Press Releases
LOCKHEED MARTIN AWARDS CYTEC ENGINEERED MATERIALS WITH A
MULTI-YEAR CONTRACT
Cytec to Supply Advanced Materials for Production of F-22A and
F-35 Through 2013
February 22, 2006
West Paterson, New Jersey, Cytec Industries Inc. (NYSE: CYT)
announced today that its Cytec Engineered Materials (CEM)
business unit, a global provider of advanced materials for
aerospace, high-performance automotive and other extreme-demand
applications, has been awarded a $750 million requirements
contract with Lockheed Martin (NYSE: LMT) for the supply of
high-performance composite materials used in the manufacture of
two fifth-generation stealth fighters: the U.S. Air Force's
F-22A Raptor and the multinational F-35 Joint Strike Fighter (JSF).
The contract runs through 2013.
Unmatched by any known or projected fighter aircraft or enemy
air defense system, the F-22A will have better reliability and
maintainability than any fighter aircraft in history, according
to the USAF. The Raptor is designed to replace the F-15 air
dominance fighter. The stealthy F-35 is a supersonic, multi-role
fifth-generation fighter designed to replace aging AV-8B
Harriers, A-10s, F-16s, F/A-18 Hornets and United Kingdom
Harrier GR.7s and Sea Harriers. First flight is planned for this
fall.
"Decades of vision, research, hard work and on-site customer
support have resulted in an extensive CEM product portfolio and
qualifications for military programs such as the Raptor and JSF,"
said Cytec Engineered Materials' President Steve Speak.
"Production runs of the F-22A are expected to continue for the
remainder of the decade, with JSF expected to stretch at least
10 years beyond that. Cytec is proud to play a critical,
enabling role in the design and performance of such cutting-edge
military programs."
Among the Cytec products to be supplied to Lockheed Martin are
CYCOM® 5250-4, a bismaleimide (BMI) prepreg known for
performance-enhancing capability at high temperatures,
thermoplastics materials that enhance damage tolerance and
impact resistance; CYCOM® 977-3, a toughened epoxy resin, and
various high-performance adhesive materials.
"Building on our long history of success on military programs
such as the F-14, F-16, F/A-18 and C-17, CEM's scientists and
engineers worked closely with Lockheed Martin and its
subcontractors to develop engineered material solutions that
meet the extremely demanding requirements of the F-22A and JSF
programs," Speak added. "Through a collaborative approach, these
solutions have been optimized to provide the right balance of
performance and affordability. Cytec innovations are among
several technologies that have enabled the exponential leap in
defense capabilities of the Raptor and F-35 aircraft over
previous military aircraft."
Cytec Engineered Materials Corporate Profile
Cytec Engineered Materials is a global provider of
technologically advanced materials for aerospace,
high-performance automotive, launch and other extreme-demand
environments. A business unit of Cytec Industries Inc., (NYSE:
CYT), Cytec Engineered Materials employs more than 1,400 people
at 10 plants and four technology centers in North America and
Europe and is headquartered in Tempe, Ariz., U.S.A. For more
information visit, www.cytecengineeredmaterials.com.
Cytec Corporate Profile
Cytec Industries Inc. is a global specialty chemicals and
materials company focused on developing, manufacturing and
selling value-added products with pro forma sales in 2005 of
approximately
$3.2 billion. Cytec products serve a diverse range of end
markets including aerospace, adhesives, automotive and
industrial coatings, chemical intermediates, inks, mining,
plastics and water treatment. The Company uses its technology
and application development expertise to create chemical and
material solutions that are formulated to perform specific and
important functions for our customers.
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