Boeing Awards Production Contract to Lovitt Technologies Australia

V-22 Osprey (Wiki Info)

SYDNEY, Australia, February 8, 2012– Boeing [NYSE: BA] today announced it has awarded Lovitt Technologies Australia a contract to manufacture housing assemblies and fittings for the V-22 aircraft. This contract marks the first V-22 parts that will be manufactured in Australia.

"Boeing is committed to strengthening its enduring partnerships in Australia. Working with great companies like Lovitt, we are building lasting value for both Australia and Boeing," said Ian Thomas, president of Boeing Australia & South Pacific. "Over the past four years, Boeing has facilitated more than US$230 million in contracts for Australian industry. This contract is Lovitt Technologies Australia’s latest involvement in Boeing’s global supply chain." 

Work on the contract will begin later this year. Lovitt Technologies Australia also has supported Boeing Aerostructures Australia on defence programs such as the F/A-18 Hornet, and 737 Airborne Early Warning & Control, and on multiple commercial programs.

“This is an important milestone in our long-term partnership with Boeing and we are excited at the opportunity,” said Marcus Ramsay, Lovitt Technologies managing director. “We thank the Defence Materiel Organisation and the Office of Australian Industry Capability for their efforts over the past few years and look forward to the year ahead.”

Lovitt Technologies Australia was identified as a potential supplier by Boeing’s Office of Australian Industry Capability through participation in the Australian Defence Materiel Organisation’s Global Supply Chain Program. Boeing was the first company to join the program in 2007.

During the past 50 years, Lovitt Technologies Australia has evolved with the demands of its customers, and embraced contemporary precision engineering technologies to offer enhanced capabilities in new markets. Today, the company is a provider of precision machined components, parts and assemblies to customer design and specifications particularly within the aerospace and defence industries.

A unit of The Boeing Company, Boeing Defense, Space & Security is one of the world’s largest defense, space and security businesses specialising in innovative and capabilities-driven customer solutions, and the world’s largest and most versatile manufacturer of military aircraft. Headquartered in St. Louis, Boeing Defense, Space & Security is a $32 billion business with 63,000 employees worldwide.

Boeing