Tyco Electronics Ltd. (Tyco Electronics) is a global provider of engineered electronic components, network solutions, specialty products, and undersea telecommunication systems. Tyco Electronics designs, manufactures, and markets products for customers in an array of industries, including automotive; data communication systems and consumer electronics; telecommunications; aerospace, defense, and marine; medical; energy, and lighting. Its products are produced in approximately 100 manufacturing sites in approximately 25 countries. The Company is a wholly owned subsidiary of Tyco International Limited (Tyco International). Its segments include Electronic Components, Network Solutions, Specialty Products and Undersea Telecommunications. In May 2009, the Company sold its Wireless Systems business.
Quick Financial Synopsis
BRIEF: For the fiscal year ended 25 September 2009, Tyco Electronics Ltd.'s revenues decreased 29% to $10.26B. Net loss from cont. operations totaled $3.1B vs. an income of $1.53B. Revenues reflect lower sales from Electronic Components, Network Solutions, Specialty Products and Undersea Telecommunications business segments. Net loss also reflects an increase in impairment of goodwill and an increase in pre-separation litigation charges, net.