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Technology Stocks : ATPX: Lunn Industries and Technical Products Group merge. -- Ignore unavailable to you. Want to Upgrade?

To: Charles Harris who wrote (1451)	3/20/1998 9:30:00 PM
From: Sergio H	Read Replies (1) \| Respond to of 1923

I found an interesting article about the ATPX/GE relationship. Note at the bottom of the article the URL for Composite News Website. Membership is free and there's a wealth of information there. ATP's Marion Composites Division and GE Announce Long-Term Production Alliance ÿ 03/16/98 Composites News: Infrastructure Copyright 1998 Information Access Company. All rights reserved. ÿ Marion Composites, a division of Advanced Technical Products, Inc. (Nasdaq: ATPX ) of Atlanta, Georgia, and GE Aircraft Engines, announced today that they have entered into a long-term production alliance. Under the terms of the agreement, Marion Composites will fabricate composite inlet devices for the GE F414-400 turbofan engine, powering the U.S. Navy's newest fighter, the F/A 18E/F "Super Hornet". The U.S. Navy, as stated in the Department of Defense's Quadrennial Defense Review, plans to procure a minimum of 548 F/A 18E/F aircraft, each requiring two inlet devices. The initial agreement, covering the first five years of the GE/Marion production alliance, estimates an average of one inlet device per month in 1999, increasing to nine or more per month over the remaining life of the contract. "This production alliance is proof of our dedication to building relationships with industry leaders through lifetime contracts," stated Jim Carter, president, chairman and CEO of Advanced Technical Products. Developed by GE specifically for the engines on the F/A-18E/F, the inlet devices are currently in initial low-rate production at GE and will transition to Marion Composites' facility in Marion, Virginia, over the next year. The aircraft, produced by The Boeing Company, is currently undergoing a U.S. Navy flight test program. Marion Composites also designs radomes and produces a wide variety of composite structures for high performance jet aircraft and shelter systems. Advanced Technical Products (built on a core of businesses bought from Brunswick Corporation) designs, develops and manufactures advanced composite-based materials and products from high strength fibers (such as carbon fibers) which optimize strength-to-weight performance. The company is one of a very few that has the ability to utilize multiple processes such as autoclave lamination, filament winding, resin transfer molding, and metal bonding, to produce products for aerospace and defense markets. In addition, ATP units produce composites for commercial applications including oil and gas systems, and pressure vessels for natural gas vehicles (NGVs). Further details and contact information are available by visiting the Composites News SuperSite on the Web, at www.compositesnews.com.