Federal-Mogul Completes Sale of Aviation Ignition Business

    SOUTHFIELD, Mich., June 1 Federal-Mogul Corporation
today announced that its subsidiary, Federal-Mogul Ignition
Company, completed the previously announced sale of its Champion(R) aviation
ignition products division in Liberty, South Carolina, to TransDigm Inc. for
$160 million.  The corporation will also realize approximately $11 million as
it collects trade receivables that were retained as a part of the transaction.
The proceeds obtained from the sale will be used for previously announced
restructuring programs and other general purposes.
    (Photo:  http://www.newscom.com/cgi-bin/prnh/20000525/DETH025LOGO )
    The aviation division is the world's largest manufacturer of igniters for
turbine engines and spark plugs for piston engines.  It provides products for
all major commercial, military and general aircraft applications.  The
division has 385 employees and had net sales of approximately $70 million in
2000.
    TransDigm Inc. is owned by Odyssey Investment Partners, LLC, and is a
leading supplier of highly-engineered aircraft components for use on nearly
all commercial and military aircraft.
    Headquartered in Southfield, Michigan, Federal-Mogul is an automotive
parts manufacturer providing innovative solutions and systems to global
customers in the automotive, small engine, heavy-duty and industrial markets.
The company was founded in 1899.  Visit the company's web site at
http://www.federal-mogul.com for more information.

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