Luna Innovations and Lockheed Martin Extend Partnership
15 Dezembro 2020 - 10:30AM
Business Wire
Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in
advanced optical technology, today announced a $6.2 million deal
with Lockheed Martin, further extending a long term relationship
that has resulted in the development of new optical measurement
products that will help to ensure the global fleet of F-35
aircraft, manufactured by Lockheed Martin, are ready for
service.
“The longevity and success of our relationship with Lockheed
Martin is a testament to our mission to accelerate bringing
state-of-the-art products that rely on fiber optics, like the F-35,
to market and recognizes our technical expertise as well as our
employees’ significant contributions to the success of such
critical programs," said Scott Graeff, President and Chief
Executive Officer of Luna. “The foundational work we have done in
the last several years has created the platform and scale to
support the fulfillment of increasingly larger orders.”
Luna supplies various aerospace and defense manufacturers with
products for next-generation aircraft – including the Luna ODiSI
and HYPERION fiber-optic sensing systems and sensors, the Luna
Optical Backscatter Reflectometer (OBR) and Luna terahertz test and
measurement systems for measuring the thickness of stealth
coatings.
In 2018, Luna was recognized by Lockheed Martin as the
Evolutionary Technology Supplier of the year, out of more than
1,900 suppliers globally, acknowledging the company’s exceptional
technology offerings for the support, testing and manufacturing of
the F-35 Lightning II program, one of Lockheed Martin’s largest
aviation initiatives.
The F-35 Lightning II aircraft is in production with over 595
delivered to U.S. and international customers, and a total of over
900 expected to be delivered by 2022. The F-35 fleet has surpassed
345,000 cumulative flight hours with more than 1,170 pilots and
almost 10,000 maintainers having been trained.
The financial impact of this agreement is included in the 2020
financial guidance that we reaffirmed on our November 9th earnings
call and again on the December 3rd announcement of the acquisition
of OptaSense.
About Luna
Luna Innovations Incorporated (www.lunainc.com) is a leader in
optical technology, committed to serving its customers with unique
capabilities in high-performance, fiber-optic-based sensing,
measurement, testing and control products for the aerospace,
transportation, infrastructure, security, process control,
communications, silicon photonics, defense, and automotive
industries, among others. Luna is organized into two business
segments, which work closely together to turn ideas into products:
Lightwave and Luna Labs. Enabling the future with fiber, Luna’s
business model is designed to accelerate the process of bringing
new and innovative technologies to market.
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version on businesswire.com: https://www.businesswire.com/news/home/20201215005380/en/
Media Contact: Jane Bailey
Phone: 540-525-0364 Email: baileyj@lunainc.com Investor Contact: Allison Woody Phone:
540-769-8465 Email: woodya@lunainc.com
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