4th Nov 2008 07:00
4 November 2008
Umeco Secures Major US Supply Chain Contract with ATK
Umeco plc ("Umeco"), an international provider of supply chain and advanced composite materials primarily to the aerospace & defence industries, announces that Pattonair USA ('Pattonair') has signed a major five year supply chain contract with ATK Tactical Propulsion and Controls Division ('ATK'), part of Alliant Techsystems Mission Systems Group.
Pattonair will provide a Direct-To-Line-Feed solution for production parts, as well as assuming other supply chain management functions for ATK facilities in West Virginia and Maryland. In order to service the contract, Pattonair will establish an 80,000 square foot distribution centre in Allegany County, MD near the ATK facility in West Virginia.
Clive Snowdon, Chief Executive, Umeco plc, said: "We are delighted ATK have chosen Pattonair, as we continue to grow our presence in the US supply chain market. This contract win is a further endorsement of Pattonair's ability to significantly enhance the supply chains within aerospace and defence companies around the World.
"Umeco Supply Chain continues to see growth in the UK, Europe and US, and has a healthy pipeline of significant potential contracts from both current and prospective customers."
- Ends -
Umeco plc has today announced its interim results for the six months to 30 September 2008. Please see the statement on RNS or the Umeco website.
For further information, please contact:-
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Umeco plc |
Tel: +44 (0) 1926 331 800 |
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Clive Snowdon, Chief Executive Doug Robertson, Finance Director www.umeco.com |
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Hogarth Partnership |
Tel: +44 (0) 20 7357 9477 |
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John Olsen Barnaby Fry Vicky Watkins |
Further Information on Umeco plc
Umeco is a leading innovator in distribution and supply chain management to the aerospace and defence industries, harnessing new methods for enhancing its customers' performance and profitability. Umeco also has significant manufacturing interests in advanced composite materials for a growing range of applications in its core aerospace and defence markets and in other high performance technology industries such as motor sport, automotive and wind energy.
Listed on the London Stock Exchange, Umeco had revenue from continuing operations of £335.2 million in the year to 31 March 2008.
Umeco is managed through two business streams:-
Umeco Composites - a provider of a complete range of advanced composite materials principally to the aerospace, motor sport, automotive and wind energy markets.
Customers include Boeing, Airbus, BAE Systems, manufacturers of wind turbines, a number of manufacturers of high performance super cars and Formula 1 teams including Team McLaren Mercedes.
Umeco Supply Chain - a leading international provider of value-added distribution and supply chain outsourcing services to customers in the aerospace & defence market. With its specialisation in the supply of small and medium value components and sophisticated IT systems, its growing global customer base can enjoy significant operational, cost and working capital benefits.
Customers include Rolls-Royce plc, BAE Systems, Safran Group, Parker Aerospace, Goodrich, Thales Aerospace, Turbomeca, Lockheed Martin and the US Department of Defense.
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