ArvinMeritor Announces $150 Million Suspension Module Contract

TROY, Mich., March 16 -- ArvinMeritor, Inc. announced today that its Light Vehicle Systems (LVS) business group was awarded a multi-year, $150 million contract for a front, upper-corner suspension module for a new light vehicle pickup truck. The contract also includes rear suspension components. Production is scheduled to begin in July 2005. The identity of the customer and terms of the contract were not disclosed.

"This new business win, on the heels of the $200 million contract announced in January, is one more example of how our undercarriage system strategy continues to meet customer demands," said Sidney Del Gaudio, vice president and general manager of ArvinMeritor's LVS Undercarriage Systems. "Our system integration capabilities -- combined with our experience in designing and manufacturing the critical sub-components of these suspension assemblies, including shock absorbers and coil springs -- enable us to exceed the rigorous vehicle performance requirements of our customers."

ArvinMeritor's Light Vehicle Systems (LVS) business group posted more than $4.3 billion in sales during fiscal year 2003, and employs more than 17,000 people at 74 facilities in 23 countries. LVS -- a market leader in the product categories it serves -- supplies integrated systems and modules to the world's leading passenger car and light truck OEMs. With advanced technology and systems design expertise in apertures, undercarriage, wheels and emissions control, LVS combines high-quality components into cost-effective, performance-based solutions for virtually every car and light truck on the road today.

ArvinMeritor, Inc. is a premier $8-billion global supplier of a broad range of integrated systems, modules and components to the motor vehicle industry. The company serves light vehicle, commercial truck, trailer and specialty original equipment manufacturers and related aftermarkets. Headquartered in Troy, Mich., ArvinMeritor employs approximately 32,000 people at more than 150 manufacturing facilities in 27 countries. ArvinMeritor common stock is traded on the New York Stock Exchange under the ticker symbol ARM. For more information, visit the company's Web site at: www.arvinmeritor.com .