Has Arsenal of Competitive Products
LEBANON, Mo., Oct. 27 /PRNewswire/ -- Detroit Tool Metal Products (DTMP) has
announced that its strategy to focus on Military and Defense contracts is on
track. Offering a variety of options for product support including land
support vehicles, transportation equipment, energy storage, and ground support
and preparation, DTMP has seen a significant growth in this market.
"Our business in the military and defense markets has grown more than 70%
since 2006," said Steve Westfall, President and Chief Executive Officer of
DTMP. "Our year over year growth has been 57% this year alone, and this
market now accounts for about 12% of our over-all business."
Recently, DTMP received approval for $2 million in funding to develop an
improved manufacturing process for the use of advanced titanium metal in
military vehicles from the U.S. Senate Appropriations Committee. The funding
is part of a $214 million appropriation package ushered through the Senate
Appropriations Committee by Missouri Senator Kit Bond to be used in important
defense projects.
With six significant customers in this industry segment, DTMP is looking to be
the vender of choice for military vehicles, mission critical systems and
sustainment solutions, high technology battery protection, and technology for
the transport sector.
"We see this market as a natural for us and we are anxious to expand our
capabilities in support of those companies with missions to support our war
fighters," said Westfall. "With our expanding engineering capabilities we are
ready to work from concept to design to prototype to finished product. We
have the unique capabilities to offer one stop shopping for these special
customers."
Detroit Tool Metal Products (DTMP) is a leader in full-service precision metal
stamping and fabrication for a broad range of markets that include military
and defense, appliance, agriculture, construction, consumer products, class 8
trucking, heavy equipment, pharmaceutical and recreational products. The
company is located at 949 Bethel Road in Lebanon, MO. For More information
about DTMP please visit http://www.dtmp.com
SOURCE Detroit Tool Metal Products
Art Fiacco, +1-480-748-1389
