Business services provider
Lionbridge Technologies Inc.
) recently renewed its partnership with a leading manufacturer of
power and engine systems for an additional six years. Per the
agreement, Lionbridge will act as the coveted supplier of global
technical publications and will handle the program across its
solution centers in the U.S., UK, Germany, the Nordics and India.
The projected value of the contract is over $100 million.
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The undisclosed client is a premier provider of integrated power
systems and services to the civil and defense aerospace, marine
and energy markets. It has an extensive customer base including
airlines, aircraft and helicopter operators, armed forces and
marine and energy customers in more than 80 countries across the
Lionbridge currently provides the client with technical and
non-technical services across diverse operations. This new
contract is an extension and expansion of the existing program
and provides opportunities for further collaboration across other
divisions and programs of the company.
To aid its client in delivering exclusive technologies and
services, Lionbridge will provide integrated technical authoring
and illustration production solutions. This will help generate,
control and distribute effective maintenance and support
information to its partners and customers worldwide.
Lionbridge's consistently impressive performance, technical
expertise and engineering support will be an advantage for its
clients. This partnership reflects a mutual dedication to be at
the forefront of technological innovation and excellence in the
Lionbridge's technical authoring services will provide an edge to
its client by stepping up user adoption, shrinking support costs,
improving customer loyalty and increasing overall client
satisfaction. Technical authoring services convert technical
documentation into competitive advantage by writing user-focused
product documentation across diverse media. In addition,
Lionbridge's global footprint allows it to deliver cost-effective
and culturally appropriate content translation, lowering its
clients' project management and fixed overhead expenses.
Furthermore, Lionbridge has an impressive track record of
providing quality illustration services to customers in the
aerospace and military industries. Lionbridge, with its
established quality control system, processes engineering
drawings and a vast range of software tools, is likely to provide
efficient service in terms of quality, cost and delivery.
Global businesses are increasingly relying on companies like
Lionbridge to augment their international presence, speed up
development of global products and content, and reinforce the
efficiency of enterprise applications and IT system investments.
Lionbridge has a noteworthy client base of over 800 leading
global companies, including some affluent names such as
Adobe Systems Inc.
). While continuing to nourish its established clientele with
innovative offerings, Lionbridge is also seeking expansion in new
We envision the current contract with the undisclosed client to
reap huge benefits for this Zacks Rank #3 (Hold) stock and
strengthen its position in the market.