Orange manufacturer gets $23.6M DOD deal
July 24, 2017, Orange, CT - The U.S. Department of Defense awarded Orange-based Numet Machining Techniques a $23.5 million contract to supply air compressor cases for F100 jet fighter engines over a period of three years.
Under CEO Tim Ulles, Numet sells components to the East Hartford-based Pratt & Whitney division of United Technologies which produces the F100 engine for F-16 and F-15 fighters, as well as to General Electric subsidiary GE Aviation.
Numet moved its facility to Orange in 2012 from Stratford, a year after it was acquired by the Greenwich private equity investment firm Kidd & Co.
Numet is a self-release Tier 1 provider of parts and components for jet turbine engines to General Electric Aviation, Pratt & Whitney, and the U.S. Department of Defense. Additionally, Numet also services customers in the overhaul and repair market for both military and commercial aviation and ground power applications. The Company currently specializes in complex turned and 5-axis milled components up to 70” in diameter and assemblies made from extreme temperature alloys such as Waspaloy, Titanium, Cobalt, Inconel, Rene 41, Haynes 242, and Haynes 188. Numet holds ISO-9001 Rev C, AS9100 and Nadcap certifications.
About Kidd & Company
Kidd & Company, LLC is an Old Greenwich, Connecticut-based principal investment firm. KCO traces its roots to 1976 when William Kidd made his first private equity investment. Today, KCO is the private investment arm of the Kidd Family Office engaged in sponsoring private equity transactions in the lower middle market. The firm's focus is on driving superior returns by implementing fundamental strategic and operational improvements to drive above-market growth in revenue and earnings, both organically and through accretive acquisitions. The diverse skill set of its partners allows KCO to bring management, operational, sales and marketing, corporate finance and M&A expertise to bear to substantially increase the total value of its investments.