CARY, N.C.—Lord Corp. will develop and manufacture the auto throttle module for Boeing's 737 Max, now that the two have reached a multi-year agreement regarding production of the cockpit control.
Financial terms of the agreement were not disclosed, but Lord hailed the agreement as the "biggest in the company's 94-year history."
According to a news release, development of the cockpit control system will take several years, with production expected to begin in 2020 at Lord Electromechanical Solutions (formerly Fly-by-Wire France) facilities in Saint-Vallier, France, and in Cambridge Springs, Pa.
Lord acquired Fly-by-Wire in 2016.
The new contract with Boeing reflects Lord's acquisition strategy to develop electromechanical solutions for the aerospace and defense industry.
A recent recipient of the Silver Boeing Performance Excellence Award, Lord has developed and manufactured several systems and components for a variety of commercial and military Boeing platforms.
Lord is constructing a new manufacturing center in Pont de L'Isere, France, to enhance its service to Boeing and other customers while positioning the company for future growth.