Eaton Corp. PLC (a U.S. company) stated that its subsidiaries intend to continue to do business in Iran under General License H, noting, however, that it has no assets or employees in Iran. (2017). --
In 2017 the U.S. state of Michigan listed Eaton on its Iran restricted investment list rendering Eaton ineligible for investment and/or state contracting.
Eaton Corporation is a diversified power management company, specializing in hydraulics and industrial equipment for the manufacturing, aerospace, transportation, and energy industries. It had 2009 sales of $11.9 billion, with 70,000 employees spanning a market of 150 countries (Company Website).
Eaton acquired Vickers, a hydraulics manufacturer, in 1999. Vickers equipment is sold in Iran through distributor Hydraulic Karan. Hydraulic Karan features photographs of Vickers equipment taken as recently as 2007.
Eaton has received over $2 billion in US government contracts over the past decade.