LKD Aerospace Signs Worldwide Exclusive Surplus Distribution Agreement
With Ametek Aerospace
E-Commerce Initiatives Key To Building Fast
Growth Distribution Partnerships
July 14, 2000 -- LKD Aerospace
announced today the signing of an exclusive worldwide distribution
agreement for all of Ametek Aerospace’s surplus and excess inventory.
The products will be distributed globally by LKD and featured in LKD
Aerospace’s new e-commerce system. Inventory items also include repair
and overhauled items from Ametek’s Seattle Support Center. The signing
of the Agreement coincides with the recent launch of LKD Aerospace’s new
B2B E-commerce website for the aerospace aftermarket at www.Lkdaerospace.com.
Ametek, a global leader in aircraft instrumentation
and systems headquartered in Wilmington, Massachusetts, offers a wide
range of products and services for the aerospace industry. Products
encompassed by this Agreement include Ametek rotable inventory items, such
as indicators, fuel flow transmitters and other products. They are used on
a wide range of aircraft platforms including heavy and narrow body jet
aircraft, regional jets, turboprops, business jets and helicopters
manufactured by various OEM’s including Boeing, Airbus, McDonnell
Douglas, Lockheed, Embraer, Bombardier, Saab and Gulfstream.
Mark Chamberlain, President
and CEO of LKD, commented, "This is a terrific win for LKD Aerospace.
It brings the quality line of Ametek products to LKD customers and will
enable us to offer a broader range of compelling products and services to
our global customer base. This new Agreement combined with our e-business
initiatives continues to move our strategy forward of establishing a
digitally based global enterprise with the ability to offer a complete
breadth of products and services to the aerospace aftermarket. We look
forward to integrating Ametek’s products into our e-business systems,
which will better serve the supply chain and substantially reduce
transaction costs to our growing list of customers. Our goal is to offer
the best value proposition in the aerospace aftermarket.”
LKD Aerospace distributes
factory new expendables, rotables and surplus inventory to more than 1500
existing customers around the world serving five continents. Customers
include airlines, repair & overhaul facilities, OEM’s and
aftermarket service companies. LKD's products are used on Boeing,
McDonnell Douglas, Airbus, Embraer and Bombardier jet aircraft as well as
Fairchild, Beech and Bombardier turboprop aircraft. LKD has been in
business since 1983.
Earlier in May of this year, LKD launched its new
e-commerce website which features more than 2,000,000 parts than can be
securely searched, priced and bought entirely online with inventory
available in real-time. The site is free and requires users only to
register. In addition to the Ametek agreement, LKD Aerospace has recently
signed several new distribution agreements since the launch of their
e-commerce system. These agreements with original equipment manufacturers
for expendable products include exclusive distribution of Dance Air and
KrisMark Group product lines as well as recent distribution agreements
with Kaddas Enterprises and Eagle Air Engineering. LKD plans to continue
leveraging its unique global distribution capabilities coupled with
continued heavy investment in Information Technology and e-commerce.
Additional growth initiatives include new distribution agreements,
strategic partnering, potential acquisitions as well as the opening of its
first International sales office later this year.
LKD Aerospace is a global leader in aerospace
aftermarket distribution and information services. LKD provides factory
new and surplus expendable and rotable products as well as consignment and
information services. LKD serves major and regional airlines, OEM’s,
repair and overhaul and other members of the aftermarket community
throughout the world. |
