AGC AeroComposites and ATK Sign Teaming Agreement: Industry Resource Will Provide Comprehensive Aerospace Composites Solutions
Oklahoma City, OK (PRWEB) July 14, 2014 -- AGC AeroComposites and ATK (NYSE: ATK) announced a teaming agreement today creating an aerospace and defense industry resource spanning the full scope and scale of aerospace composites structures. Under terms of the agreement, the companies will team to pursue content on both commercial and military platforms with an emphasis on tape lay and hand lay-up solutions.
The combined core capabilities of each company will provide mutual turnkey composite design, manufacturing capabilities and solutions. The scope of the global team capabilities encompass: both structural and nonstructural advanced composite products, specialized equipment, tooling, and manufacturing processes spanning fiber-placement, automated tape lay-up, large resin transfer molding and finishing and specifically hand lay-up.
“This teaming agreement allows AGC AeroComposites to meet a wider range of customer needs and to grow our business efficiently,” said Rick Armstrong, President and Chief Executive officer of AGC AeroComposites. "It’s a perfect fit with our overall strategic growth plan, and will allow us to continue to add to our presence on new generation aircraft with high composite content.”
“Both ATK and AGC AeroComposites are well-known in the industry as providers of highly engineered and reliable composite structures,” said Joy de Lisser, Vice President and General Manager of ATK’s Aerospace Structures division. “Teaming and synergies will allow us more breadth in scope and to provide our customers with low-cost hand lay-up composite structure solutions.”
Rick Armstrong along with other members of the AGC AeroComposites’ leadership team will be available July 14 - 20 at the Farnborough Air Show in the ADS U.K. Pavilion, Hall 1 Stand B15F.
About AGC AeroComposites
AGC AeroComposites provides the aerospace & defense industry with composite and metallic aerostructures and components that meet demanding and complex requirements. The company’s growing global footprint is currently comprised of six strategic sites providing local and immediate support to customers. AGC AeroComposites is a trusted lifecycle partner providing integrated solutions from early stage design, rate production, to full-term sustainment. AGC AeroComposites has sites in Monterey, Calif., Seattle, Wash. and Hayden, Idaho in the U.S. and in the U.K. in Yeovil, Portland and Derby.
AGC AeroComposites is an AGC Aerospace & Defense Company.
About AGC Aerospace & Defense
AGC Aerospace & Defense, the unifying brand of private equity group Acorn Growth Companies, is a global supplier of technologies, systems and services supporting commercial and military programs. Capabilities within the AGC Aerospace & Defense portfolio range from financing, engineering, and integration services to manufacturing, logistics, and aircraft modifications. AGC Aerospace & Defense is organized into four operating groups: AeroComposites, Finance, Integrated Defense, and Services.
About ATK
ATK is an aerospace, defense and commercial products company with operations in 22 states, Puerto Rico and internationally. News and information can be found on the Internet at http://www.atk.com, on Facebook at http://www.facebook.com/atk or on Twitter @ATK.
Erika Lucas, AGC Aerospace & Defense, http://www.agcaerospace.com, +1 405-888-0714, [email protected]
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