LKD Aerospace Signs Exclusive Stocking Distribution Agreement
With Expendable Manufacturer
Hundreds of Additional Expendable Products
Broaden Product Line Offering Via E-Commerce Website
September 9, 2000 -- LKD Aerospace
announced today the signing of a new exclusive stocking distribution
agreement with expendable product manufacturer Eagle Air Engineering. These factory-new parts for the aftermarket 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 new product offering includes expendable items that
are used on narrow and heavy body commercial jet aircraft.
A leader in aircraft
expendables for the aftermarket, Eagle Air Engineering currently
manufactures more than
500 individual products that are represented by the stocking distribution
agreement. Products
encompassed by this Agreement include seals, gaskets, window shades and other
expendable items. They are used on
a wide range of aircraft platforms including the entire fleet of Boeing
and Boeing-MD aircraft from the DC-9 through the B-777.
Lynn Faul, President of Eagle Air Engineering, stated,
"We are excited to sign this stocking distribution
agreement with LKD Aerospace. With LKD's existing global distribution
channels and industry leading e-commerce storefront for the aircraft
aftermarket, we believe we will be able to dramatically increase sales and
concentrate on what we do best...manufacture high quality products for
the aftermarket."
LKD Aerospace also announced the signing of another expendable stocking
distributorship agreement with Kaddas Enterprises. Kaddas is a leading
manufacturer of airplane demister equipment including filter canister
assemblies and components used on the Boeing 747-400, B767 and B777
aircraft. LKD will be the preferred stocking distributor for Kaddas'
aerospace products.
Bob Hartman, General Manager, commented, "LKD Aerospace has been a
growing customer of Kaddas and we are pleased to expand our business
relationship. Our product sales and customer base are
expected to greatly increase with their targeted marketing, large levels
of inventory and e-business
capabilities."
Mark Chamberlain, President
and CEO of LKD, commented, "These new stocking distributorship
agreements will greatly add to the product offerings at LKD. We are proud
to be the stocking distributor for these two great manufacturing
companies and look forward to offering these products to our growing list
of customers around the world. This also represents another step forward
in LKD's aggressive growth strategy. Combined with our e-business
initiatives, recent acquisition of BMR Aviation 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.”
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 Dance Air and
KrisMark Group. 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. 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 opening of its second International sales office later this summer.
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. 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.
|
