Adelaide-based turnkey satellite solution provider, Inovor Technologies, has been selected as the next participant in the Lockheed Martin Mentor Protégé Program (MPP) to accelerate the development of its core business capabilities.
Inovor’s executive team will undergo the intensive 12-month program from November, opening the door to potential export opportunities to the United States and beyond.
The program, which will be tailored specifically to Inovor’s business needs, will cover best practice competencies such as human resource processes, business ethics, contracting, product management, export controls, quality management systems, supply chain risk management, competitive intelligence and cyber security readiness.
Chief Executive of Lockheed Martin Australia and New Zealand, Warren McDonald, explained Inovor will be the third Australian SME to embark on the program that aims to fast-track their growth.
“Our Mentor Protégé Program is one way we’re working with leading Australian SMEs, such as Inovor, to help accelerate their development, so they can be competitive on the global stage,” said Mr McDonald.
Lockheed Martin Australia’s Regional Director for Space, David Ball, said Inovor’s innovations and determination set them apart.
“Inovor impressed us with their innovative technologies, the clarity of their vision and their determination to seek sustained growth through securing export opportunities in the US and further afield,” said Mr Ball.
“Their commitment to making the necessary investments to compete for global supply chain contracts made them ideally suited for the Mentor Protégé Program.
“Our investment in Inovor’s participation in the Mentor Protégé Program is part of our commitment to developing Australia’s space industry sector, including through our support of STEM learning initiatives and focus on key programs such as JP9102.”
Founder and CEO of Inovor, Matt Tetlow, said completion of the MPP will be vital to realising the company’s growth potential.
“We see the Mentor Protégé Program as a transformational opportunity that coincides with a series of strategic initiatives, including the expansion of our state-of-the-art manufacturing facilities in Adelaide and a rapidly maturing flight heritage,” said Mr Tetlow.
“At the conclusion of the program, Inovor will have the scale, experience, capabilities and corporate knowledge required to meet the growing needs of our Australian customers and pursue the international export opportunities that can accelerate our growth exponentially.”