US Navy extends Michelin aero tyre contract

ERJ staff report (DS)

Greenville, South Carolina -- The US Navy has exercised a second five-year option to extend its tyre supply contract with Michelin. The contract term began in Jan. 2000 and includes supply of 100 percent of the Navy's aircraft tyres around the world, including deployed aircraft carriers.

Michelin said its management of the Navy's tyre performance-based logistics (PBL) program has eliminated backorders, reduced the Navy wholesale tyre inventory, and reduced retail allowances by two-thirds, worth nearly $2 million. Michelin has also reduced logistics response times resulting in 99 percent on-time delivery anywhere in the world in four days or less

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Press release from Michelin