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MAG Maintenance Selected by Lockheed Martin

August 20, 2008
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HEBRON, KY, August 8 - MAG Maintenance Technologies has been awarded a purchasing agreement by Lockheed Martin that covers global service and support of manufacturing equipment, enables lean efficiencies and economies, and provides a schedule of discounts to Lockheed Martin as the volume of work increases.

The program, effective earlier this year, is global in two respects. First, it covers service and support of all manufacturing equipment at major Lockheed Martin locations around the world. Second, the agreement is global in scope of products and services offered, including interactive diagnostic help, preventive maintenance, field service, training, replacement and spare parts, productivity improvements, machine rebuilding, and machine and system relocation and setup. The agreement assures Lockheed Martin of world-class maintenance expertise and coverage, while offering economies of scale.

"This is a key breakthrough," says Gary Finney, director of sales North America for MAG Maintenance Technologies. "Any Lockheed Martin facility can now order any covered service simply by checking off a couple boxes on a one-page form. This can save substantial time and costs at the operating level over lengthy supplier evaluation and bid processes."

The agreement covers the full range of machine tools produced by MAG's family of companies, including over 50 different machine tool legacy brands and Lockheed Martin's large installed base of specialized MAG Cincinnati aerospace machining and composites fabrication equipment. Furthermore, the agreement can extend to non-MAG equipment.

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