last year at the official opening dedication of the Freedom Center, and a $5,000 donation to support the Freedom Center Gala event. The Freedom Center is a world-class reception and hospitality area designed to welcome military service members and their families to Detroit, whether passing through or in Detroit for an extended period. All retired and active duty members of the armed services, family members and veterans, are invited to enjoy this new airport amenity.
"We are honored to provide support to our nation's warfighters and their families as they travel through Detroit," said Tim Burns, vice president and general manager, Defense and Specialty, Industrial, Meritor. "During our first 12 months of operation, Freedom Center volunteers have hosted more than 30,000 members of our military, their dependents and veterans. By providing a world-class lounge, we have been able to say 'Thank you for your service' to our troops. They are heroes to all of us and Meritor is committed to them and their families."
Meritor has a long history of supporting armed services members and their families. In 2009, Meritor was recognized with the Pro Patria Award, presented by the Michigan National Guard and Reserve for the company's employee military leave program. Meritor also supports our nation's military personnel through the following efforts:
- Tim Burns is on the board of directors of the Michigan Armed Forces Hospitality Center.
- Recent grassroots employee efforts raised $12,888 for organizations supporting veterans through "jeans day" donations: $7,616 for the Freedom Center and $5,272 for USA Cares, which provides military families with financial and advocacy support.
- Meritor Defense is one of the lead $5,000 "Distinguished Service Cross" sponsors of the Association of the United States Army's (AUSA) Thanksgiving Gala event in November 2012. The event supports worthwhile organizations such as the Fallen & Wounded Soldiers Fund and the John Dingell VA Hospital.
Meritor has produced drivetrain components for U.S. military fleets around the world for more than 100 years. The company has more than 500 employees in the United States dedicated to designing, testing and manufacturing drivetrain components for the U.S. Army's Family of Medium Tactical Vehicles (FMTV) and Mine Resistant Ambush Protected Vehicles (MRAP). Meritor also is designing and developing drivetrain technology for future military programs, including the Joint Light Tactical Vehicle (JLTV), High Mobility Multipurpose Wheeled Vehicle (HMMWV) Recapitalization and the Marine Personnel Carrier (MPC).
The Freedom Center is staffed by volunteers seven days a week, 365 days a year. Operating hours are from 6 a.m. to 11:30 p.m. However, many nights Freedom Center has operated around the clock when travelling soldiers, sailors and Marines are stranded due to flight delays or weather issues.
About Meritor, Inc.
Meritor, Inc. is a leading global supplier of drivetrain, mobility, braking and aftermarket solutions for commercial vehicle and industrial markets. With more than a 100-year legacy of providing innovative products that offer superior performance, efficiency and reliability, the company serves commercial truck, trailer, off-highway, defense, specialty and aftermarket customers in more than 70 countries. Meritor is based in Troy, Mich., United States, and is made up of about 10,000 diverse employees who apply their knowledge and skills in manufacturing facilities, engineering centers, joint ventures, distribution centers and global offices in 19 countries. Common stock is traded on the New York Stock Exchange under the ticker symbol MTOR. For important information, visit the company's website at meritor.com.
(Logo: http://photos.prnewswire.com/prnh/20110330/DE73783LOGO )
SOURCE Meritor, Inc.