LORD Corporation, a global diversified technology and manufacturing company, has achieved $1 billion in sales.
“Becoming a $1 billion company is a significant milestone for LORD. We appreciate the collaborative relationships we have with our customers and partners – relationships that have enabled us to achieve new heights,” said Ed Auslander, President and CEO, LORD Corporation. “Every team member at LORD is dedicated to creating innovative solutions and technologies that add value for our customers. This is our passion and will continue to position us for additional growth in 2019 and beyond.”
“LORD had a momentous year in 2018,” shared Auslander. “Not only did we win our biggest contract in company history with Boeing; we also celebrated growth across the globe, including an $80 million investment to expand our Saegertown, Pa. facility and the opening of a $12 million state-of-the-art manufacturing facility in Pont de l’Isère, France.”
LORD has set itself apart from competitors through a deep understanding of customer desires and challenges. “We are proud of reaching $1 billion,” added Auslander. “But this is just the beginning of making the impossible real for our customers.”
The company has grown into a global enterprise with more than 3,000 employees in 26 countries. Through ever-changing marketplaces and economic climates, LORD has persevered, pivoting its strategy when needed to align with customer expectations, as well as industry trends. This has enabled significant growth for the company in key industries such as aerospace, automotive, oil & gas, and industrial.
AirAsia Cambodia has announced its readiness to commence operations with flights to three domestic destinations: Phnom Penh, Siem Reap, and…
IAE International Aero Engines AG (IAE) consortium, consisting of Pratt & Whitney, Pratt & Whitney Aero Engines International GmbH, Japanese…
Israel Aerospace Industries (IAI) and the Czech Ministry of Defence (MoD) have recently inked a contract aimed at ensuring the…
Vietnam Airlines will introduce the Airbus A350 from New Delhi to Vietnam from May. This marks the official launch of…
Collins Aerospace recently delivered the first seating shipment from its Tanauan City, Philippines facility to Airbus. The delivery of the…
Lockheed Martin has extended its collaboration agreement with Navantia, Spain’s defense and shipbuilding company and naval Combat System Integration agent.…
The U.S. Army recently successfully demonstrated Lockheed Martin’s next-generation Extended-Range GMLRS (ER GMLRS) against a target set at White Sands…
SalamAir, Oman's first low-cost carrier, inaugurated its latest office in Baghdad on March 9th, 2024, marking the airline's expansion in…
Cyberani, a subsidiary of Saudi Aramco in the national cybersecurity sector, signed a partnership with Thales to address the cybersecurity…
Ada-class corvette manufactured by the Turkish defence company Savunma Teknolojieri Muhendislik (STM), appeared to have won the bid for Malaysia’s…
Naval Group has been chosen by The Netherlands Ministry of Defence to spearhead the Replacement Netherlands Submarine Capability project with…
Air Astana anticipates a prosperous 2024, with robust growth in passenger numbers and capacity amidst sustained demand for air travel.…
The Airbus-built EUTELSAT 36D geostationary telecommunications satellite has been shipped from Toulouse, France to Sanford, Florida, on board an Airbus…
SAMI-AEC concluded its successful participation at LEAP 2024, a global technology event held at the Riyadh Exhibition and Convention Center…
Embraer Defense & Security and ST Engineering announced a collaborative agreement on Thursday (Mar. 14). The agreement is aimed at…
Israel Aerospace Industries (IAI) achieved record-breaking sales of about USD 5,327 million in 2023, with its order backlog soaring to…
Orbit Communications Systems Inc., a global provider of maritime and airborne SATCOM terminals, tracking ground station solutions, and mission-critical airborne…
Dynamatic Technologies Limited announced a new partnership with Deutsche Aircraft, a German original equipment manufacturer (OEM) headquartered in Munich, Germany…
The Spanish government has awarded Rheinmetall a contract worth approximately €208 million to supply 94,200 155mm rounds. Rheinmetall is scheduled…
Singapore's SIA Engineering Company Limited (SIAEC) announced the expansion of the scope of its Services Agreement with Scoot to include…
dnata, a global air and travel services provider, has achieved accreditation from the International Air Transport Association (IATA) for its…
Embraer-X and Greentown Labs are partnering to mobilize climate solutions and accelerate the future of sustainable aviation. The announcement was…
Italian defence major Leonardo's Industrial Plan 2024-2028 envisages the transformation of the Group's business model from defence to security with…
Fincantieri and the Qatar Emiri Naval Forces (QENF) signed a Memorandum of Understanding (MoU) at the recently concluded-DIMDEX 2024 to…
AirAsia Malaysia has announced the resumption of services from Kuala Lumpur to Pattaya, Thailand, starting from June 17, 2024, with…
Indonesia’s Directorate General of Civil Aviation, Ministry of Transportation (Kemenhub), has awarded BBN Airlines Indonesia an additional Air Operation Certificate…
Akaer has been chosen by German aircraft manufacturer Deutsche Aircraft to produce the forward fuselage of the D328eco, a sustainable…
Terma has announced the successful installation of five SCANTER 5602 Enhanced Surface Movement Radars (eSMR) at Doha airports. Comprising four…
India on Monday successfully carried out the first flight test of intercontinental ballistic missile Agni-5 with Multiple Independently Targetable Re-entry…
Oman's low-cost airline, SalamAir has announced the revival of two sought-after summer destinations, Baku in Azerbaijan and Almaty in Kazakhstan,…
Headquartered in Singapore with reporters spread across all major regions, GBP Aerospace & Defence is a leading media house that publishes three publications that serve the aerospace and defence sector - Asian Defence Technology, Asian Airlines & Aerospace and Daily News. Known industry-wide for quality journalism, GBP Aerospace & Defence is present at more international tradeshows and exhibitions than any other competing publication in the region.
For over three decades, our award-winning team of reporters has been producing top-notch content to help readers stay abreast of the latest developements in the field of commercial aviation, MRO, defence, and Space.
Copyright 2024. GBP. All Rights Reserved.
Home Defence & Security Space Commercial Aviation Maintence Repair & Overhaul Daily News Events About Us
2024 GBP all rights reserved.