Friday, October 1, 2010

GMA awarded $8.3M G12 Parachute Contract

Press Release: Since 1974, GMA has specialized in providing high technology textile products and components for the Defense Industry: products that perform under pressure and exceed the most stringent quality assurance requirements. Our dedication to quality has been our key differentiator for competing in a global competitive landscape.

"We are a US Small Business with average CAPEX investments per Revenue over 4 times Industry averages. We add automation and bring fresh, innovative ideas to continually improve processes for long standing US build to print products" stated Acting CEO and President, Nicole Verkindt. Our manufacturing expertise is second to none.

Today, GMA is pleased to announce the expansion of its quality offerings to the manufacture of cargo parachutes. Thanks to a dedicated team of world class engineers, manufacturing experts, and aggressive production readiness initiatives, we have received our first contract, valued at $8.3M for the production of G12 Parachutes for Natick.

We are already working diligently to expand our capabilities and see the future of GMA parachutes as being highly focused on Low Velocity Cargo Parachutes and other higher end variants. We have additional manufacturing capacity prepared for the immediate production of additional Parachutes and look forward to competing in this sophisticated market in the future.

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