TRW Automotive Holdings Corp. announced the establishment of its second North American Driver Assist Systems (DAS) Engineering Center at the Company's Livonia, Michigan headquarters. The new engineering center will focus on the development and testing of advanced radar applications to support TRW's North American customers, and will work closely with the Camera Development Center located in nearby Farmington Hills, Michigan. The new center's establishment is part of TRW's global strategy to provide customers with professional application support for sophisticated DAS applications on each of the three major continents; the Company has also placed resident DAS engineers in Japan and Korea. The new DAS center will also utilize the world class labs and test track facilities already established in the region and will work closely with well-established European DAS engineering centers in Birmingham, UK, and Koblenz, Germany, while liaising with the company's specialist radar production facility in Brest, France, thereby ensuring the best possible customer support from the design stage to final delivery.

TRW Automotive Holdings Corp. reported unaudited consolidated earnings results for the third quarter and nine months October 2, 2009. For the quarter, the company has posted sales of $3.1 billion, a decrease of 13.5% compared to the prior year period. The company reported GAAP net earnings of $56 million or $0.50 per diluted share, which compares to a net loss of $54 million or $0.53 per diluted share in the prior year period. The third quarter 2009 GAAP net earnings includes restructuring and fixed asset impairment charges of $24 million and a loss on retirement of debt totaling $1 million. The prior year third quarter included restructuring charges and asset impairments totaling $32 million. The company's third quarter 2009 operating income was $141 million compared with $12 million in the 2008 period. The year-to-year increase was driven primarily by the positive impact of restructuring and cost containment actions implemented over the past year, lower raw material prices and, to a lesser extent, favorable non-recurring supplier and customer settlements in the current quarter. The company reported 2009 third-quarter GAAP earnings of $56 million, or $0.50 per diluted share, which compares to a GAAP net loss of $54 million, or $0.53 per diluted share in the 2008 period. Earnings before interest, securitization costs, taxes, depreciation and amortization and special items were $292 million in the third quarter of 2009, as compared to the prior year level of $189 million. Third quarter 2009 net cash flow provided by operating activities was $174 million, which compares to $79 million in the prior year. Capital expenditures were $49 million compared to $121 million in 2008. For the nine month period ended October 2, 2009, the company reported sales of $8.2 billion, a decrease of $4.0 billion or 32.4% compared to prior year sales. The decrease in sales resulted from the sharply reduced global production volumes between the two periods and the negative effects of foreign currency movements compared to 2008. For the 2009 year-to-date period, the company reported operating income of $60 million compared with $424 million in the comparable prior year period. The year-to-year decrease was driven primarily by the profit impact of the $4.0 billion in lower sales, partially offset by the positive impact of the previously mentioned restructuring and cost containment actions. The company reported a year-to-date 2009 GAAP net loss of $86 million, or $0.82 per diluted share, which compares to GAAP net earnings of $167 million, or $1.63 per diluted share in the 2008 period. Adjusted EBITDA totaled $527 million, compared to $938 million in the 2008 period. For the nine month period ended October 2, 2009, the company had a net cash usage in operating activities of $57 million, which compares to cash provided by operations of $4 million in the prior year period. The year-to-year decline resulted primarily from lower operating income partially offset by lower working capital requirements. Year-to-date 2009 capital expenditures were $121 million compared to $338 million in 2008. For the fourth quarter, the company expects sales of approximately $3.2 billion. For the full year, the company expects sales of approximately $11.4 billion.

TRW Automotive Holdings Corp. provided capital expenditure guidance for the year 2009. For the period, the company's capital spending is expected to be slightly lower than previous forecast at approximately $250 million. The company estimates that cash outflow from operations after capital expenditures will be in the range of $100 to $250 million, better then earlier guidance due to strong third quarter results and a higher level of clarity for production schedules and other variables in the remaining months of 2009.