Tucson, Arizona, November 30, 2010 – Sargent Aerospace & Defense, a leading supplier of precision engineered components and aftermarket services, and an operating company within Dover Corporation’s (NYSE: DOV) Industrial Products Segment, released information today regarding the formation of a New Product Introduction (NPI) department to identify and manage emerging aircraft repair opportunities.
“The creation of Sargent’s New Product Introduction department is the latest tangible commitment we’ve made to leverage our engineering expertise as a trusted original equipment manufacturer to grow our Aftermarket Services business,” said Scott Still, president, Sargent Aerospace & Defense.
Since the NPI initiative was launched a few months ago, the department has already added more than 60 new repair capabilities to Sargent Aftermarket Services, benefitting at least ten launch customers. Additional capabilities continue to be added at the rate of six to ten per month, including component repairs for Airbus A320, Boeing 737NG and 777 aircraft families.
Kevin Connelly, vice president of aftermarket services, noted, “As operators of newer Airbus, Boeing and other aircraft require additional maintenance, repair and overhaul services, Sargent will be there to understand their needs and expand our portfolio of capabilities.”
Thanks to ongoing investment and modern facilities in Miami, Florida and Franklin, Indiana (each certified by the FAA, EASA and CAAC of China), the company is able to repair more than 28,000 components, offer inventory and asset management solutions, and provide a rotable pool of components, line-replaceable units and high-value systems. This business model is ideal for low-cost carriers and other airlines that generally outsource aircraft repair, rather than maintain such capabilities in-house.
About Sargent. Founded in 1920, Sargent Aerospace & Defense is a premier global supplier of precision-engineered customized components as well as flight-critical aftermarket aviation services. Leveraging 90 years of expertise, Sargent directly contributes to the safe operation of countless commercial and military aircraft and rotorcraft, submarines and land-based vehicles. Sargent’s continuing investment in people, assets, technology and process quality ensures excellence and is integral to the company’s commitment to customers and their end-users. For more information, visit www.sargentaerospace.com
About Dover Corporation. Dover Corporation is a global portfolio of manufacturing companies providing innovative components and equipment, specialty systems and support services for a variety of applications in the industrial products, engineered systems, fluid management and electronic technologies markets. For more information, please visit www.dovercorporation.com
