Feb 10 2014
Standex International Corporation today announced that Spincraft, the Company’s engineered products metal fabrication business unit, has received a multiyear contract from United Launch Alliance (ULA), a joint venture of Boeing and Lockheed Martin, to produce one-piece fuel and oxygen tank domes for ULA’s Atlas V and Delta IV launch vehicle programs.
The contract runs through 2016 and is valued at nearly $36 million. It carries an additional two-year option valued at $15 million.
Under the terms of the agreement, Spincraft will produce the single-piece fuel and oxygen tank domes for the Atlas V and Delta IV rockets, which are used to deploy navigation, telecommunications, weather, and national security satellites for customers such as the Department of Defense, NASA, and the National Reconnaissance Office. The new contract, which begins in 2014, builds on Spincraft’s current tank dome contract with ULA. This contract realizes key cost reductions for ULA and has yielded higher demand that is expected to increase Spincraft’s volume by 25% during this contract period.1
“This new contract for the single-piece fuel and oxygen tank domes demonstrates the critical importance of our products to both Atlas V and Delta IV Launch Vehicles.,” said Len Paolillo, President of Standex’s Engineering Technologies group. “Our vertically integrated facility in North Billerica MA provides our customer the forming technologies we have developed and improved over the years, along with all the other essential downstream processing required to provide a robust and cost effective solution on their tank components. We are excited about the continued opportunity and confidence United Launch Alliance has in Spincraft on these strategically important programs.”
Source: http://www.standex.com