Lockheed Martin (NYSE: LMT) notified Multicut A/S of a pending contract award to manufacture aluminum machined details and assemblies for the fifth generation F-35 Lightning II aircraft in a ceremony today.
Multicut A/S, a precision component manufacturer in Vildbjerg, Demark, received notification of its down select for this contract award notification for aluminum components such as brackets and fittings for the F-35. It is the first work that Multicut will perform directly for Lockheed Martin during this three-year agreement, and positions Multicut and Danish Industry for future opportunities.
“Denmark continues to benefit from participating in the F-35 program, and this contract award with Multicut reaffirms Lockheed Martin’s commitment to grow the industrial participation program with Danish companies of all sizes,” said Jack Crisler, Lockheed Martin F-35 vice president. “Multicut and other Danish companies are participating in a truly international, highly innovative ‘next generation’ program, which will endure for more than 40 years. Should Denmark select the F-35, Danish companies will be involved in the construction of the F-35 global fleet, and potentially in sustainment of the F-35 over the entire lifecycle of the program.”
“We are extremely proud to receive this contract award, signifying our commitment to providing best value and the highest quality components for the F-35 Joint Strike Fighter,” said Lars Rasmussen, Multicut A/S chief executive officer. “This is a major award for Multicut that allows us to move into component manufacturing for a fifth generation fighter aircraft and positions our company well for many years to come.”
Source: Lockheed Martin Corporation (NYSE: LMT)
Date: Nov 12, 2015