07 December 2001
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.