LKD
Aerospace Signs Global Stocking Distribution Agreement With Britax
Agreement
Continues Rapid Expansion of Factory New and Surplus Expendable
Product Offerings Available Via ‘State-of-the Art’ B2B
E-Commerce Website
October
31, 2000
-- LKD Aerospace announced today the signing of a domestic and
international stocking
distribution agreement for Britax's factory new
and surplus products for the aftermarket. The products will be distributed
globally by LKD and featured in LKD Aerospace’s state-of-the-art
B2B e-commerce storefront at www.Lkdaerospace.com.
The signing of the Agreement marks a milestone for LKD as it has now
signed several agreements with manufacturers this year and is now able to offer thousands of factory new expendables and surplus
rotables for most major aircraft platforms. The new product offering
includes expendable items that are used on narrow and heavy body
commercial jets and turboprop aircraft.
Britax, located in Bellingham, Washington, is a market leader
in the design and manufacture of innovative aircraft interior
products and solutions for the OEM and refurbishment markets.
Products encompassed by this Agreement include interior expendable
inventory items such as: door panels, lavatories, sidewalls, latches,
bins and
other products. They are used on a wide range of aircraft platforms
manufactured by various OEM’s including Boeing, McDonnell Douglas,
Lockheed and Bombardier.
Charlie
Seaton, President of Britax, said, “We believe this
agreement will expand our aftermarket opportunities, especially
within the MRO sector and other related areas. LKD’s reputation
for service and leading B2B e-business services, along with our
customer history with them were key elements in our decision making
process.”
The
agreement encompasses the territories of North America, Asia,
Europe, Middle East, Australia and Africa. The agreement excludes
Britax key airline accounts.
Mark Chamberlain, President and CEO of LKD, stated,
"This is an absolute terrific win for LKD Aerospace and our
customers. It brings the quality line of Britax interior products to LKD customers and will enable us to offer
a full range of compelling products and services to our global
customer base. We look forward to fully integrating Britax’s products into our e-business systems, which will better
serve the supply chain and substantially reduce transaction costs to
our growing list of more than 1700 customers worldwide.”
Chamberlain added, “This new Agreement complements many
new distribution agreements signed earlier this year and moves us
another step forward in LKD's aggressive growth strategy. Combined
with our e-business initiatives, recent acquisition of BMR Aviation
in Canada and opening of our India sales and software development office, LKD
is enhancing its position as an aftermarket leader for customers
throughout the world. Our goal is to offer the best value
proposition in the aerospace aftermarket. We are better positioned
now than anytime in our history to execute our strategy of becoming
a leading digitally-based global enterprise with the ability to
offer a complete breadth of products and services to the aerospace
aftermarket.”
Earlier
this summer, LKD also signed an exclusive distribution agreement
with Ametek Aerospace for surplus and rotable products as well as
stocking distribution agreements with Eagle Air Engineering, Kaddas
Enterprises, Dance Air and other manufacturers. In May of this year,
LKD launched its new B2B e-commerce website which features more than
2,000,000 parts that 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. 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 and acquisitions as well as the expansion of
its international representative network.
LKD
Aerospace distributes factory new expendables, rotables and surplus
inventory to more than 1700 existing customers around the world
serving six continents. LKD also offers exchange, consignment and
information services through its B2B website at www.Lkdaerospace.com.
Customers include major and regional 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.
For
More Information Contact:
LKD Aerospace
Marketing and Communications LKD
Aerospace, Inc.
1125 12th Ave. NW, Suite B-5
Issaquah, WA 98027-8966 USA
