May 28, 2014
Lord Corporation unveils aerospace business growth strategy for Europe
LORD Corporation – a leader in the management of vibration, noise and motion control – announced a plan for significant investments in Europe in support of commercial aerospace clients and the industry. Responding to customer demand for new innovation and risk sharing partners, the updated strategy focuses on technological innovation, acquisitions and further development of the aftermarket base. Already a strong solutions partner in the European OEM (Original Equipment Manufacturer) rotary wing sector where its noise, vibration and motion control technologies are integral to a number of major helicopter programmes, the LORD aerospace strategy for Europe seeks to support the demand for risk sharing innovators in the commercial fixed wing supply chain. LORD Corporation already collaborates with major European Aerospace leaders, including Airbus Group, SAFRAN Group, Finmeccanica Group, Dassault, Pilatus, and SAAB. The product range for fixed wing platforms includes engine attachment systems, passive and active motion and vibration control, noise mitigation solutions, and specialty chemicals such as lightning strike protection for composite aircraft. A key element of this strategy is a European acquisition programme to add resources, technologies and capabilities to the LORD Corporation offering. Following this year’s acquisition of New York-based Stellar Technology, Inc. and Vermont-based MicroStrain two years earlier, European acquisitions are being actively pursued in the low to mid-cap size bracket to provide further platforms delivering new customer solutions.