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Lockheed Martin Forms Mentor-Protege Pact

29 October 2006

Lockheed Martin has entered a Mentor-Protege Agreement with Angeles Composite Technologies, Inc. (ACTI) of Port Angeles, Wash., and will assist the company as it becomes a supplier of advanced composite aircraft components.

ACTI is an Alaska Native-owned, small disadvantaged business located in an Historically Underutilized Business Zone (HUBZone). Lockheed Martin Aeronautics, an approved Department of Defense mentor, will leverage the Mentor-Protégé relationship to help ACTI develop its capabilities for defence, aerospace and commercial markets during a three-year period, working through the U.S. Air Force Mentor-Protégé office. Technology transfer in composites manufacturing will include hands-on training and fabrication of bismaleimide (BMI) panels and parts.

“We are committed to providing opportunities to small businesses. Not only is it the right thing to do, but it makes good business sense,” said Gary Bailey, Lockheed Martin Aeronautics’ vice president of Material Management. “Small businesses bring innovation, creativity and focus on cost, schedule and quality, which are essential elements of meeting our customers’ requirements,” Bailey said.

“Lockheed Martin will work toward developing ACTI into a first-class composite supplier, capable of producing more complex aerospace-quality structures for Department of Defense prime contractors in the aeronautics and space business areas,” said Samuel E. Evans, director of Small Business and Non-Production Procurement for Lockheed Martin Aeronautics.

“Angeles Composites Technology, Inc. will be a valuable strategic partner, adding critical capacity and capability as the need for advanced composite structures grows. ACTI will be a resource to provide skills training, jobs and economic benefit to the Port Angeles area,” said Michael D. Rauch, president and chief executive officer of ACTI.





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