Lockheed Martin Purchases Over $1 Million of FiberSIM Software

VISTAGY software for design of composite components helps Lockheed Martin meet affordability goals for F-35 Joint Strike Fighter program

WALTHAM, Mass., October 16, 2002 - VISTAGY, Inc., the leading developer of computer-aided-design (CAD) integrated software for composite design and manufacturing, announces additional sales of over $1 million of FiberSIM(tm) software to Lockheed Martin Aeronautics Company (Fort Worth, Texas), (NYSE: LMT). The purchase expands Lockheed's use of FiberSIM as a Tool of Choice for the F-35 Joint Strike Fighter (JSF) program, the largest defense contract in U.S. history. FiberSIM software has also been purchased by JSF partners BAE SYSTEMS and Northrop Grumman.

The F-35 JSF is a stealthy, supersonic, multirole fighter plane designed for the U.S. Air Force, Navy and Marine Corps, as well as the U.K. Royal Air Force, Royal Navy and the militaries of numerous allied nations. It will replace a wide range of aging fighter and strike aircraft. To meet strict affordability targets in the JSF program, Lockheed Martin has established a virtual product development environment in which engineers simulate every design and manufacturing process prior to tool creation and physical prototyping. Within this virtual design environment, FiberSIM software provides simulation and analysis capabilities that reduce the cost of composite parts. The JSF employs a higher percentage of composites than previous fighters.

"Lockheed Martin originally purchased FiberSIM in 1996 as part of our initiative to implement best-in-class software tools for the Joint Strike Fighter program," says Mike Henson, software product manager for Lockheed Martin. "Since then, we have worked actively with VISTAGY to merge FiberSIM with our other engineering software and processes. Lockheed Martin's goal is to integrate the most productive composites design and manufacturing tools available."

"Lockheed Martin tested FiberSIM tools for the Joint Strike Fighter program while designing an auxiliary inlet duct," says Steve Luby, president and CEO of VISTAGY, Inc. "Using the software, they were able to cut engineering and manufacturing time for the part by more than half. Since then, Lockheed Martin has increased its reliance on composite materials in the JSF program and realized additional savings using FiberSIM."

The FiberSIM suite of tools is instrumental in the design and production of composite parts at most major commercial and military aerospace manufacturers as well as many high-performance automobile and boat builders. FiberSIM software automates the design process, assesses the producibility of a part, and generates manufacturing information to interface with automated cutters, laser projectors, and fiber placement machines. The software enables users to drive all aspects of preliminary design, analysis, detailed design, and manufacturing from within the CAD environment. XML tools in FiberSIM allow engineers to share design data with other applications throughout the enterprise, such as software for procurement, quality assurance and manufacturing.

About Lockheed Martin 

Lockheed Martin Aeronautics Co., headquartered in Fort Worth, Texas, is a leader in the design, development, systems integration, production, and support of advanced military aircraft and related technologies. Its customers include the military services of the United States and allied countries throughout the world. Products include the F-16, F-22, F-35 JSF, F-117, C-5, C-130, C-130J, P-3, S-3 and U-2.

Lockheed Martin Corp., headquartered in Bethesda, Md., is a global enterprise principally engaged in the research, design, development, manufacture, and integration of advanced technology systems, products, and services. Employing about 125,000 people worldwide, Lockheed Martin had 2001 sales of $24 billion.

About VISTAGY 

VISTAGY, Inc., founded in 1991 as Composite Design Technologies, Inc., develops software that integrates sophisticated tools for engineers into popular CAD systems. Customers for VISTAGY software include more than 100 companies worldwide in the aerospace, high-performance automotive, sporting goods, medical equipment, and marine industries. VISTAGY empowers engineers with software that increases productivity, improves communication, and enables manufacturing organizations to make more-informed decisions. The company offers training and consulting to engineering organizations that wish to integrate their design and manufacturing tools. 

www.vistagy.com

 

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