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Lockheed Martin Enters Long-Term Agreement With Ronson Gears

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Mar 02,2023


Lockheed Martin (NYSE: LMT) Space has entered into its first-ever international Long-Term Agreement with Melbourne-based manufacturer Ronson Gears under its Global Supply Chain (GSC) Program agreement with the Commonwealth of Australia. This Long-Term Agreement will supply multiple gear and gear sets across various Space programs to enhance lead times while decreasing administrative burdens. 

The Long-Term Agreement showcases Lockheed Martin’s dedication to growing partnership alliances in Australia. Lockheed Martin is dedicated to building an Australian supply chain, with procurement executives from our Space Business Area having undertaken five visits to Australia since 2018 to assess and qualify world-class Australian capability.

Ronson Gears was awarded its first GSC Program contract by Lockheed Martin in 2019, becoming the first-ever Australian company to supply gear components that will be carried into space. Since then, Ronson Gears has secured a total of fourteen GSC export contracts with Lockheed Martin to supply a range of precision gear components and assemblies for both military and commercial satellite platforms. More opportunities are on the horizon for Ronson Gears as they continue to deliver exceptional quality and performance.

Lockheed Martin Australia’s Chief Executive, Warren McDonald, congratulated Ronson Gears on securing the international Long-Term Agreement.

“Ronson Gears is an example of the outstanding Australian Industrial Capability available to our nation and the global space industry,” he said.

“It has been a privilege to support the development and transformation of this business, and we look forward to partnering with them well into the future.”

Lockheed Martin Australia’s Head of Industrial Development, Christopher Hess, said he was delighted to be continuing to work with Ronson Gears under the GSC Program.

“The global strategic environment is constantly evolving, and Lockheed Martin Space is committed to working with industry to deliver a world-leading space capability,” he said.

“Since commencing our partnership in 2019, Ronson Gears has demonstrated its commitment to investing in the people, technology and capabilities required to compete internationally.”

Mr. Gavin New, Ronson Gears’ Managing Director, is also a graduate of Lockheed Martin’s Program Management Institute held at Corporate Headquarters in Bethesda, Maryland. This training is designed for only a selected number of external candidates each year that have a direct export opportunity link to Lockheed Martin’s Global Supply Chain. 

“Lockheed Martin Space brings an unparalleled legacy in military and commercial satellite programs,” said Mr New.

“Ronson Gears is grateful for the support Lockheed Martin has shown our business to date and the trust they have shown in offering this Long-Term Agreement.

“Through our work under the GSC program, we have been provided access to global networks and the ability to contribute to space programs that will shape international defence capabilities.

“This would not have been possible without the opportunities Lockheed Martin has provided and, with this Agreement in place, we are excited about the opportunities that are to come.”

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