FORT WORTH, Texas, Sept. 3 /PRNewswire-FirstCall/ -- Lockheed Martin
(NYSE: LMT) has entered a Department of Defense Mentor-Protege Agreement
with Aegisound, LLC, of Blacksburg, Va., and will assist the company as it
becomes a supplier of advanced hearing-protection devices for military
high-noise environments, such as Naval carrier launch operations.
In the Mentor-Protege relationship, Lockheed Martin Aeronautics will
help Aegisound, a Historically Underutilized Business Zone (HUBZone)
company, develop its capabilities for defense, aerospace and commercial
markets during a three-year period, working through the U.S. Navy
Mentor-Protege office.
"We are committed to providing opportunities to small businesses. They
bring innovation and creativity, and a focus on cost, schedule and quality
-- essential elements of meeting our customers' requirements," said Gary
Bailey, vice president of Material Management for Lockheed Martin
Aeronautics. "Lockheed Martin will work toward developing Aegisound into a
first-class supplier, capable of producing the most sophisticated hearing
protection devices available today," Bailey said.
Aegisound's hearing-protection devices, developed for the F-35
Lightning II program, resemble stereo headphones but employ
state-of-the-art active-noise-reduction technologies. The next-generation
devices will replace legacy hearing-protection devices that are based on
50-year-old technology. The new devices will be worn on deck by aircraft
carrier personnel during catapult launches and maintenance activities.
Hearing protection devices have been standard equipment on flight decks for
decades.
"Aegisound is honored to have the opportunity to participate in the
Lockheed Martin Mentor-Protege program," said Dr. Gary Gibbs, chief
operating officer of Aegisound.
As part of the Mentor-Protege initiative, Lockheed Martin will team
with Morehouse College, a Historically Black College/University. The
Morehouse College Entrepreneurship Center in Atlanta, Ga., will join with
Lockheed Martin to provide training, mentoring and consultancy to
Aegisound.
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 2007 sales of $41.9 billion.
F-35 and Lightning II are trademarks of Lockheed Martin Corporation.
For additional information, visit our Web site:
http://www.lockheedmartin.com
SOURCE Lockheed Martin Aeronautics Company
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CONTACT:
Media, John R. Kent of Lockheed Martin,
+1-817-763-3980, john.r.kent@lmco.com
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