Lockheed Martin Aeronautics Company to Expand Formtek Implementations in Support of Company-Wide Standard Engineering Data Management and Engineering Change Management InitiativesWASHINGTON—(BUSINESS WIRE)—Nov. 10, 2003— Formtek, Inc., a leading provider of Enterprise Content Management (ECM) software and implementation services, announced today that Lockheed Martin Aeronautics Company has signed an agreement to expand the deployment of the Formtek | Orion product suite.
The agreement expands company-wide the use of the Formtek | Orion content management software to support a standard for management of and access to engineering information, and expands the use of the Formtek | Orion Workflow in support of a standard for engineering change management.
Prior to this agreement, Formtek's implementations within Lockheed Martin Aeronautics supported enterprise users across multiple programs, partners, suppliers and customers. These implementations have supported applications encompassing technical information management, proposal management, factory floor access, delivery of contractually required data, and engineering change request processing. This expanded agreement provides for expansion of the existing Formtek implementations within Lockheed Martin Aeronautics, as well as deployment of Formtek licenses and solutions to additional aircraft programs.
"We recently identified a requirement for a company-wide standard process and solution for the management of engineering information and for engineering change management," noted Ron Best, Site Lead with the Lockheed Martin Aeronautics, Enterprise Data Management Systems, Strategic Planning initiative. "Formtek | Orion and Formtek | Orion Workflow were providing such capabilities on the F-16, F/A-22, and C-130J programs. These were proven systems, in production use, providing significant reductions in person-hours and cycle times, and significant return on investment. As a result, we've chosen to expand the use of the Formtek | Orion products to a number of our other aircraft programs."
"Formtek has been working with, and providing solutions to, a number of Lockheed Martin's most prestigious domestic and international programs for many years now," said Dennis Scanlon, COO of Formtek. "Within Lockheed Martin Aeronautics, we have had solutions in production on the F-16 and F/A-22 Programs since the mid-1990s. Our systems work. They're secure, they're scalable, and they provide proven benefits. We are very pleased that Lockheed Martin Aeronautics Company has recognized this performance, and chosen to expand the use of Formtek's software products and solutions to additional programs."
About Lockheed Martin Aeronautics. Lockheed Martin Aeronautics Company, a business area of Lockheed Martin, is a leader in the design, development, systems integration, production and support of advanced military aircraft and related technologies. Its customers include the military services of the United States and allied countries throughout the world. Products include the F-16, F/A-22 Raptor, F-35 Joint Strike Fighter, F-117, T-50, C-5, C-27J, C-130, C-130J, P-3, S-3 and U-2.
Headquartered in Bethesda, Maryland, Lockheed Martin Corporation employs about 125,000 people worldwide and is principally engaged in the research, design, development, manufacture and integration of advanced technology systems, products and services. The Corporation reported 2002 sales of $26.6 billion.
About Formtek. Formtek Inc. provides secure and scalable Enterprise Content Management software and implementation services to worldwide customers and partners in manufacturing, aerospace, defense, telecommunication, utility and government. Formtek software provides discriminating features in the areas of security, storage, scalability and integration capability and is readily used for applications of document management, content management, digital asset management and collaboration. Formtek is headquartered in Washington, DC with offices in California and Pennsylvania. For more information, please visit www.formtek.com.
Formtek, Washington Dennis M. Scanlon, 925-658-0922 or Bernadine Bacon-Irwin, 202-452-6923