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ATP's Lunn Industries’ Contract Awards

07 December 2001

Advanced Technical Products’ Lunn Industries division has been awarded two separate contracts for upgrades on existing military aircraft fleets.

One contract is for Northrop Grumman's F-5/T-38 aircraft program and the other contract is for Lockheed Martin's P-3 aircraft program. The F-5/T-38 contract was awarded through the Defense Supply Center located in Richmond, Virginia. The contract is for honeycomb bonded wing leading edges and has an initial value of $2 million in the first year. The award includes options for an additional four years of production worth approximately $5.5 million. Lunn Industries is a member of Northrop Grumman Corporation's (NGC) F-5 and T-38 "Total Support" Supplier Team. A license agreement between NGC and Lunn Industries, signed in August 2000, with a five- year renewal term, authorizes Lunn Industries to manufacture various metal bonded honeycomb assemblies for the F-5/T-38 fleet. With 2,200 aircraft still in use worldwide, there remains an ongoing need for spare parts.

Lunn Industries was also awarded an initial contract for P-3 Orion tail boom assemblies with a total value of over $1 million. The fiberglass tail boom assembly houses a magnetic anomaly detection system, which is a critical component in anti-submarine aircraft. This contract was awarded through Lockheed Martin's P-3 program, which includes upgrades for existing U.S. Navy aircraft and other military customers. The contract has strong potential for follow-on orders as existing P-3 aircraft are upgraded. Production on this contract is slated to begin in the third quarter of 2002.