LORD Corporation Wins Biggest Contract In Company's 94-year History

CARY, N.C., March 9, 2018 /PRNewswire/ -- LORD Corporation will develop and manufacture the auto throttle module for Boeing's 737 MAX. The cockpit control will be designed and produced at LORD Electromechanical Solutions (formerly Fly-by-Wire France) facilities in Saint-Vallier, France and in Cambridge Springs, Pennsylvania, USA. 

This new multi-year contract reflects LORD's acquisition strategy to develop innovative electromechanical solutions to provide long-term value for the aerospace & defense industry. LORD acquired Fly-by-Wire in 2016. The development of the cockpit control systems will take place over the next few years with production beginning in 2020.   

"We are pleased to embark on this monumental journey with Boeing," said Ed Auslander, LORD President and CEO. "The success of Boeing's 737 MAX, coupled with LORD's proven history in providing solutions for mission-critical applications, represents tremendous opportunities for the future of flight."     

LORD has been a major supplier to the aerospace industry for electromechanical solutions on cockpit control systems for nearly 40 years. A longtime partner of Boeing, LORD is a recent Silver Boeing Performance Excellence Award winner and has developed and manufactured several systems and components for a variety of commercial and military Boeing platforms. 

"Our long-term relationship with LORD is taking on a new dimension as they join a large family of suppliers that are contributing to the success of the 737 MAX," said Jean-Marc Fron, Managing Director, Boeing France. "We are pleased with this opportunity for growth in activity of our supply base in France with a company such as LORD Electromechanical Solutions that is well-known throughout France for its know-how and expertise." 

LORD is currently constructing a new, state-of-the-art manufacturing center in Pont de L'lse?re, France to optimize and enhance its service to Boeing and other customers, while positioning LORD for future growth.  

ABOUT BOEING:
Chicago-based Boeing is the world's largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. A top U.S. exporter, the company supports airlines and U.S. and allied government customers in 150 countries. 
The 737 MAX is the fastest-selling airplane in Boeing history, accumulating more than 4,300 orders from 92 customers worldwide. For more information and feature content, visit www.boeing.com/commercial/737max.

ABOUT LORD CORPORATION: 
LORD Corporation is a diversified technology and manufacturing company developing highly reliable adhesives, coatings, motion management devices, and sensing technologies that significantly reduce risk and improve product performance. For more than 90 years, LORD has worked in collaboration with our customers to provide innovative oil and gas, aerospace, defense, automotive and industrial solutions. With world headquarters in Cary, N.C., LORD has approximately 3,000 employees in 26 countries and operates 19 manufacturing facilities and 10 R&D centers worldwide. LORD actively promotes STEM education and many other community engagement initiatives. For more information, visit www.lord.com.

MEDIA CONTACTS:

United States:
Jill Mastrangelo
LORD Corporation
919-342-2257
[email protected]

SOURCE LORD Corporation