STOCK TITAN

Lockheed Martin Names Goodyear An "Elite Supplier"

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary

The Goodyear Tire & Rubber Company (NASDAQ: GT) has been awarded the Elite Supplier designation by Lockheed Martin Aeronautics for its contributions to the F-35 Lightning II program. This honor recognizes Goodyear as one of the top 1% of Lockheed's 1,400 suppliers, highlighting its reliability and quality in delivering parts on time. The award reflects Goodyear's commitment to elite customer service and strong partnership with Lockheed Martin, emphasizing effective problem-solving and alignment of values.

Positive
  • Recognition as an Elite Supplier by Lockheed Martin enhances Goodyear's credibility in the aviation sector.
  • Awards given only to the top 1% of suppliers indicate a strong competitive position.
Negative
  • None.

AKRON, Ohio, Oct. 29, 2020 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) is proud to announce that it has recently been named an Elite Supplier by Lockheed Martin Aeronautics Company. This award is reserved for the top one percent of Lockheed's more than 1,400 suppliers and was given to 20 suppliers in 2019. Goodyear was recognized for its contributions to the F-35 Lightning II program.

"This award is a testament to the hard work of our associates to deliver elite customer service every day," said David Barnette, General Manager, Aviation. "It is also a recognition of our capabilities and the value we strive to deliver to all of our customers across the aviation sector."

Suppliers are recognized with the Elite Supplier Award based on a variety of factors, including delivering reliable, quality parts, products and services on time; the alignment of supplier's values with Lockheed Martin values; and a track record of proactively solving problems.

"Lockheed Martin's supply chain is a vital part of building and delivering aircraft on time, with zero quality defects," said Janet Duffey, Lockheed Martin Aeronautics vice president for supply chain management. "Through our strong partnership with suppliers, we are collectively able to operate effectively in a resilient environment and perform with excellence to meet our customer's needs. This award recognizes and honors the commitment and performance from our top suppliers."

For more information about Goodyear's latest innovations in aviation tires, visit www.goodyearaviation.com.

About The Goodyear Tire & Rubber Company

Goodyear is one of the world's largest tire companies. It employs about 62,000 people and manufactures its products in 46 facilities in 21 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate.

About Lockheed Martin

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 110,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. For additional information, visit our website: www.lockheedmartin.com.

Please follow @LMNews on Twitter for the latest announcements and news across the corporation.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/lockheed-martin-names-goodyear-an-elite-supplier-301162764.html

SOURCE The Goodyear Tire & Rubber Company

Goodyear Tire & Rubber

NASDAQ:GT

GT Rankings

GT Latest News

GT Stock Data

2.45B
262.80M
7.68%
86.94%
7.92%
Auto Parts
Tires & Inner Tubes
Link
United States of America
AKRON