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Friday, July 25, 2008
LAI Wins Contract for New Gas Turbine Product Launch
Comtex
SCOTTSDALE, Ariz., July 25, 2008 /PRNewswire via COMTEX/ ----LAI International, Inc., a strategic supplier of precision components and sub-assemblies for original equipment manufacturers, announced it has won a manufacturing contract to produce precision-machined gas turbine components.
Under the agreement, LAI received awards for processing first-stage nozzles for the product launch of an upgraded gas turbine for a major power generation OEM. LAI is contracted to complete more than 40 of the sub-systems by September.
"We are reviewing our capacity needs for multiple-year production based on the customer's projections," John Rogers, vice president of operations for LAI, said.
LAI uses a combination of its design for manufacturability systems, process-centric approach and advanced five-axis machining methods to develop the advanced turbine nozzles. The new nozzle design enhancements eliminate thermal distortion, and improve output, efficiency and reliability.
"LAI's ability to compress production cycles with our advanced Drill-to-Flow Technology helps facilitate this rapid product launch," Darcy Dodge, director of power generation products for LAI, said. "This project also enables LAI to continue penetrating the power generation market, leveraging our manufacturing technologies, Six Sigma processes and advanced inspection methods."
About LAI International
LAI is the premier manufacturer of precision engineered components and assemblies for aerospace, power generation, defense and other advanced technology industries. The company is a major supplier of finished goods. Its technology, engineering and manufacturing solutions are the lifeblood of airframes, aircraft engines, power generators, defense systems and other mission-critical applications. LAI is the largest precision contract manufacturer in its class with the fastest growth as ranked by Inc. Magazine.
LAI has longstanding and strategic relationships with all leading global players in every area of their operations, including Boeing, Eaton, GE, Lockheed Martin, Northrop Grumman, Pratt & Whitney, Rolls-Royce, Siemens, Timken, and more than 70 percent of Fortune 500 global manufacturers.
LAI operates five manufacturing facilities, dispersed in key manufacturing regions across North America, with locations in Minneapolis, Phoenix, Tucson, Westminster, Md., and Scarborough, Maine -- all of which are ISO 9001:2000 and AS9100 certified. The company also offers NADCAP certified non-conventional machining processes.
For more information, see http://www.LAIco.com. Quick Facts: LAI International, Inc. Founded: 1979 Five U.S. mfg. facilities: Phoenix, Tucson, Minneapolis, Westminster, Md., and Scarborough, Maine Headquarters: Scottsdale, Ariz. All facilities ISO 9001:2000 | AS9100 certified An Inc. 5,000 fastest-growing company
SOURCE LAI International, Inc.
http://www.laico.com
Copyright (C) 2008 PR Newswire. All rights reserved
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No, it's not a dance craze. Contago is a condition of supply and demand, essentially a fancy word to say that prices for items, typically commodities, are cheaper now than they would be at some point down the line.
Anything that¿s sold in the futures market can be in a case of contango. Futures are exactly that: a contract to buy an item or asset at a price in the future. This is the case with oil, with traders buying and selling contracts to acquire a barrel of oil in months down the line. When a market is in contango, spot prices, or the price of a commodity if you were to buy it right now, are lower than forward prices.
Why is that important? Well, it usually tells you the supply of a given commodity is plentiful (since, according to Economics 101, a large supply usually leads to cheap prices).
Incidentally, if you think contango is a mouthful, its opposite condition is known by the equally tongue-tying term backwardation.
