Lockheed Martin Elevates Evans Capacitor to Platinum Preferred Supplier
ORLANDO, FL, 11/02/2009 --
Lockheed Martin [NYSE: LMT] has elevated preferred supplier Evans Capacitor Company to the Platinum level of Lockheed Martin Missiles and Fire Control's three-tiered Preferred Supplier Program.
The Preferred Supplier Program supports the company's philosophy of building a world-class supply chain that demonstrates excellence as the standard and continuous improvement as the culture. Each of the program's successive categories -- Silver, Gold or Platinum -- exhibits a more stringent level of performance excellence, and furthers the company's philosophy of doing business with the "Best of the Best."
"Evans Capacitor has been a Preferred Supplier since 2007," said Teresa Scanlan, director of Risk Management and Technology Development at Lockheed Martin Missiles and Fire Control. "The company's consistent and excellent performance over the past two years has made them only the fourth supplier to achieve Platinum status out of 77 Preferred Suppliers."
Evans Capacitor entered the Preferred Supplier Program at the Silver level. Since then, they have proven themselves to be a world-class supplier, ensuring 100 percent quality and on-time delivery. As a manufacturer of high density capacitors for defense and aerospace applications, Evans Capacitor is a strategic supplier that supports multiple programs in the Fire Control line of business at Lockheed Martin Missiles and Fire Control. All of Evans Capacitor's products are designed and built in-house to rigorous standards of quality and performance.
Evans hybrid capacitors are used in phased array radar, laser targeting systems, avionics and other mission critical applications. Located in Rhode Island, Evans reported 2008 sales of over $10 million, and has delivered more than 1,300 components to Lockheed Martin this year. In addition to excellence in design and production, Evans employees adhere to Six Sigma principles.
Platinum Suppliers demonstrate superiority through their approach, deployment and results. Platinum-level companies must also show exceptionally well-defined and innovative systems that anticipate customer needs and have superior leadership recognized outside of their company. Additionally, Platinum Suppliers have pervasive and consistent performance across all major areas of both internal and external business, exceeding requirements and producing world-class results.
Earlier this year, Evans was also named a STAR Supplier with Lockheed Martin Electronic Systems business area, of which Missiles and Fire Control is a business unit.
"Evans Capacitor's commitment to excellence and customer satisfaction epitomizes the ideals of the Preferred Supplier Program," Scanlan added.
Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.